The Profit
Use attributes for filter ! | |
First episode date | July 30, 2013 |
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Networks | CNBC |
Presented by | Marcus Lemonis |
Executive producer(s) | Amber Mazzola |
Cast | Marcus Lemonis |
Mar 12, 2019 | |
Reviews | www.imdb.com |
Genres | Reality Show |
Origin releas | July 30, 2013 –; 28 september 2021 |
Related shows | The Partner |
Episodes | EpisodesS08 E08 · Raise the RoofSep 28, 2021 S08 E07 · Claws and EffectSep 21, 2021 S08 E06 · A New Leash of LifeSep 14, 2021 View 45+ more |
Date of Reg. | |
Date of Upd. | |
ID | 1086698 |
About The Profit
Being the chairman and CEO of multibillion-dollar corporation Camping World takes up a lot of Marcus Lemonis' time. But when he's not running the company, he's searching for struggling businesses in need of cash. Lemonis tries to help turn each company around by offering cash for a piece of the business and a percentage of the profits. Now he's bringing that process to TV with this series, in which he puts millions of dollars of his own money on the line. Once he's working with the company, he does whatever is necessary to save the business and make a profit for himself -- even if it means firing the president. Although some of his changes could be considered radical, the companies should be willing to go along with them because in the last 10 years, Lemonis has successfully turned around more than 100 companies. To quote the not-so-humble Lemonis, "When I have skin in the game, my way is the only way your business will survive." … MORE
Dr Martens shares plunge after profit warning
... The Profit warning saw shares plunge by almost 25% early on Thursday...
Sam Altman: What on earth is happening at OpenAI?
... The Profit side would be led by the non-profit side, and there would be a cap imposed on the returns investors could earn...
Petrol retailers should cut price by 5p a litre, RAC says
... It also said The Profit on unleaded was double the average the supermarkets had been making since 2012...
Lawsuit accuses Abercrombie & Fitch of funding sex-trafficking operation
... The lawsuit accuses Abercrombie executives of turning a " blind eye" to his conduct because of The Profit he generated for the company having transformed it from a failing retailer into a billion-dollar brand...
Workers on voluntary Real Living Wage see 10% pay rise
... The alternative was to improve productivity by investing in technology, products, marketing, skills and management, and then using The Profit generated to increase wages, he said...
Fuel price rises push up cost of full tank by around £4
... But the RAC, representing drivers, said fuel retailers were not increasing The Profit they were making...
Supermarkets under pressure to explain high prices
... They have suggested that retailers may be failing to pass on savings and are banking The Profit instead...
U-turn over MP's cancelled Edinburgh Fringe show
... " The event will now go ahead as originally planned and The Stand has said it will donate its share of The Profit from the event to the Edinburgh Food Project charity...
Petrol retailers should cut price by 5p a litre, RAC says
By Vishala Sri-PathmaBusiness reporter
Petrol prices should be cut by 5p a litre by the biggest fuel retailers to reflect their lower wholesale costs, the RAC has said.
The motoring body also says that drivers have Not Yet felt the benefits of the government's 5p duty cut brought in Last Year .
The Price of oil spiked after Russia invaded Ukraine Last Year which lead to higher prices at the pumps for drivers.
But wholesale oil prices are now lower, with price per barrel nearly $20 less.
The RAC said the Big Four supermarkets were making The Most profits from Petrol - an average of 16p for every litre of unleaded fuel sold in October, and 12p for every litre of diesel. It also said The Profit on unleaded was double the average the supermarkets had been making since 2012. In response, Asda told The Bbc its prices were around 4p per litre cheaper than the UK average; Tesco, Sainsburys and Morrisons didn't comment.
Supermarkets have recently come Under Fire for their Petrol pricing following an investigation by The Competition and Markets Authority (CMA).
Fuel duty was cut by Chancellor Jeremy Hunt last March, but there were concerns it was not immediately reflected through lower pump prices.
The Investigation found The Cut had been passed on, but the CMA said increased profit margins cancelled out the benefit.
The watchdog found that weak competition meant supermarket margins on fuel had increased, resulting in extra costs for drivers. As a result, retailers agreed to Set Up a scheme to allow motorists to compare live fuel prices online.
Ukraine-Russia war pushing up prices
Oil prices jumped following Russia's invasion of Ukraine, with Brent crude hitting More Than $120 a barrel in June 2022.
Following that peak, oil prices Fell Back to a little above $70 a barrel in March this year amid concerns over weak demand.
However, recent months have seen oil prices climb again to around $90 a barrel as major oil producers like Saudi Arabia and Russia started to restrict output.
Despite this, wholesale prices still remain lower than Last Summer and this is why the RAC is calling on retailers to reflect the lower prices at the pumps.
RAC fuel spokesman Simon Williams said: " Drivers are still losing out massively when wholesale prices come down. But in Northern Ireland , where the supermarkets don't dominate fuel retailing, drivers are getting a fairer deal with a litre of unleaded costing 150p and diesel 157p - 5p less than the UK average. "
Source of news: bbc.com