Consumer & Healthcare
Lululemon settles dispute with founder by shaking up board
The company will add a former ESPN executive and sneaker maker On’s previous co-CEO as directors
IHH Healthcare Q1 net profit edges up 3% to RM528 million
Foreign currency translation differences set the group back by RM796 million during the quarter
Starbucks Korea top executives apologise as ‘Tank Day’ promotion boycott hits revenue
Police have launched an investigation after civic groups filed complaints
Starbucks scraps AI tool nine months after deployment over item-counting flops
Staff share internal feedback praising the change: ‘Thanks for discontinuing Automatic Counting!’
Nestle and Danone face fresh scrutiny over infant formula recalls
A toxin was detected in an ingredient supplied by China’s CABIO Biotech
London’s Global Healthcare Opportunities and Singapore-based CBC Group to merge creating investment giant: FT
The merger is expected to create a US$21 billion investor employing more than 200 professionals globally
QAF-owned Gardenia axes 141 staff in Singapore, shifts production to Johor Bahru
The city-state will still be the bread maker’s central hub, with about 250 employees
Coach owner Tapestry targets international markets for 70% of growth
[FASANO, Italy] Tapestry expects about 70 per cent of its growth over the next few years to come from international markets, with the Coach handbag owner’s expansion plans focused on China and Europe.
E-commerce giant Shein buys apparel brand Everlane: reports
The brand, known for its minimalistic, “quiet luxury” style, is a favourite of celebrities
‘Whole deck of cards just toppled’: FoodXervices’ Nichol Ng on how a 92-year-old family business unravelled – and what’s next
The company tried various ways to stay afloat, but revival plans collapsed
