Latest news with #expansion
Yahoo
4 hours ago
- Business
- Yahoo
Archer Aviation (NYSE:ACHR) Partners With Jetex To Expand Global Air Taxi Network
Archer Aviation has recently announced a strategic partnership with Jetex, aimed at expanding its infrastructure for air taxi operations globally, starting with the UAE. This collaboration, alongside other initiatives like partnerships in Indonesia and New York, aligns with the company's ambitious global expansion strategy. Within the last quarter, Archer's stock price increased by 23%, a movement that may have been influenced by these positive developments, especially in a flat market environment. Although the market rose 10% over the past year, Archer's robust partnerships and product advancements likely added weight to its notable quarterly performance. Archer Aviation has 4 warning signs (and 2 which are concerning) we think you should know about. Find companies with promising cash flow potential yet trading below their fair value. Over the past year, Archer Aviation's total shareholder return reached 233.33%, highlighting a substantial increase and outpacing both the US Aerospace & Defense industry and the broader market. Comparatively, the industry achieved a return of 33.4% and the market returned 9.9% during the same timeframe. This growth suggests a positive reception to the company's ongoing partnerships and expansion efforts. The strategic collaborations, particularly in the UAE, New York, and Indonesia, may bolster Archer's revenue and earnings forecasts, despite its current unprofitable status. Analysts project a robust 58.1% annual revenue growth, which is significantly higher than the US market's expected growth. This aligns with the company's ambitious global expansion activities outlined in recent announcements. Regarding valuation, Archer's current share price represents a 17% discount to the consensus analyst price target of $11.94, indicating potential for future appreciation if forecasts align with strategic execution. However, with a Price-To-Book Ratio of 6.4x, it remains more expensive compared to the US Aerospace & Defense industry average of 3.3x, which investors should consider when evaluating Archer's future prospects. Our comprehensive valuation report raises the possibility that Archer Aviation is priced lower than what may be justified by its financials. This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned. Companies discussed in this article include NYSE:ACHR. This article was originally published by Simply Wall St. Have feedback on this article? Concerned about the content? with us directly. Alternatively, email editorial-team@ Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
5 hours ago
- Business
- Yahoo
Archer Aviation (NYSE:ACHR) Partners With Jetex To Expand Global Air Taxi Network
Archer Aviation has recently announced a strategic partnership with Jetex, aimed at expanding its infrastructure for air taxi operations globally, starting with the UAE. This collaboration, alongside other initiatives like partnerships in Indonesia and New York, aligns with the company's ambitious global expansion strategy. Within the last quarter, Archer's stock price increased by 23%, a movement that may have been influenced by these positive developments, especially in a flat market environment. Although the market rose 10% over the past year, Archer's robust partnerships and product advancements likely added weight to its notable quarterly performance. Archer Aviation has 4 warning signs (and 2 which are concerning) we think you should know about. Find companies with promising cash flow potential yet trading below their fair value. Over the past year, Archer Aviation's total shareholder return reached 233.33%, highlighting a substantial increase and outpacing both the US Aerospace & Defense industry and the broader market. Comparatively, the industry achieved a return of 33.4% and the market returned 9.9% during the same timeframe. This growth suggests a positive reception to the company's ongoing partnerships and expansion efforts. The strategic collaborations, particularly in the UAE, New York, and Indonesia, may bolster Archer's revenue and earnings forecasts, despite its current unprofitable status. Analysts project a robust 58.1% annual revenue growth, which is significantly higher than the US market's expected growth. This aligns with the company's ambitious global expansion activities outlined in recent announcements. Regarding valuation, Archer's current share price represents a 17% discount to the consensus analyst price target of $11.94, indicating potential for future appreciation if forecasts align with strategic execution. However, with a Price-To-Book Ratio of 6.4x, it remains more expensive compared to the US Aerospace & Defense industry average of 3.3x, which investors should consider when evaluating Archer's future prospects. Our comprehensive valuation report raises the possibility that Archer Aviation is priced lower than what may be justified by its financials. This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned. Companies discussed in this article include NYSE:ACHR. This article was originally published by Simply Wall St. Have feedback on this article? Concerned about the content? with us directly. Alternatively, email editorial-team@
CTV News
7 hours ago
- Business
- CTV News
Popular Gateway Meat Market enters new chapter with expansion in Dartmouth, N.S.
Customers lined up outside the Gateway Meat Market in Dartmouth, N.S. (Source: Carl Pomeroy/CTV News Atlantic) In 2008, the Gateway Meat Market in Dartmouth, N.S., opened with two cash registers and a handful of employees; it's now grown to have 11 cash registers and more than 100 workers. The popular shop celebrated its fifth major expansion on Thursday, welcoming hundreds of customers to check out the new space and new deals. 'Everybody was really excited,' said Tamara McKay, social media and PR manager for the market. 'It's amazing in there.' Lineup The Gateway Meat Market celebrated its expansion on Thursday. (Source: Carl Pomeroy/CTV News Atlantic) McKay said their store now has roughly 26,000 square feet of space; the original store has 17,000 square feet. More to come… For more Nova Scotia news, visit our dedicated provincial page
Forbes
8 hours ago
- Business
- Forbes
Succession Planning: Joint CEOs At World's Second-Biggest Airport Retailer
Frédéric Chevalier: 'Our direction is clear: to continue creating value for our partners, and ... More memorable retail and dining experiences for travelers.' France's Lagardère Travel Retail (LTR), the world's second biggest airport retailer after Avolta, is creating a joint-CEO leadership structure. Effective, July 1, the current deputy CEO will step up to run the organization alongside existing long-time leader Dag Rasmussen, signalling a succession process and his possible departure or shift to full-time chairmanship of the retailer. The move has come on the recommendation of Rasmussen—almost 14 years at the helm—and Arnaud Lagardère, the chairman and CEO of the almost $10 billion turnover (€8.9 billion*) media-to-retail Lagardère Group whose ultimate parent is Louis Hachette Group, which has a stake of just over 66%. LTR is the bigger of two divisions by turnover at Lagardère Group, contributing revenue of $6.3 billion versus $3.1 billion from Lagardère Publishing (FY2024 data). However, in terms of operating performance the latter business does better, delivering almost 60% of Lagardère Group's Ebitda, the rest coming from LTR. This year LTR has seen major developments in South America and South Africa, and keeping control of further expansion will be a priority. In his new role, Chevalier will be responsible for overseeing worldwide operations in 51 countries, with the company's executive committee reporting directly to him. He has been with LTR for almost 20 years, joining in 2006 as vice president of strategy and development, and has been consistently promoted upwards since then. According to Arnaud Lagardère, Chevalier was 'a key architect' of the structural integration of the company's three business lines—travel essentials, duty-free and fashion, and dining—considered to be vital in implementing LTR's long-term strategy, and in winning new business. LTR's chairman and CEO, Rasmussen, said in a statement: 'Frédéric's in-depth knowledge of our business and his strong leadership make him uniquely qualified to lead the next phase of our journey. He embodies our commitment to operational excellence and to our founding principles. I know that in his new role he will drive our strategy with clarity, ambition and a deep sense of responsibility toward our teams, our partners, and our shareholders.' Dag Inge Rasmussen: 'Frédéric's in-depth knowledge of our business and his strong leadership make ... More him uniquely qualified to lead the next phase of our journey.' (Photo by Christophe Morin/IP3/Getty Images) Chevalier, commented: 'While staying consistent in our strategy, we must remain agile, responsive and willing to adapt to change. Our direction is clear: to continue creating value for our partners, and memorable retail and dining experiences for travelers.' This year at LTR, operations and frontline staff will see renewed focus. Earlier in June, LTR decided to accelerate its digital plans with the international roll-out of TeamUp, an all-in-one app designed to enhance operational activity and facilitate communication between frontline teams. Developed in partnership with Yoobic, founded in 2014 by three brothers, Fabrice, Avi and Gilles Haïat, the TeamUp solution was initially rolled out in Switzerland and has now been introduced to LTR's teams in Britain, Belgium, Italy and North America, connecting more than 2,800 employees. Charlotte Delmas, LTR's chief operational performance officer and regional COO for Europe, said: 'TeamUp gives our field staff a voice, connects them to the business, and helps them execute better every day. By modernizing and digitizing communication with our store teams, we make working at Lagardère Travel Retail more attractive and engaging—essential in today's challenging recruitment landscape.' The joint-CEO decision indicates an extended handover, with Rasmussen possibly stepping down in the coming months. LTR did not comment on this when asked, or say whether a new deputy CEO would be appointed. It might also be a question of the resources needed, both to drive forward business development and beef up operations, and also increase profitability. Over the past decade, LTR's revenue has almost tripled, though some of this has been through acquisition. Meanwhile, Ebit as a percentage of revenue has gone from 2.9% in 2015 to 5.2% in 2024. While moving in the right direction, this is below Avolta's EBIT margin of approximately 6.7% last year. In the last year, LTR has strengthened its regional footprints; in Europe alone it has won or retained key contracts in Frankfurt, Hamburg, Belfast, and Nice, and was selected as a joint venture partner to operate duty-free at Amsterdam's Schiphol Airport, with departing in April. This momentum, the company says, reflects the strength of the company's development strategy and effective operational execution—and it looks like its succession process will ensure this continues. One of Lagardère Travel Retail's most recent openings was in Lima Airport, Peru.
Yahoo
9 hours ago
- Business
- Yahoo
Aleph Hospitality takes over management of 26 ONOMO hotels
Lifestyle hotel group African Hotel Development has entered a management agreement with Aleph Hospitality for 26 ONOMO-branded hotels across 14 African countries. This decision aligns with the company's strategy to concentrate on brand development and asset management while aiming to double Onomo's scale within the next five years. Aleph Hospitality founder and managing director Bani Haddad said: 'This partnership allows us to scale our operations and further enhance efficiency across markets. 'We are proud to be selected as the operator of Onomo Hotels and are committed to delivering exceptional value for all stakeholders — guests, owners, teams, and partners alike.' The agreement with Dubai-based Aleph Hospitality marks a significant expansion for both companies. This move not only doubles Aleph Hospitality's portfolio but also sets it on course to achieve its target of managing 50 hotels by the end of this year. The deal solidifies Aleph's position as an independent hotel management company in the Middle East and Africa and is in line with African Hotel Development's business realignment strategy. African Hotel Development CEO Julien Renaud said: 'The direction we are taking with Aleph Hospitality reflects our strategic decision to separate operations from ownership and brand development. 'By delegating hotel operations to a trusted partner, we retain full strategic control over the future of the Onomo brand while creating the conditions for faster growth and premiumisation.' Aleph Hospitality will enhance its operations in more than ten African countries, launching four new regional offices and initiating cluster operations in several key markets such as Kenya and Morocco. Haddad added: 'Africa represents one of the most dynamic and promising hospitality markets in the world today and has been at the core of our growth strategy. 'We're proud to further deepen our presence and bring our unique management approach to more communities across Africa.' Earlier this year, Aleph Hospitality expanded its portfolio by signing a management agreement for the hotel tower at The Address in Accra, Ghana. This marked the second partnership between Aleph Hospitality and DevtracoPlus, part of the Devtraco Group in Ghana. "Aleph Hospitality takes over management of 26 ONOMO hotels" was originally created and published by Hotel Management Network, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site.
