Target Names Brian Cornell as CEO, Yum Brands Expects Profits to Fall After Supplier Scandal

- July 31, 2014 12:40 PM
Categories: Afternoon Coffee | Tags:

Target has named Pepsi Co. executive Brian Cornell as its new chief executive, the first time an outsider has been chosen to lead the company.

A supplier’s use of expired meat is the second food scandal to hit KFC in the span of 19 months, and its parent company Yum Brands is expecting global profits to fall.

Kellogg reported its fifth consecutive decline in quarterly sales and cut its full-year adjusted sales and profit forecast.

The outdoor gear maker Patagonia’s commitment to sustainability has meant compromising on profit.

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