The deal added a bunch of well-known brands such as Coleman, First Alert, and Yankee Candle to Newell's Paper Mate, Sharpie, and Graco, among others. Obviously, this did not have the intended effect on profitability, and the situation has attracted activist investor Carl Icahn, who gained board representation, and Starboard Value.
CEO Ravi Saligram stated, "We have two critical goals. First, continue to accelerate cash generation and reduce debt. And two, stop revenue declines and lay the foundation to restore long-term profitable growth."
Newell Brands is a company that designs, sources, and distributes consumer and commercial products worldwide. The Company's segments include Writing, Home Solutions, Commercial Products, Baby and Parenting, Branded Consumables, Consumer Solutions, Outdoor Solutions, and Process Solutions. Its products are marketed under various brand names.
Recent NewsAll News
• Investor Alert: Kaplan Fox Investigates Newell Brands
PR Newswire04 Mar 2020
• HAGENS BERMAN, NATIONAL TRIAL ATTORNEYS, Encourages Newell Brands (NWL) Investors Who Have Suffered Losses to Contact its Attorneys: Firm Investigating Possible Securities Law Violations
PR Newswire03 Mar 2020
• Newell Brands subpoenaed by SEC over sales, accounting practices
MarketWatch02 Mar 2020
• Stocks making the biggest moves in the premarket: Newell Brands, Canopy Growth, Tesla & more
anon last night-"Q follow pen" went on pen=sharpie, who owns-Newell
went on search-all I could get from SuckDuckGo. Board gone shortly after 3.
Just leave this here, if he needs it.