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MILAN – Kering chief executive officer Luca de Meo is expected to meet Italian unions on Feb. 5 to discuss the future of the Alexander McQueen company in the country. “To reach break even,…
Malaysia’s AirAsia X targets US$500 million to US$600 million in debt restructuring after the budget airline this week bought the short-haul aviation business of Capital A, deputy…
Agrichemicals firm FMC said on Friday (Dec 12) that its board has approved a restructuring plan, aimed at cutting costs, shutting down high-cost plants and shifting production to…
Dick’s Sporting Goods, which posted third quarter results on Tuesday, is making changes at its operation. Dick’s said on Tuesday that it has named Matthew Barnes as president of Foot…
Square Enix, the Japanese video game giant behind megahit “Final Fantasy” among other titles, is laying off an unknown number of employees in its North America and European publishing…
Nissan Motor said on Thursday it has concluded a 97 billion yen (S$840 million) trust beneficiary rights transfer agreement to sell and leaseback its global headquarters in Yokohama, Japan…
Australia’s ANZ warned on Friday that its earnings would take a hit of A$1.11 billion (S$937.5 million) after tax in the second half of fiscal 2025 due to charges related to restructuring,…
News spoke with restructuring expert Michael Appel of Appel Associates LLC to get his read on retail and the shoe industry against the backdrop of tariffs and what to expect in 2026.…
Tickrs Financial Singapore initiatives coverage on the stock with a ‘buy’ call and target price of S$0.525 Mainboard-listed construction and property development group Lum Chang has been…
The head of Ubisoft’s popular “Assassin’s Creed” video game franchise, Marc-Alexis Côté, has exited the French gaming giant amid the launch of its new subsidiary, Vantage Studios.…
MILAN – Aeffe shares plunged 43.34 percent to close at 0.25 euros on the Italian Stock Exchange on Friday. This followed Aeffe’s decision to proceed with filing an application for access…
The investment by the group and two of its investors gives them effective voting rights of 23.4 per cent in the lithium battery producer Investment management company Yangzijiang Financial…
On the heels of Starbucks’ recent announcement it will be cutting 900 corporate roles and closing 1% of its Northern American stores by the end of 2025 (after accounting for both new…
The company says its overall store count will drop by 1% during the 2025 fiscal year Starbucks said it will close stores and eliminate 900 jobs in a US$1 billion restructuring effort as…
Wegovy-maker Novo Nordisk will cut 9,000 jobs, or about 11.5 per cent of its workforce, in a restructuring to save eight billion Danish crowns (S$1.6 billion) annually, it said on…
Wegovy-maker Novo Nordisk will cut 9,000 jobs, or about 11.5 per cent of its workforce, in a restructuring to save eight billion Danish crowns (S$1.6 billion) annually, it said on…
The move marks the flag carrier’s return to normal business operations after it had accumulated more than 400 billion baht of debt in the lead-up to the pandemic Shares of Thai…
Intel is set to slash about 24,000 jobs—nearly a quarter of its global workforce—by the end of 2025 as part of a sweeping cost-cutting plan led by new CEO Lip-Bu Tan. The company also…
Stellantis said on Monday (Jul 21) it expected the hit from restructuring costs and the initial impact of US tariffs to have pushed the carmaker to a 2.3 billion euro (S$3.4 billion) loss…
Thai Airways International won court approval to exit a debt restructuring programme, paving the way for resumption of trading in its stocks after a four-year gap. The Central Bankruptcy…
Procter & Gamble said on Thursday (Jun 5) it would cut 7,000 jobs, or about 6 per cent, of its total workforce over the next two years, as the Tide detergent maker navigates uneven demand…
The reductions will primarily affect office-based positions in Sweden and represent around 15% of the total office-based workforce globally Sweden-based Volvo Cars said on Monday…
Late last year, Bell, Blackwell, and Aguilar decided to dust off the old playbook. They commissioned a legal memo that reiterated the power of the attorney general over the irrevocable…
Nissan Motor said it will post a net loss of as much as 750 billion yen (S$6.9 billion) for the fiscal year that ended in March as restructuring charges weigh on the struggling Japanese…
