MDM

Auto Parts Supplier First Brands Files for Bankruptcy

Automotive parts supplier First Brands Group has filed for chapter 11 bankruptcy to stabilize its U.S. business operations after disclosing liabilities exceeding $10 billion. An ad hoc group of ...
MDM

Auto & Industrial Fluids Supplier Recochem Unifies Brands as PFX Group

Aftermarket transportation and fluids manufacturer and distributor Recochem unified its brand under a new name, Performance Fluid Experts Group (PFX). PFX Group includes a portfolio of brands such as ...
Retail Dive

Bath & Body Works CEO: ‘The brand is not fulfilling its potential’

The retailer’s Q3 results were below expectations. Chief Daniel Heaf says the company needs to go back to what made it great. Bath & Body Works’ quarterly results and lowered guidance aren’t living up ...
Morningstar

Bath & Body Works Earnings: Brand Efforts Render Shares Attractive Despite Recently Weak Results

Bath & Body Works’ BBWI third-quarter sales fell 1% and adjusted earnings per share came in at $0.35. The firm announced a transformation plan, Consumer First Formula, to restore top-line and profit ...
Crain's Detroit

Startup focuses on the 97% of skin most companies ignore

A Black women-owned skin care business is working to carve out a niche for itself in the personal care market. Farmington Hills-based Regeily Skin + Body specializes in skincare products for more than ...
AOL

Before Skim Coating Your Old Popcorn Ceiling, Watch Out For These Sneaky Drawbacks

Part of truly turning a house into a home means adding the features that you love most — and getting rid of those you don't. While popcorn ceilings may offer an inexpensive way to dampen noise, for ...
Associated Press

First Brands founder resigns amid accounting scandal and billions in missing funds

Copyright 2025 The Associated Press. All Rights Reserved. Copyright 2025 The Associated Press. All Rights Reserved. Add AP News on Google Add AP News as your ...
Wall Street Journal

First Brands CEO Resigns After Auto Supplier’s Collapse

Patrick James, the chief executive officer of bankrupt auto-parts supplier First Brands, has resigned his position after accounting irregularities came to light. James, also the founder and sole ...
motorbiscuit

‘Your Car Is About to Explode at Any Moment’ — Subaru’s Now the Most Reliable New Car Brand, But Auto Enthusiast Still Disagrees

Subaru has topped Lexus and Toyota in Consumer Reports’ 2025 assessment of new car reliability. However, an auto enthusiast who goes by Not a GSR on TikTok has some harsh words for the auto brand.
The New York Times

First Brands’ C.E.O. Steps Down, While Its Accounting Is Questioned

The auto-part maker’s bankruptcy has rocked Wall Street and revealed trouble in the private credit markets. By Ryan Mac The embattled chief executive of First Brands, an American auto-parts maker that ...
Seeking Alpha

Jefferies tallies $161M of exposure to bankrupt auto-parts maker First Brands (updated)

At 1:44 PM ET, updates to include comment and calculations from Morgan Stanley analyst on Jefferies' maximum loss potential in first, second, and seventh paragraphs. The bank is likely to provide ...