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GoTo, a prominent Indonesian ride-hailing firm, recently announced its first-ever quarterly net profit. This is a significant milestone for the company, which has seen strong revenue growth and increased cost control measures begin to pay dividends. The…
Starbucks has finally shown a surge in comparable sales growth, marking the first increase in nearly two years. This promising development suggests the early success of the renowned coffee company’s turnaround strategy. Turnaround Indicators The fourth…
Pandora, the Denmark-based jewellery manufacturer known for its charm bracelets, is considering a strategic overhaul of its operations in China due to a sustained downturn in sales, according to insider sources. These measures may include licensing its brand…
Nissan’s worsening performance has heaped pressure on Uchida, formerly Nissan’s China chief who became its third CEO since September, to come up with aggressive steps to revive the company. On Tuesday, Uchida, who was repeatedly heckled by shareholders, said…
Nok Air, a loss-ridden budget airline, has pledged to implement plans to revive its business, increasing income and overhauling flights to prevent delays that have damaged the carrier’s image. The turnaround is set to start in the final quarter this year,…
China Unicom, the country’s second largest mobile carrier by subscribers, is expecting a gradual turnaround as soon as next year after the company reported its largest slump in first-half net profit since 2000. Unicom chairman and CEO Wang Xiaochu said “a…
AirAsia group is on track with its turnaround plans and fund raising exercise for both Indonesia and Philippines units, according to Public Invest Research. It said on Friday yield is expected to improve towards the end of the year and the low-cost carrier is…
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