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The Japanese technology investment fund also has investments in General Motors Co’s self-driving car subsidiary Cruise. SoftBank and automaker Honda Motor Co have invested a total of $5 billion for acquiring separate minority stakes in Cruise best luxury cufflinks. Cruise has a value of more than $14 billion despite no significant revenue and a product not ready for commercial launch. Uber is getting ready for its initial public offering (IPO) and filed for it last week. Toyota and Denso declined to comment, while Uber and SoftBank did not respond to Reuters’ requests for comment..

(Reuters) – Pier 1 Imports Inc’s Chief Financial Officer Nancy Walsh is leaving after a year in the job at the struggling home furnishing retailer, which reported a bigger-than-expected loss in the fourth quarter on Wednesday. The company known for its wicker chairs and scented candles has been battling falling sales in the face of increasing competition from rivals such as Williams-Sonoma and online giants like Amazon.com best luxury cufflinks. Walsh is the second top executive to leave the company in the last five months..

Chief Executive Officer Alasdair James stepped down in December after his turnaround efforts failed to deliver results. The company had then said it was evaluating strategic options, but may not result in a sale. The company named director of consulting firm AlixPartners Deborah Rieger-Paganis as interim CFO and said it was considering closing up to 45 locations in fiscal 2020 due to lease expirations. It has roughly 987 stores in the United States and Canada. Pier 1 said the number of stores likely to be closed could increase by up to 15 percent if Pier 1 fails to achieve performance goals, sales targets, and reductions in occupancy and costs best luxury cufflinks.

Last month, Reuters reported the company has tapped debt restructuring lawyers to navigate potential negotiations with lenders. Pier 1, which has a market capitalization of about $55 million, had a long-term debt of $245.6 million as of March 2 best luxury cufflinks. The company on Wednesday also unveiled a plan to cut costs and save as much as $110 million in fiscal 2020 “by resetting its gross margin and cost structure.”. In the crucial holiday quarter, Pier 1 reported a 13.7 percent decline in same-store sales and missed Wall Street expectation for quarterly revenue as fewer customers visited its stores..

NEW YORK (Reuters) – Strategists at the world’s largest asset manager BlackRock Inc told their financial adviser clients on Wednesday to look at cutting back on risk and lower expectations for high returns on stocks and bonds best luxury cufflinks. “We may get another leg-up from earnings but I would say the type of returns we experienced in the first quarter should not be extrapolated,” BlackRock’s chief equity strategist Kate Moore said during its quarterly U.S. wealth advisory event, which was attended over the web by about 1,300 of its financial adviser clients..