Diversey divested;
decline diversion?
Ingram owner Platinum's
chemicals maker acquired
Diversey, the $2.8Bn in sales, international hygiene & infection protection provider just reported delayed and disappointing results for Q4'22. Meanwhile, it changed ownership again, from Bain Capital to public, now back to privately owned via Platinum Equity chemicals making subsidiary. Updated
Read more ...
- Details
-
17 Mar 23
-
Updated: 17 Mar 23
Subscribe to read!
Old OP Emperors
have no clothes!
Trad product sellers outed
by productivity srvcs shift
There's been much recession talk recently: macro economic headwinds, high inflation, depressing optimism. How much is real given the huge prices boost on lower volumes? Whilst ex-leaders eg. Acco, HP, Newell, 3M & VOW decline despite complacent commentary, progressive players reinvented to meet the 'personalized productivity service' needs of users. We highlight losers and the big winners..Complete
Read more ...
- Details
-
16 Mar 23
-
Updated: 17 Mar 23
Subscribe to read!
FedEx fails from
faulty leadership
Losing market share. Cuts
costs and customer service
FedEx ceo Raj Subramaniam opaquely reported again on disappointing & inflated Q3'23 results. Huge price hikes boosted sales, but disguised serious market share losses to UPS & Amazon.The 'market cap gap' between similar sized UPS widened to $109Bn. The future is bleak for arrogant, cost cutting 'new boss, same as the old boss'; who blames the (strong) economy, not incompetent execution. Updated
Read more ...
- Details
-
16 Mar 23
-
Updated: 16 Mar 23
Subscribe to read!
Mighty 3M mired in
mounting mgt mess
Earplug/PFAS legal issues;
& Health Care div. spinoff
distract from core focus
3M's cfo Monish Patolawala spoke with JPMorgan's Steve Tusa at its Industrials Conference yesterday. 3M's market cap is down -30% over past year, reflecting legal issues with defective miltary earplugs and PFAS chemicals. Meanwhile, it's spinning off the Health Care (25% mix) division and struggling with volume decline in its main businesses. Analysis here...
Read more ...