Consumer & Healthcare
PepsiCo plans layoffs as it looks to wrap up Elliott talks
Companies have frequently requested staff to work from home in recent years ahead of layoffs
WongPartnership issues payment demand to United Food for S$358,000 in unpaid fees
Long-suspended company given up to Dec 17 to pay up or face legal proceedings
Ikea to ramp up US production as tariffs bite
The push for local production aims to support its expansion in the US, its second-biggest market, and the wider region
DFI Retail Group hikes dividend payout ratio to 70% in three-year plan
The group is targeting a compound annual growth rate of 11 to 15% for its underlying profit
Nike continues to shake up leadership team under CEO Elliott Hill
The world’s largest sportswear company has lost customers by leaning too hard on selling lifestyle sneakers
Prada completes Versace takeover after long courtship
Prada heir Lorenzo Bertelli will become executive chairman of Versace once the integration is complete
Trump administration backs Bayer’s bid to curb Roundup lawsuits
The company is facing more than 67,000 such lawsuits in US state and federal courts
South Korean President Lee calls for harsher penalties after Coupang data breach
The company’s CEO endures hours-long grilling for shocking data loss
Shein probed by Texas attorney general over labour practices, product safety
The company is headquartered in Singapore but sources most of its products from China, where it has several thousand suppliers
Popiah King’s new Tee Yih Jia factory has one of Asia’s largest, fully automated warehouses
The S$500 million facility has a solar panel system that generates enough power for about 315 four-room HDB flats for a year
