Tag Archives: CEO

Premium-priced Corona and Modelo beers are darn near recession resistant, contends Constellation Brands CEO Bill Newlands. “Consumer demand has been very strong,” Newlands said on Yahoo Finance Live. “We have the benefit in this industry in this category of being somewhat recession resistant And we have seen no slowdown at a consumer level of purchasing against our brands.” To Newlands’ point, Constellation’s beer business — led by brands Corona, Modelo and Pacifico — outshined its wine… Source link

Despite the current inflationary environment, pet care hasn’t seemed to blink an eye. According to PetSmart CEO J.K. Symancyk, the industry is seeing some of its strongest growth in years. “I would call it a resilient industry,” Symancyk said on Yahoo Finance Live (video above). “I think we continue to see people make choices to put their pets ahead of themselves and find ways to involve their pets in more of their lives. And that has continued to drive growth for the last 15+ years. I believe… Source link

For car lovers out there who follow the classic car market, the exploding interest in auction site Bring a Trailer (BAT) has, to put it lightly, been a mixed blessing. On the positive, the site has on display hundreds of classic and enthusiast cars that one can peruse and bid (or dream of bidding) on. On the other hand fans decry the exploding values of once attainable cars, that they blame on the rise of Bring a Trailer. For BAT co-founder and president Randy Nonneberg, he’s just meeting… Source link

Japanese-American spirits maker Beam Suntory hasn’t hidden its interest in buying tequila brands as alcohol drinkers continue to seek out premium spirits. “There’s absolutely no doubt that tequila is one of hottest categories at the moment,” Albert Baladi, CEO of Beam Suntory, told Yahoo Finance Live (video above). “It is attracting multicultural consumers, younger consumers. It is absolutely on fire. We see it everywhere.” Sales of tequila in 2021 reached nearly 27 million in the U.S…. Source link

Oct 7 (Reuters) – Alphabet Inc’s (GOOGL.O) Google plans to invest a total of 100 billion yen ($690.13 million) in Japan through 2024, its Chief Executive Officer Sundar Pichai told Nikkei in an interview on Friday. Google will open a data centre in Chiba Prefecture near Tokyo next year — its first in Japan — which will provide faster and more stable access to Google’s services, the publication reported further. Google did not respond to a Reuters’ request for comment. ($1 = 144.9000 yen)

College enrollments continue to drop in the U.S. as students seek alternatives to the traditional university experience. For the spring 2022 term, enrollment across public and private colleges in the U.S. fell to 16.2 million, down 4.1% year over year, according to the National Student Clearinghouse Research Center. That decline continues the trend of weakening enrollment that has been in place since before the coronavirus pandemic. “We have seen certain headwinds from the general softness in… Source link

The so-called “summer of travel hell” is behind us, but the ongoing national pilot shortage is still causing plenty of headwinds for the industry. Estimates vary, but one government estimate projects a shortfall of 18,000-plus pilots each year for the next decade. Mesa Airlines, a regional airline that flies for both United and American as well as cargo carrier DHL Express, says his company has a solution. CEO Jonathan Ornstein told Yahoo Finance his company is rolling out a program to… Source link

Grab your tiniest violin: Google, once known for its lavish work perks, is slashing its fun budget. Employees can no longer jet off on as many jollies as they used to and are going to have to dramatically scale back their Christmas parties. The cost-cutting hasn’t gone down well with Google staff, who confronted the CEO, Sundar Pichai, at a recent company-wide meeting. Why was Google “nickel-and-diming” them, Pichai was asked, when the company “had record profits and huge cash… Source link

Tesla (TSLA) rental demand appears to be off to a brisk start for Hertz (HTZ). “Demand has been very, very solid,” Hertz CEO Stephen Scherr said in an exclusive Yahoo Finance Live interview Tuesday (video above). “We’re seeing demand not just among leisure travelers but also among corporate travelers, where in fact corporations want their employees in an electric vehicle to satisfy some of their own carbon footprint objectives.” Hertz inked a deal late in 2021 to purchase 100,000 Tesla Model… Source link

Cloud News Mark Haranas September 27, 2022, 11:18 AM EDT “If you’re going to invest millions of dollars and pick a public cloud partner that you may use for the next 10 years or more, you want to pick the one that’s the strongest in the market, has the best technology, the best customer service, continued innovation and is… Source link