Briefs: An over­haul at Honda; Ama­ is now in fash­ion

Bloomberg Businessweek (North America) - - Contents -

●●q Honda be­gan a ma­jor and un­ex­pected over­haul, start­ing in the C-suite. The Ja­panese auto gi­ant an­nounced the re­tire­ment of eight top ex­ec­u­tives, in­clud­ing Chair­man Fu­mi­hiko Ike. The com­pany is also shak­ing up its pro­duct­de­vel­op­ment process, cre­at­ing po­si­tions to su­per­vise de­signs. Plagued by waves of re­calls, Honda said it has been in­tro­duc­ing mod­els too quickly. ●● Star­bucks re­vamped its loy­alty pro­gram to tie re­wards to the amount cus­tomers spend rather than how of­ten they visit, spurring an out­cry. Star­bucks said the tweak is partly meant to pre­vent cus­tomers from gam­ing the sys­tem by ask­ing baris­tas to ring up items sep­a­rately. ●● Ama­ qui­etly took a step into the fash­ion busi­ness. The Web re­tailer is sell­ing at least 1,800 prod­ucts in­clud­ing cloth­ing and hand­bags un­der seven pri­vate la­bels with bou­tique­sound­ing names such as North Eleven and Lark & Ro. The strat­egy is in line with ear­lier moves to add a pub­lish­ing arm and sell house- brand elec­tron­ics. ●●� Be­yond the PR fall­out from waves of sick cus­tomers, Deutsche Bank said Chipo­tle Mex­i­can Grill suf­fers from menu fa­tigue. In a note to in­vestors, bank an­a­lysts said Chipo­tle would strug­gle to win back cus­tomers, in part be­cause it hasn’t changed its menu much in two decades; the only big ad­di­tion was the tofu sofritas in 2014. ●●e Air­bus has an­nounced it will in­crease pro­duc­tion to meet de­mand from car­ri­ers. The com­pany ex­pects to de­liver more than 650 jets this year, com­pared with the 635 it moved in 2015. Air­lines are us­ing cash freed up by fall­ing fuel prices to stock up on new, fuel-ef­fi­cient air­craft.

MarsM re­called five of its candy bar brands in 55 coun­tries af­ter find­ing a piece of plas­tic in a Snick­ers bar pack­aged in a Nether­lands plant.

CEO Wis­dom “Face­book at 1.6 bil­lion users is a re­ally tough com­par­i­son bar.” ——Ex­ec­u­tive chair­man and for­mer Foursquare CEO Den­nis Crowley dis­cussing Sil­i­con Val­ley val­u­a­tions

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