“This year, the threshold to make the Hurun China 500 was US$5bn, up 39% from last year and more than double that of two years ago. At this rate, the cut-off might well be closer to US$10bn in five years.”“Which companies are up and which are down tell the story of the ...
KFC Indonesia shuttered over 47 outlets and laid off over 2274 employees after massive losses in 2024. In its financial report, FAST disclosed that in the first nine months of this year, the company reduced its operational store count to 715 from the 2023 figure of 762. Its workforce has al...
Fallen leaves ; How and why once-mighty companies fell off the BT Top 25 list.Suman LayakE. Kumar Sharma
In 2008, the firm discovered that Motrin was not properly dissolving when swallowed. Rather than issue a recall and incur the associated negative publicity, the firm sent secret shoppers out to buy the products off store shelves, which resulted in a lawsuit in Oregon in 2011. While its objecti...
Seeking to regain an edge in the fiercely competitive grocery industry, Supervalu off-loaded five of its retail chains in March 2013, selling Acme, Albertsons, Jewel-Osco, Shaw’s, and Star Market to a Cerberus-led investor group. No wonder, considering that operations at that collection of ...
Legendary CEO Steve Jobs didn't invent any of the machines that made Apple a household name, but he and his design team made them infinitely better. Apple didn't invent the personal computer, but the intuitive icon-based interface on the original Apple Macintosh blew the doors off the ...
First, they have increased their focus on immediate cash generation by OFSE companies—a trend that has only intensified as many emerge from bankruptcy. Second, they are discounting terminal value from traditional oil and gas operations. In this environment, companies will need to strive for ...
In late August,Snap announced it laid off 20% of its workforce, which equates to over 1,000 employees. SnapCEO Evan Spiegel told employees in a memo that the company needs to restructure its business to deal with its financial challenges. He said the company's current year-over-year reven...
“ Happy Meals ” , because lawmakers believe it attracts children to unhealthy food, suggests that fast-food companies will have to continue trying something new.The changes facing fast-food companiesCheaper fast food (2)to more-|||-customers in an economic decline.-|||-Better(1 )of past ...
When Keith McMurtry, corporate controller ofScoular, a 124-year-old US grain-trading and storage company, was asked by his chief executive to wire $17.2m to an offshore bank account, he did not question it. Chuck Elsea told Mr McMurtry in a top-secret email that Scoular was in talks ...