restructuring

Retail Asia04/07/2022

Online entertainment company Yeah1 plans to buy a 51 percent stake in TV and radio company STV amid a major restructuring endeavor. The deal is set to be completed this quarter. STV, established in 2008, owns lifestyle TV channel StyleTV, stock and finance channel InfoTV and radio channel Joy FM. The deal was announced after […]

Retail Asia31/05/2021

Similar to rival Ant Group, Tencent has also been ordered to set up a holding company to contain its finance-related businesses. Regulators told Tencent to place its finance-related businesses into a new financial holdings company for better supervision, according to a Caixin report citing unnamed sources. This follows a report last month that said top financial regulators […]

Retail Asia22/01/2021

Thai Airways acting president Chansin Treenuchagron claims the airline is still on schedule with its debt rehabilitation plan. Thai Airways has until February 2nd to submit its plan to the Central Bankruptcy Court in Thailand after it was granted a one-month extension. In an attempt to save Thailand’s national airline from going under, the country’s […]

Retail Asia11/12/2019

Today, Larry Page and Sergey Brin, the co-founders of Google, announced that they would step down from their respective roles in Alphabet Inc., the parent company of the world’s largest search engine. Continuing forward, current Google CEO Sundar Pichai will take the chief executive officer position at Alphabet while retaining his role at Google. This […]

Retail Asia19/09/2019

UBS is going to revamp its investment banking unit along the lines of a wealth management business. The goal is to make the unit leaner and more global. Piero Novelli and Rob Karofsky are about to unveil their plans for a revamp of the investment banking business at UBS, according to media reports. The two managers have been […]

Retail Asia08/08/2019

Coles is powering ahead with plans for a more digitally-focused future by signing a long-term agreement with global technology services company Accenture. The partnership is part of Coles’ Smarter Selling initiative which is hoped will cut costs to the tune of $1 billion over the next four years through the rollout of new technology. As […]

Retail Asia08/09/2017

Toys R Us has appointed restructuring advisors as it struggles under a debt burden, suggesting it may be about to trim its store network. Neil Saunders says while the decision is not necessarily a sign of imminent bankruptcy, it is an indication the company is in “a very uncomfortable financial position”. “For a robust retailer, […]

Retail Asia04/05/2017

Coca-Cola’s sales declined in the first quarter as it restructured its business, and the world’s biggest beverage maker said it will cut 1,200 jobs starting later this year as it deepens its cost-cutting. The maker of Fanta, Sprite and Smartwater said the job cuts will come from its corporate staff around the world. That would […]

Retail Asia22/03/2017

Nokia has announced a restructuring of its mobile unit into two groups, focused on mobile networks and services respectively, in response to the planned departure of the company’s current mobile networks chief. The company said it will establish two units called Mobile Networks and Global Services respectively. The company’s current chief innovation and operating officer […]

Tag: restructuring

Yeah1 to buy TV firm amid restructuring

Tencent Ordered to Restructure Financial Units

Thai Airways Is On Track With Its Rescue Plan

Founders of Google announce a major corporate restructuring

UBS to Restructure Investment Bank

Coles partners with Accenture to cut costs

Toys R Us calls in restructuring advisors

Coca-Cola to restructure company and cut costs

Nokia announces major restructuring