Tag: Valuation (finance)

Business

Nestlé Workforce Reductions Signal Deeper Strategic Overhaul Under New Leadership

Nestlé’s new CEO Philipp Navratil has initiated significant workforce reductions affecting nearly 6% of employees. The move comes alongside improved sales performance and signals broader strategic changes ahead for the global food giant. Analysts suggest these cuts represent just the beginning of a more comprehensive transformation.

Major Workforce Restructuring Announced

Nestlé’s newly appointed CEO Philipp Navratil has reportedly initiated substantial workforce reductions, cutting approximately 12,000 positions according to recent reports. This represents nearly 6% of the company’s global workforce of 277,000 employees. The announcement came during Navratil’s first results presentation since taking leadership of the KitKat manufacturer last month, with sources indicating the move aims to address shareholder concerns about performance and valuation.

by Alvarez Jordan
BusinessPersonal Finance

Cantor Fitzgerald’s Tether Investment Could Yield $25 Billion Stake in Historic Fundraise

Cantor Fitzgerald reportedly stands to gain a $25 billion stake in Tether Holdings if the stablecoin company achieves its ambitious $500 billion valuation target. The investment bank’s convertible bond position could transform its initial $600 million investment into one of the most lucrative financial deals in recent history.

Cantor Fitzgerald’s Massive Tether Bet

Investment banking giant Cantor Fitzgerald could see its stake in Tether Holdings valued at approximately $25 billion if the stablecoin company successfully raises $15 billion at a $500 billion valuation, according to reports. Sources indicate the New York-based investment bank purchased a convertible bond in Tether for more than $600 million over a year ago, which entitles it to 5% equity in the company.

by Alvarez Jordan
BusinessStartups

Coinbase Increases Investment in India’s CoinDCX, Valuing Crypto Exchange at $2.45 Billion

Coinbase has reportedly increased its investment in Indian cryptocurrency exchange CoinDCX, valuing the platform at $2.45 billion according to sources. The move signals the US crypto giant’s continued commitment to the Indian market despite regulatory uncertainty and recent security challenges.

Coinbase Expands Indian Presence Through CoinDCX Investment

Coinbase has reportedly increased its investment in India’s leading cryptocurrency exchange CoinDCX, according to sources familiar with the matter. The investment extension values the Indian exchange at $2.45 billion post-money, analysts suggest, representing a significant increase from its previous valuation of $2.15 billion during its April 2022 funding round.

by Desai Priyanka
BusinessStartups

Ramp’s Counterintuitive Strategy: Helping Businesses Spend Less Drives $22.5B Valuation

Ramp’s CEO Eric Glyman reveals the company’s unconventional approach to corporate cards, focusing on spending reduction rather than rewards. The fintech reportedly reached $1 billion in annualized revenue and achieved unicorn status faster than any other New York company, according to Fortune’s Leadership Next podcast.

Unconventional Strategy Drives Record Growth

Corporate credit card provider Ramp has reportedly achieved a staggering valuation of $22.5 billion by implementing a counterintuitive business model that encourages customers to spend less rather than more, according to recent reports from Fortune’s Leadership Next podcast. Sources indicate that CEO Eric Glyman’s approach represents a fundamental shift from traditional credit card companies that typically reward increased spending.

by Desai Priyanka