Shares of Newell Brands Inc (NYSE:NWL) ended Tuesday session in green amid volatile trading. The shares closed up +0.47 points or 0.92% at $51.61 with 2.94 million shares getting traded. Post opening the session at $51.57, the shares hit an intraday low of $51.30 and an intraday high of $51.80 and the price vacillated in this range throughout the day. The company has a market cap of $24.96 billion and the numbers of outstanding shares have been calculated to be 482.20 million shares.
Newell Brands Inc (NWL) on August 31, 2016 announced that Tom Sanford has joined the company as Vice President, Communications. Sanford will be based at the company’s new global headquarters in Hoboken, New Jersey, with responsibility for enterprise-level internal and external communications worldwide, inclusive of employee, community and media relations.
“Tom has more than 25 years of communications experience driving positive outcomes for global organizations during significant periods of change and growth,” said Fiona Laird, Chief Human Resources and Communications Officer. “He will be a tremendous asset during this exciting, transformational time at Newell Brands.”
Prior to joining Newell Brands, Sanford held communications leadership roles at several large, multinational companies, including Aetna, Johnson & Johnson, Pfizer, and AlliedSignal. He spent the early part of his career at two New York-based communications agencies, Adams & Rinehart and Burson-Marsteller. He holds a B.A. in American Studies from Yale University.
Sanford’s appointment is the latest in a series of top talent additions for the company since its acquisition of Jarden Corp. on April 15, 2016.
Shares of Coach Inc (NYSE:COH) ended Tuesday session in red amid volatile trading. The shares closed down -0.10 points or -0.28% at $35.84 with 2.23 million shares getting traded. Post opening the session at $36.21, the shares hit an intraday low of $35.72 and an intraday high of $36.26 and the price vacillated in this range throughout the day. The company has a market cap of $10.25 billion and the numbers of outstanding shares have been calculated to be 278.94 million shares.
Coach Inc (COH) on August 2, 2016 announced the sale-leaseback of its global headquarters at 10 Hudson Yards in New York City. The Company received a purchase price of approximately $707 million (net of $77 million due to the developer of Hudson Yards) before transaction costs of $26 million, resulting in a gain of about $30 million which will be amortized over 20 years. Coach has simultaneously entered into a 20-year lease for the headquarters space.
Victor Luis, Chief Executive Officer of Coach, Inc., said, “We are very pleased to monetize our investment in Hudson Yards, where we were the first company to commit to the project and will be the largest tenant in the new building. We are bringing both our brands – Coach and Stuart Weitzman – together under one roof, in a modern work space, very much reflective of the Coach values and sensibility.”
“Coach has called New York City home since we were founded seventy-five years ago. We have long been part of this neighborhood and we are thrilled to be part of the new Hudson Yards development that is bringing opportunity, culture, and commerce to a great part of Manhattan. The overall design, the community integration with culture and the High Line as well as the modern amenities will continue to make Hudson Yards a sought-after destination.”