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Business
Mangeet Kaur Bouns

1 Stock to Avoid as Inflation Bites Into Its Business

WEBR Inflation Mangeet Kaur BounsMangeet Supply chain Weber Inc

Palatine, Illinois-based outdoor cooking company Weber Inc. (WEBR) manufactures and distributes outdoor cooking products, accessories, consumables, and services in North America, Europe, Australia, and internationally. The company sells its products through an omnichannel network comprising wholesale, direct-to-consumer, and e-commerce channels.

On July 25, WEBR announced the departure of CEO Chris Scherzinger amid declining demand for its products in stores and online. The company named Chief Technology Officer Alan Matula as its interim CEO, effective immediately, as its search for a permanent CEO will commence soon.

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