Owners
Temu owner’s founder loses spot as China’s richest person after 18 days
COLIN Huang’s reign as China’s richest person only lasted about two weeks.A slump on Monday (Aug 26) in shares of PDD Holdings, the parent company of e-commerce giant Temu,...
Temu owner’s founder loses spot as China’s richest person after 18 days
COLIN Huang’s reign as China’s richest person only lasted about two weeks.A slump on Monday (Aug 26) in shares of PDD Holdings, the parent company of e-commerce giant Temu,...
Burger King owner’s sales hurt by deepening restaurant slump
RESTAURANT Brands International’s sales grew less than anticipated in the second quarter, the latest sign of consumer malaise hitting restaurants.
The company missed estimates for sales growth at restaurants open...
Chanel’s record dividend brings owners’ windfall to US$12 billion
THE billionaire family behind Chanel will have pocketed US$12.4 billion in payouts from the luxury brand’s earnings over the past three years, contributing to a massive increase in their...
US tells owners to stop driving older Nissan vehicles over airbag concerns
Owners of nearly 84,000 older Nissan vehicles in the United States equipped with recalled, unrepaired Takata airbags should immediately stop driving them due to a safety hazard, the US...
US sues to block Coach owner’s US$8.5 billion buyout of Versace parent
THE US Federal Trade Commission (FTC) said Monday it has sued to block fashion group Tapestry’s US$8.5 billion deal to buy Capri, which owns luxury brands including Michael Kors...
Singapore owner of Dali seeking from cargo owners their share of salvage costs in Baltimore bridge incident
OWNERS of cargo onboard the Singapore-flagged vessel Dali that hit and caused a Baltimore bridge to tumble have been asked by the shipowner to share the salvage costs, which...
Dali’s Singapore owner seeking share of salvage costs from cargo owners as Baltimore takes legal action
OWNERS of cargo onboard the Singapore-flagged vessel Dali that hit and caused a Baltimore bridge to tumble have been asked by the shipowner to share the salvage costs, which...