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The Latest Breaking News from AlixPartners

Americans Are Open To Cheap Chinese Cars. That’s 'Scary' For The Rest Of The Auto Industry

Many EV buyers would buy a Chinese car if it was cheap enough, according to a recent survey.

InsideEVs

Judgment Day Arrives For Elon Musk And Tesla

Today on Critical Materials: Elon Musk is on a warpath ahead of Tesla's dismal earnings, Subaru EyeSight gets AI, and U.S. youth is familiar with China's EVs.

InsideEVs

CEOs have way more angst about disruption than their non-CEO colleagues

Over 60% of CEOs surveyed by AlixPartners are worried their executive teams aren't agile enough to navigate today's fast pace of change.

Fortune

From analysis to the latest developments in health,
read the most diverse news in one place.

Streaming May Become Less Overwhelming (and Less Expensive) Next Year

Streaming services: We’re about to enter the era of bundles, saving money in the process, study says.

Kiplinger

Big drop in number of nightclubs, study suggests

Bars, pubs and competitive socialising venues now rival nightclubs, giving consumers a greater choice – report.

The Independent UK

Boards love CEO candidates with consulting experience—but there’s a catch

Fortune 500 companies are filled with CEOs who have consulting experience, but they also have other roles before they take the top job.

Fortune

City A.M. managing director backs paywall option after sale

The free London business newspaper was put up for sale yesterday

Evening Standard

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Fate of hundreds of Nottinghamshire homes uncertain as builder in administration

The company has failed to find an investor

Nottingham Post

AlixPartners: Auto industry must 'radically' change to compete with Chinese players

For much of the last decade, electric-vehicle leader Tesla Inc. has been the disruptive force in the automotive industry.

Tribune News Service

Glastonbury’s favourite welly falls victim to a sales drought

Exclusive: Lack of rain blamed as Hunter Boot sales dry up

Evening Standard

Barclays’ sale of Daily and Sunday Telegraph could take months to complete, warn banks

Sale is set to a spark bidding war amid debts of £1 billion

Evening Standard

Telegraph and Spectator titles set to be auctioned off by Lloyds Banking Group

THE Telegraph newspapers and The Spectator magazine are due to be put up for auction within days amid a bitter row between the title’s…

The National (Scotland)

Daily Telegraph and Sunday Telegraph newspapers to be put up for sale

Barclay family have lost control of crown jewel media assets in bitter row with newspaper group’s lender

The Guardian - UK

Almost 4,600 hospitality firms close in year as energy bills rocket – figures

Restaurants suffered a particularly damaging year, with the number of licensed restaurants shrinking by 7.8% over the year.

The Independent UK

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Evening Standard

Family-run pubs remain exposed after London hit hardest by Covid closures

London landlords are facing the end of government support and are hoping for drinkers to keep coming back to the pub

The Independent UK

Revealed: The great Brexit pubs and clubs shutdown

Number of hospitality venue closures soars six-fold in a year - triggered by EU staff shortages

Fortune

Too few retail execs have the chops to be CEO anymore

Retail boards are struggling with fewer prospects to fill the corner office.

Wales Online

Cost of living crisis has closed more pubs and restaurants than Covid

Experts said the mass closures was largely due to rampant cost inflation, particularly through rising energy bills

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news in one place.

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Axios

Corporate execs are increasingly "paralyzed" with anxiety

Companies haven't been this risk-averse since the pandemic started.

Bangkok Post

Cineworld Nears Bankruptcy as Theater Comeback Lags

Cineworld Group PLC, the owner of Regal Cinemas, is preparing to file for bankruptcy within weeks after struggling to rebuild movie-theater attendance from pandemic lows, according to people familiar with the matter.

InsideEVs

Electric Car Prices Spiking Due To Rising Costs And Demand

As demand for a product grows and materials become scarce or difficult to acquire, prices rise. Research puts the average price of a new EV at $54,000.

Tribune News Service

AlixPartners warns Wall Street's 2023 auto industry profit expectations are 'heavy lift'

A consulting firm is warning Wall Street that an expected growth in profits for the automotive industry in 2023 may not come to fruition even as volumes increase from an extended semiconductor shortage.

Daily Mirror

One pub shuts every two hours as more closures likely due to staffing and supply issues

Research by consultants CGA and AlixPartners found that 106,000 pubs, restaurants and other licenced premises have been closed since the start of the Covid pandemic

Tribune News Service

How automakers are rethinking supply models amid war, pandemic, earthquakes

The global auto industry just can't catch a break: automobile wire harnesses made on picnic tables because of a war in Ukraine, semiconductor plants halting production from an earthquake in Japan and backed-up ports in China amid rising COVID-19 cases are straining vehicle supply chains — again.

Asharq Al-Awsat

Teneo Launches Financial Advisory Business in the Middle East

New York-based Teneo said on Monday it was launching a financial advisory business in the Middle East. The company has hired restructuring veterans Matthew Wilde and Elie Fakhoury from AlixPartners, it said, Reuters reported. Wilde was involved in the restructuring of Dubai builder Arabtec and hospital operator NMC healthcare, while…

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