European Wax Center Has Appointed David Berg As CEO, Effective August 12, 2024
Portfolio Pulse from Benzinga Newsdesk
European Wax Center has appointed David Berg as CEO, effective August 12, 2024. The company is updating its financial guidance and reevaluating near-term development plans due to macroeconomic pressures.
August 14, 2024 | 3:05 pm
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European Wax Center has appointed David Berg as CEO, effective August 12, 2024. The company is updating its financial guidance and reevaluating near-term development plans due to macroeconomic pressures.
The appointment of a new CEO and the update to financial guidance are significant events for European Wax Center. However, the impact on the stock price in the short term is uncertain due to the mixed signals: leadership change could be positive, but macroeconomic pressures and revised guidance could be negative.
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