CJ Groups restaurant business unit CJ Foodville has sold its flagship coffeehouse chain A Twosome Place as part of the its business restructuring to Hong Kong-based private equity firm Anchor Equity Partners, the firm confirmed Wednesday. The sale involved 45 percent stake held by CJ Foodville in A Twosome Place for 202.5 billion won ($173.3…
US broadcast giant iHeartMedia has successfully completed its restructuring process, significantly reducing its debt from $16.1billion to $5.75bn. Alongside the completion of the restructuring, and in accordance with its Plan of Reorganization, iHeartMedia and Clear Channel Outdoor Holdings have now fully separated, creating two independent publicly-traded companies. Clear Channel Outdoor Holdings shares will continue to…
By Sato . May 1, 2019 . 7:15am Capcom announced today that it is restructuring its eSports and media licensing business units under a new entity called Capcom Media Ventures (CMV). From here on out, Capcom Media Ventures will manage all of the companys global eSports initiatives outside of Japan. This includes the Capcom Pro…
Natus Medical (NASDAQ:BABY) continued its restructuring, which resulted in an ugly first quarter. Fortunately, with expectations low, investors were able to shrug it off in hopes that the medical device maker will be able to come out the other side a better company. Natus Medical results: The raw numbers Metric Q1 2019 Q1 2018 Year-Over-Year…
Industrial products group 3M said it plans to shed jobs globally as it restructures the business, and reduced this years earnings guidance after it reported first-quarter earnings that missed Wall Street expectations. The conglomerate, whose products range from Post-it notes and Magic Tape to the reflective material for road signs, pointed to slowing economic conditions…
3M slashed its full-year earnings outlook and announced a restructuring plan. The company saw sales slump in several key businesses. Shares were down 8% early Thursday. Watch 3M trade live. 3M shares tumbled 8% on Thursday morning after the company slashed its outlook and announced restructuring efforts after seeing sluggish sales in key end markets.…
SAP CEO McDermott with SAP CFO Mucic The last couple years, SAP earnings reports have had that tantalizing/frustrating pick your own narrative quality. Narrative 1 A software giant struggles to evolve into a modern SaaS business Narrative 2 A forward-thinking innovator continues a multi-year cloud transformation, bolstered by SaaS acquisitions You can certainly pick your…
The flagship convenience store business is humming, with revenues surging 29.8 per cent in 2019 to 3.776 trillion. This segment still punches above its weight from a group perspective, and provides the lions share of operating profits (about 80 per cent) while accounting for just over half of total revenues. Same-store sales growth in Japan…
Bengaluru: In a major restructuring exercise, ride-hailing service Uber Technologies Inc. has appointed Pierre-Dimitri Gore-Coty to take charge of the companys Asia-Pacific rides business, the IPO-bound startup said on Wednesday. Gore-Coty will also continue in his current role, leading the rides teams across Europe, Middle East and Africa. Amit Jain, who started the rides business…
SAP raised its operating profit outlook on Wednesday as Europes largest software groups quarterly cloud revenue exceeded 1.5bn for the first time, up 45 per cent from the same period a year earlier. The German business software group took a hit from restructuring costs as well as other acquisition-related and share-based bonus charges, announced earlier,…