Latest news with #ScottFerguson
Yahoo
3 days ago
- Business
- Yahoo
Kenvue attracts share purchase by activist investor Sachem Head
By Svea Herbst-Bayliss NEW YORK (Reuters) -Band-Aid and Tylenol maker Kenvue attracted the attention of another activist investor in the second quarter, with Sachem Head Capital Management reporting that it bought into the stock. Sachem, run by Scott Ferguson, said in a regulatory filing on Thursday that it owned 10.6 million shares in the consumer healthcare company on June 30. According to the filing, Kenvue was the firm's fourth biggest holding at the end of the quarter after Twilio, Talen Energy and Seagate Technology Holdings. Sachem Head declined to comment. The firm is known to quietly push for changes behind the scenes at certain companies, although it mounted a noisy proxy fight at US Foods Holding three years ago. Kenvue, which was spun out of Johnson & Johnson and now has a market value of $40 billion, has faced some of the industry's most prominent activists, including Starboard Value, Third Point and Toms Capital Investment Management, in its two years as a publicly traded company. In July, Kenvue's board fired CEO Thibaut Mongon, laying the path for what investors said they hope and expect will be the eventual sale of the company. Investors have long complained about Kenvue's sluggish share price, which drifted down 1% this year, closing at $21.06 on Thursday. Starboard was among the first to publicly press Kenvue to review how it positions its brands and how they are priced to help boost performance. The hedge fund settled its proxy fight with the company in March when Kenvue agreed to appoint three new directors, including Starboard CEO Jeffrey Smith. Starboard, in a filing on Thursday, said it cut its Kenvue investment by 5.10% to 21 million shares. But Toms Capital Investment Management, which has urged the company to consider strategic alternatives, raised its holding during the second quarter to 16 million shares, from 14.4 million shares at the end of the first quarter. Third Point, run by billionaire investor Daniel Loeb, bought into Kenvue during the first quarter but made no changes in the second quarter, to own 8.5 million shares on June 30. Investment managers are required to tell regulators how much stock they owned in U.S. companies at the end of each quarter in 13F filings. While the filings are backward looking, other investors watch them closely for hints on trends, including suggestions of which companies activist investors might be targeting. Sign in to access your portfolio
Reuters
3 days ago
- Business
- Reuters
Kenvue attracts share purchase by activist investor Sachem Head
NEW YORK, Aug 14 (Reuters) - Band-Aid and Tylenol maker Kenvue (KVUE.N), opens new tab attracted the attention of another activist investor in the second quarter, with Sachem Head Capital Management reporting that it bought into the stock. Sachem, run by Scott Ferguson, said in a regulatory filing on Thursday that it owned 10.6 million shares in the consumer healthcare company on June 30. According to the filing, Kenvue was the firm's fourth biggest holding at the end of the quarter after Twilio (TWLO.N), opens new tab, Talen Energy (TLN.O), opens new tab and Seagate Technology Holdings (STX.O), opens new tab. Sachem Head declined to comment. The firm is known to quietly push for changes behind the scenes at certain companies, although it mounted a noisy proxy fight at US Foods Holding (USFD.N), opens new tab three years ago. Kenvue, which was spun out of Johnson & Johnson (JNJ.N), opens new tab and now has a market value of $40 billion, has faced some of the industry's most prominent activists, including Starboard Value, Third Point and Toms Capital Investment Management, in its two years as a publicly traded company. In July, Kenvue's board fired CEO Thibaut Mongon, laying the path for what investors said they hope and expect will be the eventual sale of the company. Investors have long complained about Kenvue's sluggish share price, which drifted down 1% this year, closing at $21.06 on Thursday. Starboard was among the first to publicly press Kenvue to review how it positions its brands and how they are priced to help boost performance. The hedge fund settled its proxy fight with the company in March when Kenvue agreed to appoint three new directors, including Starboard CEO Jeffrey Smith. Starboard, in a filing on Thursday, said it cut its Kenvue investment by 5.10% to 21 million shares. But Toms Capital Investment Management, which has urged the company to consider strategic alternatives, raised its holding during the second quarter to 16 million shares, from 14.4 million shares at the end of the first quarter. Third Point, run by billionaire investor Daniel Loeb, bought into Kenvue during the first quarter but made no changes in the second quarter, to own 8.5 million shares on June 30. Investment managers are required to tell regulators how much stock they owned in U.S. companies at the end of each quarter in 13F filings. While the filings are backward looking, other investors watch them closely for hints on trends, including suggestions of which companies activist investors might be targeting.
Associated Press
29-05-2025
- Business
- Associated Press
IKEA Canada renews partnership with Rainbow Railroad to support at-risk LGBTQI+ individuals for a second year
Rainbow Cake makes a sweet return to IKEA stores across Canada on June 1st and every slice contributes to a good cause BURLINGTON, ON, May 29, 2025 /CNW/ - IKEA Canada is proud to announce the renewal of its partnership with Rainbow Railroad for a second consecutive year, reinforcing its ongoing commitment to a fairer and more inclusive world. This continued collaboration supports Rainbow Railroad's mission to help LGBTQI+ individuals facing persecution and violence find safety through emergency relocation, crisis response, and advocacy. This year, IKEA Canada will donate up to $200,000 from the proceeds of its Rainbow Cake, available in stores nationwide from June 1 to July 31, 2025. Every purchase of this colourful dessert directly supports Rainbow Railroad's lifesaving efforts, helping approximately 300 LGBTQI+ individuals find safety and resettle in Canada—more than twice the number typically supported in a single year. 'Our vision at IKEA is to create a better everyday life for the many people – a vision that holds even greater significance today,' says Selwyn Crittendon, CEO & CSO, IKEA Canada. 'Supporting the 2SLGBTQ+ community is deeply rooted in our values. The Rainbow Cake initiative reflects our belief that everyone deserves to feel safe, respected and truly at home in every aspect of their lives. Pride is not just a moment; it's a movement, and we're proud to stand as allies every day of the year.' Through this partnership and others, IKEA Canada continues to be a vocal advocate for those facing persecution for simply being who they are. Over 70 countries still criminalize same-sex relationships, and in many, LGBTQI+ people are targets of violence and exclusion at home, at work, and in their communities. 'We are proud to continue our partnership with IKEA Canada during this Pride season,' says Scott Ferguson, Director of Corporate Partnerships at Rainbow Railroad. 'Thanks to the leadership of IKEA and the generosity of Canadians, we are helping more LGBTQI+ individuals than ever before escape dangerous situations and begin new lives where they can live freely and authentically.' In recognition of IKEA Canada's long-standing commitment to 2SLGBTQ+ inclusion and the strength of this partnership, the collaboration with Rainbow Railroad has been recognized with North American honours, reaffirming the impact of aligning purpose with action. 'Rainbow Railroad's mission to support people fleeing anti-LGBTQI+ violence closely aligns with IKEA Canada's ongoing efforts to welcome and support refugees and newcomers,' says John Williams, Equality, Diversity, and Inclusion Leader, IKEA Canada. 'Together, we have a great opportunity to create meaningful change in local communities and help build a more inclusive and compassionate Canada.' This year, IKEA Canada will continue championing everyday allyship of the 2SLGBTQ+ community by: To learn more about how to support this initiative or get involved, visit: ABOUT RAINBOW RAILROAD Rainbow Railroad is an international non-profit organization with headquarters in New York and Toronto dedicated to helping LGBTQI+ people escape state-sponsored violence and persecution. Since its founding in 2006, the organization has helped more than 20,000 LGBTQI+ individuals find safety through emergency relocation, crisis response, cash assistance, and other forms of support. Rainbow Railroad is a registered Canadian charity and 501(c)(3) organization in the United States. For more information, visit ABOUT IKEA CANADA Founded in 1943 in Sweden, IKEA is a leading home furnishing retailer, offering a wide range of well-designed, functional home furnishing products at prices so low that as many people as possible can afford them. IKEA Canada is part of Ingka Group which operates 574 IKEA stores, shops and planning studios in 31 countries, including 16 in Canada. Last year, IKEA Canada welcomed 32.6 million visitors to its stores and 162.6 million visitors to IKEA Canada operates business through the IKEA vision - to create a better everyday life for the many people and does so through its local community efforts and sustainability initiatives. For more information on IKEA Canada, please visit SOURCE IKEA Canada Limited Partnership
Cision Canada
29-05-2025
- Business
- Cision Canada
IKEA Canada renews partnership with Rainbow Railroad to support at-risk LGBTQI+ individuals for a second year Français
This year, IKEA Canada will donate up to $200,000 from the proceeds of its Rainbow Cake, available in stores nationwide from June 1 to July 31, 2025. Every purchase of this colourful dessert directly supports Rainbow Railroad's lifesaving efforts, helping approximately 300 LGBTQI+ individuals find safety and resettle in Canada—more than twice the number typically supported in a single year. "Our vision at IKEA is to create a better everyday life for the many people – a vision that holds even greater significance today," says Selwyn Crittendon, CEO & CSO, IKEA Canada. "Supporting the 2SLGBTQ+ community is deeply rooted in our values. The Rainbow Cake initiative reflects our belief that everyone deserves to feel safe, respected and truly at home in every aspect of their lives. Pride is not just a moment; it's a movement, and we're proud to stand as allies every day of the year." Through this partnership and others, IKEA Canada continues to be a vocal advocate for those facing persecution for simply being who they are. Over 70 countries still criminalize same-sex relationships, and in many, LGBTQI+ people are targets of violence and exclusion at home, at work, and in their communities. "We are proud to continue our partnership with IKEA Canada during this Pride season," says Scott Ferguson, Director of Corporate Partnerships at Rainbow Railroad. "Thanks to the leadership of IKEA and the generosity of Canadians, we are helping more LGBTQI+ individuals than ever before escape dangerous situations and begin new lives where they can live freely and authentically." In recognition of IKEA Canada's long-standing commitment to 2SLGBTQ+ inclusion and the strength of this partnership, the collaboration with Rainbow Railroad has been recognized with North American honours, reaffirming the impact of aligning purpose with action. "Rainbow Railroad's mission to support people fleeing anti-LGBTQI+ violence closely aligns with IKEA Canada's ongoing efforts to welcome and support refugees and newcomers," says John Williams, Equality, Diversity, and Inclusion Leader, IKEA Canada. "Together, we have a great opportunity to create meaningful change in local communities and help build a more inclusive and compassionate Canada." This year, IKEA Canada will continue championing everyday allyship of the 2SLGBTQ+ community by: Raising the Progress Pride Flag at all stores across Canada on International Day Against Homophobia, Biphobia, and Transphobia (IDAHOBIT); Sponsoring and participating in Pride parades in cities across Canada; Partnering with Pride at Work Canada and the Canadian Centre for Diversity and Inclusion to foster inclusion and intersectional education in the workplace; Donating $40,000 to local 2SLGBTQ+ organizations across Canada within the communities in which we serve; Providing safe spaces where co-workers can be themselves and support one another through internal forums such as the Rainbow Connections Co-worker Resource Group; Encouraging customers to take part by supporting purpose-driven campaigns, such as the Rainbow Cake. To learn more about how to support this initiative or get involved, visit: ABOUT RAINBOW RAILROAD Rainbow Railroad is an international non-profit organization with headquarters in New York and Toronto dedicated to helping LGBTQI+ people escape state-sponsored violence and persecution. Since its founding in 2006, the organization has helped more than 20,000 LGBTQI+ individuals find safety through emergency relocation, crisis response, cash assistance, and other forms of support. Rainbow Railroad is a registered Canadian charity and 501(c)(3) organization in the United States. For more information, visit ABOUT IKEA CANADA Founded in 1943 in Sweden, IKEA is a leading home furnishing retailer, offering a wide range of well-designed, functional home furnishing products at prices so low that as many people as possible can afford them. IKEA Canada is part of Ingka Group which operates 574 IKEA stores, shops and planning studios in 31 countries, including 16 in Canada. Last year, IKEA Canada welcomed 32.6 million visitors to its stores and 162.6 million visitors to IKEA Canada operates business through the IKEA vision - to create a better everyday life for the many people and does so through its local community efforts and sustainability initiatives. For more information on IKEA Canada, please visit
Yahoo
12-05-2025
- Business
- Yahoo
Nokia delivers advanced tactical private wireless solutions to Marine Corps Tactical Systems Support Activity (MCTSSA)
Press Release Nokia delivers advanced tactical private wireless solutions to Marine Corps Tactical Systems Support Activity (MCTSSA) Enhanced battlefield connectivity with Nokia Banshee tactical private wireless solutions Supporting Marine Corps modernization efforts with resilient, high-speed communications Providing hands-on training for seamless deployment and operational success 12 May 2025Chantilly, Virginia – Nokia today announced that it has delivered its Banshee tactical private wireless solutions to the Marine Corps Tactical Systems Support Activity (MCTSSA), reinforcing the U.S. Marine Corps' commitment to provide seamless, secure, and resilient communications for tactical operations. This milestone builds upon years of collaboration between Nokia and the Marine Corps in testing and refining next-generation communication capabilities to support critical operational needs. In 2023, Nokia and the Marine Corps conducted a two-day proof-of-concept at Marine Corps Air Station Yuma, validating Banshee's ability to deliver secure, high-capacity tactical communications beyond expectations. That same year, Nokia and MCTSSA partnered at Project Convergence to showcase Banshee's effectiveness in denied, disrupted, intermittent, and limited (DDIL) environments. These demonstrations reinforced its role in enabling resilient, high-speed connectivity across joint warfighting networks. Following these findings, MCTSSA acquired multiple Banshee units in early 2025 for further evaluation and integration into Marine Corps exercises. To support seamless deployment, Nokia provided hands-on training to MCTSSA and other Marine Corps units, covering private wireless network operations, setup, troubleshooting, and live demonstrations of Banshee's capabilities. 'Banshee is a game-changer for the warfighter, providing the Marine Corps with a powerful, scalable private wireless solution that meets the demand of modern warfare. We are honored to support MCTSSA and the Marine Corps as they modernize battlefield connectivity while enhancing operational efficiency and resilience,' said Scott Ferguson, Chief Revenue Officer, Nokia Federal Solutions. 'High bandwidth, low latency transport is critical for sensor-to-shooter integration, enabling real-time data flow from sensors to weapon systems. This ensures precise, timely strikes, maintaining battlefield advantage. Even slight delays can jeopardize missions, making robust connectivity a strategic necessity for lethality and adaptability in modern warfare,' said Capt. Eric Perez, MCTSSA Cyber Network Operation Officer. The Nokia Banshee family delivers a high-speed, long-range, and secure tactical communication solution designed for rapid deployment in demanding environments. As a cost-efficient, commercial off-the-shelf (COTS) system, it leverages industry R&D investments to provide a scalable alternative to traditional Marine Corps communications. With its lightweight, easy-to-use design and advanced security, Banshee ensures resilient, mission-critical connectivity while significantly reducing costs, aligning with MCTSSA's vision for modernizing battlefield communications. Multimedia, technical information, and related newsWeb Page: 5G tactical private wirelessPress release: Nokia launches the 5G Banshee Flex Radio: a revolutionary mobile broadband edge network for modern battlefield communications About NokiaAt Nokia, we create technology that helps the world act together. As a B2B technology innovation leader, we are pioneering networks that sense, think and act by leveraging our work across mobile, fixed and cloud networks. In addition, we create value with intellectual property and long-term research, led by the award-winning Nokia Bell Labs, which is celebrating 100 years of innovation. With truly open architectures that seamlessly integrate into any ecosystem, our high-performance networks create new opportunities for monetization and scale. Service providers, enterprises and partners worldwide trust Nokia to deliver secure, reliable and sustainable networks today – and work with us to create the digital services and applications of the future. Media inquiriesNokia Press OfficeEmail: Nokia Federal ServicesJacqueline LampertEmail: media@ Follow us on social mediaLinkedIn X Instagram Facebook YouTubeError in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
