First Brands’ founder regains access to funds as court rejects asset freeze ⊖
US bankruptcy judge finds company had not shown sufficient evidence for injunction blocking James from bank accounts
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24 days ago
29 days ago
First Brands wins court approval for $1.1bn rescue loan to avoid liquidation ⊕
Overnight negotiations between holdout creditors and the car parts company yield a breakthrough over financing terms
31 days ago
Here are the Wednesday's biggest analyst calls: Nvidia, Tesla, AMD, Rivian, Yum! Brands, O'Reilly & more
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Here are the biggest calls on Wall Street on Wednesday.
32 days ago
Yum Brands quarterly revenue rises 8%, fueled by Taco Bell and KFC
Same-store sales at Taco Bell and KFC rose, while Pizza Hut reported same-store sales fell 1%.
Yum Brands to review strategic options for Pizza Hut, opening the door to a sale
Yum Brands will explore strategic options for Pizza Hut, which has struggled in recent years.
First Brands sues founder Patrick James over alleged fraud ⊖
Collapse of automotive parts supplier puts spotlight on arcane practice of working capital finance
36 days ago
First Brands formally accused of ‘massive fraud’ by lenders
Some creditors want an independent trustee involved in car parts maker’s bankruptcy process
43 days ago
Deckers Brands stock sinks more than 12% after soft outlook raises concerns about Hoka, Ugg growth
Deckers Brands shares fell about 12% after fiscal Q2 results with softer outlook and fears HOKA’s rapid growth is slowing amid cautious consumers and tariff pressures.
57 days ago
ALEX BRUMMER: First Brands could be canary in coal mine ⊕
Business activity has been driven into the secretive world of private equity and credit. That is always going to be an opportunity for recklessness and finagling.
First Brands’ implosion is ripping through private credit – and lenders are scrambling to contain the fallout
The stricken U.S. auto parts maker's dramatic collapse has hit Jefferies, Millennium and UBS fund unit O'Connor