Consumer & Healthcare
Samsung Biologics estimates US$100 million strike loss as unions press demands
About half of the company’s workforce of 2,861 employees have been on strike since Apr 28
A2 Milk recalls batches of US baby formula after toxin find
The global baby formula market has been buffeted by concerns over tainted products
GameStop offers to buy eBay for about US$56 billion
A potential deal would upend the usual M&A playbook, as it is rare for a company to target one nearly four times its size
As US brands stumble, China wins over young Indonesians
Chinese firms are now selling more of everything abroad, sending a tsunami of exports into every corner of the world, but especially to South-east Asia
Estee Lauder to cut 3,000 more jobs as CEO pushes overhaul
As many as 10,000 roles will now go, up from its previous target of 7,000 announced a year ago
Irregular payments occurred during former group financial controller’s stint: Vin’s Holdings
The automotive group is probing transactions made with an entity controlled by a former key executive officer
Prada first-quarter revenue rises 3%, driven by sales in Americas region
Group earnings are 1.3 billion euros, below analysts’ consensus of 1.4 billion euros
Parkway Life Reit Q1 DPU up 15.1% at S$0.0442 on higher Singapore hospital rents
Revenue falls 2.1% to S$38.2 million, dragging net property income down 2.7% to S$35.8 million
Pop Mart’s US sales fall 45% as it struggles to find next Labubu
Still, the cooldown matters because America has become the toymaker’s most important overseas market
‘We’re not a bubble tea brand’: Chagee aims to double Asia-Pacific footprint to 600 stores by 2027
Localisation and securing prime store locations are key priorities as the brand expands in the region, says its Apac CMO
