The Walt Disney Company (“Disney”) is one of the most advantaged consumer entertainment companies in the world, with unrivaled global scale, irreplaceable brands, and opportunities to monetize its intellectual property (“IP”) better than its peers by leveraging the Disney “flywheel” (e.g., networks, theme parks, consumer products, etc.). As such, Trian believes that Disney is well … Continued
Read Full ArticleUnilever PLC (“Unilever”) is one of the world’s largest consumer companies, with strong franchises in both developed and emerging markets. Unilever has unrivaled global distribution and scale, with sales in over 190 countries and 2.5 billion consumers reached every day, a portfolio of iconic brands in attractive consumer staple categories and 23 brands that generate … Continued
Read Full ArticleJanus Henderson Group plc (“Janus Henderson”) is a global asset manager providing active investment products in equities, fixed income, quantitative equities, multi-asset, and alternatives. As of September 30, 2022, Janus Henderson had approximately US$275 billion in assets under management. Trian reported its investment in Janus Henderson on October 2, 2020. Trian’s Chief Investment Officer and … Continued
Read Full ArticleWith over $1.6tn in assets under management (“AUM”) as of December 31, 2021, Invesco Ltd. (“Invesco”) is a global asset manager providing both active and passive investment products in equities, fixed income, multi-asset, and alternatives. Trian reported its investment in Invesco on October 2, 2020. From November 5, 2020 until February 1, 2022, Nelson Peltz … Continued
Read Full ArticleTrian announced its investment in Comcast Corporation (“Comcast”) on September 21, 2020. At that time, Trian believed Comcast’s stock was undervalued. Comcast is a global information technology company with three primary businesses: Comcast Cable, NBCUniversal and Sky Group. Each of Comcast’s businesses are leaders in their respective industries. In May 2022, Trian announced it had … Continued
Read Full ArticleFerguson plc (“Ferguson”) is a leading distributor of plumbing and heating, ventilation and air conditioning products in North America. On June 13, 2019, Trian announced its investment in the shares of Ferguson plc (LSE: FERG.L). Trian invested in Ferguson because we believe Ferguson has an attractive business model, competitive advantages due to its scale of … Continued
Read Full ArticlePPG is a global manufacturer of paints and coatings with a diversified portfolio of products across consumer and industrial end markets. Coatings is one of the most attractive sub-segments within chemicals on account of its significant addressable market, rapidly consolidating industry landscape, resilient margins and highly value-add product lines. In early October 2018, Trian announced … Continued
Read Full ArticlenVent Electric plc (“nVent”) is a global provider in electrical connection and protection solutions. nVent trades on the New York Stock Exchange under the symbol “NVT.” nVent was created as a result of a tax free spin-off from Pentair plc, a former Trian portfolio company, and became a standalone publicly-traded company on April 30, 2018. … Continued
Read Full ArticleDr Pepper Snapple Group (“DPS”) is a one of North America’s leading refreshment beverage companies, marketing more than 50 brands of carbonated soft drinks, juices, teas, mixers, waters and other premium beverages. In May 2008, DPS became a stand-alone, publicly traded company as the result of a spin-off by Cadbury. After the spin-off, Trian believed … Continued
Read Full ArticleThe Procter & Gamble Company (“P&G”) is a global consumer packaged goods company specializing in personal care products and cleaning agents. Among the company’s iconic brands are Tide laundry detergent, Crest toothpaste, Gillette razors and Pampers disposable baby diapers. Trian initiated its investment in P&G in November 2016, believing that the company fit the profile … Continued
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