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Beijing Liyuan is said to be planning a sale of its 35% stake in its longstanding cosmetics joint venture with Japanese beauty firm Shiseido. This decision would conclude a partnership that has spanned more than thirty years. According to information…
Saks Global, a renowned luxury retailer, is inching closer to emerging from bankruptcy after a period of financial instability. The company’s reinvigoration has been fueled by securing new funds and successfully mending tenuous relationships with various…
Heineken’s chief executive officer, Dolf van den Brink, has announced that he will be relinquishing his position on May 31, putting an end to his near six-year tenure as the leader of the renowned Dutch brewer. Career Overview of an Esteemed Leader Van den…
TH Coffee Services Philippines Corporation, the Philippine operator of the Canadian coffee chain Tim Hortons, has quashed rumors that it plans to exit the Philippines market. These speculations came about after several customers observed store closures and a…
Sandeep Kataria, the Chief Executive Officer of Bata, has announced that he will be resigning from his role in September to seek fresh prospects. The departure will coincide with the appointment of Panos Mytaros as the corporation’s new Global CEO. Transition…
Indonesian ride-hailing and delivery company Gojek has announced it will stop operating in Vietnam starting Sept. 16 after 6 years in the market. – It said the decision, made by its parent company GoTo after assessing its market presence in Vietnam, aims to…
Indian motorbike maker Royal Enfield is pulling out of Vietnam after a disappointing four-year run. Al Naboodah International, the official distributor of the brand, said the decision was made since business results did not meet expectations. It said since…
Standard Chartered Plc plans to transfer its Thai retail-banking business to Thailand’s Tisco Financial Group Pcl next year, exiting an operation that the U.K. lender said lacked the scale to generate adequate returns. The net asset value is about 5.5 billion…
Ford’s dealers in Indonesia are now seeking to recoup their losses after the automaker said earlier this year it would close all operations in the country. Ford has been struggling to gain market share and to make some reasonable profits in Indonesia since…
Tesco’s in-store restaurant and cafe concepts may be doomed after the man heading the division exited the company this week. Analysts are interpreting the departure of Michael Holmes, who headed the Tesco food division, as an admission the concepts had…
