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In a significant financial update, Japan’s Seven & i Holdings reported a 9.7% rise in operating profit for the quarter spanning March to May, surpassing analysts’ expectations due to stronger results from its international convenience store operations. The…
Loob Holding, parent of Malaysian bubble-tea chain Tealive, is preparing an IPO in Malaysia with a view to raising MYR300 million (US$72 million). The firm, which operates more than 200 food-and-beverage outlets in the territory, has reportedly hired advisors…
The national carrier Vietnam Airlines (UPCoM: HVN) has gained approval of the Hồ Chí Minh Stock Exchange (HoSE) to list its 1.4 billion shares on the southern bourse. The company will move to HoSE from the Unlisted Public Company Market (UPCoM) and the stock…
JAB Holding, the German owner of Krispy Kreme and Pret-a-Manger, has pledged to pay US$11.3 million to charity after the family-owned company’s ties to the Nazi party were revealed. The German newspaper uncovered a significant historical connection between…
Tealive parent Loob Holding, is planning an IPO to fund ‘aggressive expansion’. The company is looking to open 1000 Tealive stores in 15 countries by the end of next year. Along with another 150 new outlets in India by 2024. China is still its focus market,…
Thailand’s Berli Jucker shareholders have voted in favor of a $6.2 billion acquisition of hypermarket operator Big C Supercenter Pcl (BIGC.BK) from France’s Casino Group. Some 99.99 percent of voters approved the plan at Monday’s meeting, two financial…
