Analysts say, this exercise, of strategic value, will help improve the company’s sales in the U.S. In a significant development, Japan’s Mitsubishi Aircraft Corp rebranded its MRJ family jets, which will now be called “SpaceJet” and unveiled a redesigned version… Read More ›
Chewy is expanding its footprint into an industry which has historically held up well in economic downturns. Pet products retailer Chewy Inc stated, it had priced its initial public offering at $22 per share, above its target, and had sold… Read More ›
The bicycle industry has been identified as a key industry in China’s current five-year plan and its Made in China 2025 initiative. Thus it is very likely that the state-backed producers would return to selling them at high volumes and… Read More ›
Realigning of supply chain outside of China is important for companies looking to escape the U.S.-China trade war. In a significant development Foxconn, the world’s largest contract electronics assembler, disclosed it has enough producing capacity outside of China to meet… Read More ›
Footwear maker Crocs Inc to cut sourcing sourcing U.S. products from China to 10% in 2020, down from 30%. In a significant development, footwear maker Crocs Inc stated, it aims to cut the amount of U.S. products that it sources… Read More ›
For Nestle, Britain represents its 5th biggest market. In a significant development, Swiss food giant Nestle’s European chief Marco Settembri disclosed, Brexit will have a “very limited effect” on its British business. “We don’t see any disruption in the business,”… Read More ›
This appears to be a tactical retreat. Amazon is very much interested in the food delivery business. In a significant development that underscores the intensity of the competition existing in the food delivery business, Amazon.com Inc stated it will end… Read More ›
China’s foreign ministry said on Tuesday that it would take firm measures in response to any possible measures by the United States which would escalate the ongoing trade war between the two countries. The Chinese statement followed threats from the… Read More ›
The Swiss drugmaker’s board is seeing some reshuffles, including on at its diagnostics business, which had been held by Michael Heuer on an interim basis. On Tuesday, Swiss drugmaker Roche announced changes to its board and executive leadership. Longtime director… Read More ›
The total amount recovered by Brazil’s state-controlled oil company so far amounts to nearly 828 million reais, shows the securities filing. According to a securities filing late on Monday, Brazil’s state-controlled oil company Petroleo Brasileiro SA disclosed, it has received… Read More ›
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