Second quarter sales at Newell Brands were down as company officials pinned the decrease on the closing of Toys ‘R Us and inventory destocking in the office superstore segment.
When Jack Pearson, a popular character in the NBC hit TV show “This Is Us,” died on the show as the result of a house fire that appeared to be caused by a faulty slow cooker, many of the show’s loyal fans reacted negatively, saying they would never use their Crock-Pot again.
First Alert has launched the connected Onelink Safe & Sound smoke, fire and carbon monoxide detector with Alexa and Apple Home Kit integration. The alarm also features entertainment and lifestyle features such as connected audio functions.
It was a busy first quarter for Newell Brands as the company reported a decline in net sales while also announcing an acceleration in its transformation plan that includes the sale and possible sale of select divisions.
A day after Newell Brands announced a deal with billionaire investor Carl Icahn, activist hedge fund Starboard Value LP said its four nominees for Newell’s board of directors are withdrawing their nominations.
Two years after then-Newell Rubbermaid acquired Jarden Corp., three former Jarden executives are reportedly teaming with an activist hedge fund to replace Newell Brands’ CEO Michael Polk and its board of directors, the Wall St. Journal reported on Friday, February 9.