Consumer & Healthcare
Jollibee signs deal to buy South Korean hot pot chain for US$87 million
The company plans to spin off its business outside the Philippines and list it in the US
Amazon dethrones Walmart as world’s biggest company by sales
Both companies generate most of their revenue in the US
Walgreens cuts hundreds of jobs after private equity buyout
The pharmacy chain is also slowing down its store closures
New Walmart CEO begins tenure with cautious outlook after another quarter of steady sales
The retailer also announced a new US$30 billion share buyback plan
Pernod Ricard considers listing its India business
The company also owns domestically-produced brands, such as Blenders Pride and Royal Stag whisky
Hermes buyers ask US appeals court to reinstate Birkin handbag class action
The plaintiffs’ lawyer said that Hermes’ sales practices amount to “quintessential anticompetitive conduct”
7-Eleven bets on Australian stores to show it can grow globally
The Japanese convenience-store is aiming for 1,000 outlets in Australia by 2030
Carrefour CEO eyes higher profits under core markets refocus
Retailer aims for 3.2% operating margin by 2028 and 3.5% by 2030
Billionaire Henry Cheng’s units agree settlement with Hong Kong regulator
The SFC says that the settlement is in the public interest and underscored the need to comply with takeover rules
A family fights to keep control of 157-year-old firm in Japan
Nearly half of Japan’s listed companies are tied to a founding family, many of which no longer have enough equity to guarantee control
