Audi, the premium automotive brand owned by Volkswagen, has taken a significant step in expanding its sports investments by becoming the official automotive partner of Inter Miami CF. This multiyear partnership aims to tap into the growing soccer fan base in South Florida, with Inter Miami CF boasting over five million fans in the U.S.
Marketing
BP shares took a hit on Tuesday as the company disclosed its expectation to incur an impairment of up to $2 billion in the second quarter. Additionally, it warned investors about lower refining margins that could further weigh on its financial results. This news caused a 2.6% drop in BP shares during early market trading,
The record summer air travel demand in the U.S. is not translating into record profits for airlines. Despite the forecast of record demand and revenue, higher labor and operational costs have eaten into the bottom lines of carriers. Some airlines have slowed down or even halted hiring due to slower demand growth and other challenges,
In a time when the entertainment industry is facing unprecedented challenges, Fathom Events has managed to defy the odds by posting record revenue gains. Contrary to the struggling box office, Fathom Events, a joint venture between major theater chains AMC, Regal, and Cinemark, has been thriving. With a history of 20 years, Fathom Events has
Casual-dining chains are experiencing a shift in consumer preferences as customers are becoming increasingly frustrated with the rising prices at fast-food establishments. Darden Restaurants CEO Rick Cardenas acknowledged this trend, mentioning that while Darden itself has not directly benefited from this change, competitors like Brinker International and Dine Brands are capitalizing on the opportunity to
The box office has been missing a vital component – family-friendly films. Despite a few successful hits like “Super Mario Bros.,” the absence of consistent family entertainment has been noticeable. Many family movies either opted for streaming debuts due to the pandemic or were spaced too far apart in release dates to create any significant
Major League Eating dropped a bombshell when they announced that they would be parting ways with 16-time champion Joey “Jaws” Chestnut ahead of the Nathan’s Famous Fourth of July hot dog eating contest. The decision came after Chestnut decided to represent a rival brand that sells plant-based hot dogs instead of the traditional meat version.
The leadership team at Paramount Global recently presented a detailed go-forward plan at the company’s annual shareholder meeting. This plan serves as a backup in case the proposed sale of the company does not go through. The presentation highlighted strategic priorities, cost reduction initiatives, and plans to divest noncore assets. One of the key strategic
Aston Martin, under the leadership of Executive Chairman Lawrence Stroll, is poised to achieve a significant turnaround this year. With a fresh lineup of new models and a marketing boost from Formula 1, the sports car manufacturer is anticipating to become cash-flow positive soon. Stroll emphasized the importance of this transformative moment for the company,
When Paul Lester delved into the world of luxury real estate in Los Angeles, he brought a fresh perspective to the standard property viewing experience. By incorporating an art opening into a Beverly Hills property tour, he elevated the entire package, attracting a different kind of buyer. The merging of real estate and art proved