Britain clinches the terms of the deal to sell 500-year-old Royal Mail to a Czech billionaire [CNN]
Foot Locker, Inc. (FL)
Last foot locker, inc. earnings: 2/28 06:45 am
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Source: CNN
Daniel Kretínský's EP Group has made “legally binding commitments” to the UK government as part of the process to buy the postal service from its British parent company International Distribution Services, according to a government statement published Monday. These commitments include seeking government approval to move Royal Mail's headquarters and tax residency abroad, with both remaining in the United Kingdom for at least five years. EP Group must also uphold the postal service's “universal service obligation,” which requires it to deliver priority letters six days a week everywhere in the UK for the same flat fee. The company has also agreed to recognize and “negotiate in good faith” with relevant workers' unions. The £3.6 billion ($4.6 billion) deal, which International Distribution Services accepted in May , has raised concerns about the fate of thousands of Royal Mail employees, as well as the future of a key piece of national infrastructure, which delivers a vital publi
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FL
News
- Nike's new CEO plans to go back to basics in brand overhaul effort [Yahoo! Finance Canada]Yahoo! Finance Canada
- Nike's new CEO plans to go back to basics in brand overhaul effort [Yahoo! Finance]Yahoo! Finance
- Nike's new CEO said the company messed up 3 key areas that he's trying to fix — and it's bad news for customers who like cheap stuff [Business Insider]Business Insider
- Nike's New CEO Admits the Brand Has Been Competing With Its Partners, Pledges to Fix Relationships With Foot Locker, JD Sports and More [Yahoo! Finance]Yahoo! Finance
- Nike beat low expectations as investors look for turnaround under new CEO Elliott Hill [Yahoo! Finance Canada]Yahoo! Finance Canada
FL
Earnings
- 12/4/24 - Miss
FL
Sec Filings
- 12/11/24 - Form 10-Q
- 12/4/24 - Form 8-K
- 11/18/24 - Form 4
- FL's page on the SEC website