Jardines has survived wars and market collapses. Can it survive the digital age?
For investors, a flood of rumours over the sale of assets – including properties, fast-food chains and car dealerships – can be disconcerting
[SINGAPORE] With a history spanning nearly two centuries tracing back to its roots as an opium trading house, Jardine Matheson has survived empires, wars and market collapses.
But can a venerable hong whose origins predate the modern corporate era survive the digital economy and fast-moving technological disruption?
Over the decades, Jardines has diversified into industries such as retail, motor vehicles, real estate and financial services. And it is currently undergoing a structural overhaul, shifting away from its traditional owner-operator model to become a return-focused investment company.
TRENDING NOW
Profit with purpose: Kim Choo Kueh Chang’s pivot from public listing to protecting heritage
Singapore Kitchen CEO, senior manager charged with alleged fraud, falsifying accounts; both to stay in jobs for now
Yeo’s, Tiger Beer and now Gardenia – flight of food manufacturing from Singapore might be just as planned
Should you sacrifice some CPF Life income in favour of ILPs? Tread carefully