Tag: Business Operations
China – General Mills, Inc. has entered into a definitive agreement to sell its Häagen-Dazs shop business in mainland China to an investor group that includes Chinese tea brand operator Ningji. Under the agreement, the buyer will obtain an exclusive licence from General Mills to use the Häagen-Dazs brand...
In the report, it noted that advisers at Goldman Sachs are exploring strategic options for Burson, which could pave the way for an eventual sale.
Manila, Philippines – Modern Media Group Inc. (MMGI), a media subsidiary of AGC Power Holdings Corp. (AGC PHC), has announced the conclusion of the Nylon Manila franchise within its portfolio, marking a shift in its broader media strategy towards a more integrated, multi-platform approach. The company...
Manila, Philippines – Universal Robina Corporation (URC) is selling a 21% stake in its instant noodle joint venture, Nissin Universal Robina Corporation (NURC), to Nissin Foods Asia Co., Ltd. (NFA). Once completed, NFA will hold a 70% majority stake, leaving URC with 30%. The deal, approved by URC’s...
Manila, Philippines – British retailer Marks & Spencer, operated in the Philippines by Rustan Marketing Specialists Inc., has announced it will close all its stores in the country on 2 May 2026. As confirmed by STORES SPECIALISTS, INC., a wholly owned subsidiary of SSI Group Inc., in a BusinessWorld...
In an internal memo by Michael Sabban, president and CEO of Philtranco sent to employees on February 2, he stated that ‘serious business losses’ led to the company to shut down its operations–effective by March 30 this year.
Galetti said the restructuring reflects efforts first outlined in October to simplify Amazon’s organisational structure and reduce internal complexity.
This is consistent with a broader company drive toward efficiency and simplification amid ongoing industry headwinds.
A shareholder circular is scheduled for October, followed by full prospectuses roughly a week before the listing.
In the statement, they stated that said decision has not come lightly, and after much reflection, they have concluded that the combination of external market challenges and rising operational costs leaves them with no viable path forward.
