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Top RetailWit News

Kraft Heinz picks Steve Cahillane as new CEO — REUTERS / ixx511

Kraft Heinz · United States

Kraft Heinz picks Steve Cahillane as new CEO

50% Center coverage: 18 sources

Kraft Heinz on Tuesday named industry veteran Steve Cahillane as its new CEO, ahead of the packaged goods giant's split into two independent public entities. Cahillane, 61, will join the new role effective January 1, succeeding Carlos Abrams-Rivera who will serve as an advisor until March 6.See the Story

Elliott Takes over $1 Billion Stake in Lululemon, Source Says

BP · Vancouver

Elliott Takes over $1 Billion Stake in Lululemon, Source Says

55% Center coverage: 11 sources

Elliott Investment Management has taken a more than $1 billion stake in the athleisure brand and is pushing for Jane Nielsen to succeed Calvin McDonald.See the Story

Instacart shares plunge 11% on report that FTC is probing company over AI pricing tool — REUTERS / ixx511

Instacart · United States

Instacart shares plunge 11% on report that FTC is probing company over AI pricing tool

56% Center coverage: 9 sources

Shares of grocery delivery service Instacart dropped 11% in extended trading on Wednesday, following a report that said the U.S. Federal Trade Commission has begun an investigation into the company’s pricing practices.See the Story

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