article thumbnail

McDonald’s Australia CEO resigns, new boss announced

Inside Retail

Chiczewski joined McDonalds in 2012, and has held several roles in strategy, finance, and operations. Martinez plans to spend more time with his young family and pursue new opportunities. He was field vice president of the Northeast US, responsible for 1,500 restaurants before heading to Australia in September 2024.

Finance 226
article thumbnail

Wonder Buys Media Company Tastemade for $90 Million

Retail TouchPoints

Walmart in February 2024 , and in March 2024 Wonder raised $700 million and announced plans to operate 90 physical locations by the end of 2025. This latest deal will provide Wonder with a content studio that has been producing both short- and long-form food and cooking videos since 2012.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Walgreens to Pay up to $350 Million to Settle DOJ Opioid Lawsuit

Retail TouchPoints

District Court for the Northern District of Illinois, alleged that from August 2012 through March 1, 2023, Walgreens prescribed excessive quantities of opioids, filled prescriptions significantly early and prescribed a dangerous and abused combination of three drugs known as a trinity. The Walgreens suit, amended April 18 in the U.S.

Planning 147
article thumbnail

How True Religion aims to be the latest Y2K-era brand to make a comeback

Inside Retail

By 2013, the company reached peak profit, when it hit $490 million in revenue, after nearly tripling sales between 2007 and 2012. Buckley has commented that the company plans to reach close to $500 million in revenue by 2027. It was one of the top players in the denim retail boom of the early 2000s.

Fashion 130
article thumbnail

Best of 2024: Clintons new owner’s plans for the card retailer that refuses to fold

Retail Gazette

The retailer found itself grappling with an over-inflated rent bill and increasing competition from Card Factory and the supermarkets, which forced it to call in its first set of administrators in May 2012. It was sold a few weeks later to a subsidiary of US card maker American Greetings in a rescue deal that saved 434 out of its 784 stores.

article thumbnail

Instacart May Have Started with Grocery Delivery, but its Future is Focused on Stores

Retail TouchPoints

Since its 2012 debut, Instacart has made significant progress in convincing Americans that grocery shopping can be done online. The pandemic helped, of course, but that alone cant account for the companys impressive growth over the past 13 years. Instacart executives celebrate the company’s IPO on Sept. Image courtesy Instacart.)

Grocer 191
article thumbnail

MuseLAB "abandons all notions of the expected" in Mumbai bathware showroom

Dezeen

This remained a challenge and it took us eight months to complete the project, including three months of understanding the brand, working on planning and design concepts and preparing technical drawings," the founders explained. MuseLAB was asked to design and execute the interior in only six months due to the high rental cost of the space.

Planning 104