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The legendary luxury retailer will undergo a restructuring, and is pursuing a sale.
Barneys New York, the much-loved luxury retailer, has filed for Chapter 11 bankruptcy and is pursuing a sale.As a part of its restructuring, Barneys has also announced plans to close 15 of its 22 locations. Its department stores in Beverly Hills, San ...
 
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News outlets have reported that Don Quijote has expressed interest in opening in countries such as Indonesia, Malaysia, and the Philippines.
A favorite stopover and shopping spot of tourists when in Japan, Don Quijote is gearing up for an Asian expansion to boost sales. After successful launches of its first branches in Bangkok this February and Hong Kong in July, parent company Pan ...
 
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“The acquisition of the Coffee Bean & Tea Leaf brand will be JFC’s largest and most multinational so far with business presence in 27 countries,” according to Tony Tan Caktiong
After acquiring Tim Ho Wan for $33.5 million and U.S.-based Mexican food concept Tortas Frontera for $12.4 million in 2018, Jollibee Foods Corporation is continuing its buying spree. Today, the thriving Filipino fast-food chain announced that it will be completely acquiring U.S. ...
 
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Through Frances Valentine, the label Kate founded three years ago, her friends have vowed to keep her spirit—and aesthetic—alive.
Kate Spade forged the rarest kind of namesake brand—one that made people who bought one of her boxy bags or polka-dot dresses feel as if they'd borrowed a bit the designer's own energy and personal style. So when Spade died last year at ...
 
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Geoff Mabasa scored the deal on the TV show The Final Pitch.
The Final Pitch is essentially the Filipino version of American reality TV program Shark Tank, where local startup founders compete in challenges in order to secure funding from investor-judges. On its third season, one of the show’s big winners was Gypsy, a ...
 
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The daughter of taipan Lucio Tan takes her places as OIC of the national airline.
Philippine Airlines (PAL) stalwart Jaime Bautista has stepped down as the head of the flag carrier to “spend more time with his family,” according to a June 18, 2019 report published by the Philippine Daily Inquirer. Bautista joined the company in 1993 ...
 
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Mikee Romero's company is now the majority shareholder of the Philippine unit of the region's leading low-cost airline.
F&S Holdings Inc. has acquired an additional 28.8 percent of shares in Air Asia Inc., upping its total shares from 15.7 percent to 44.5 percent and making it the majority shareholder of the company that owns and manages the Philippine affiliate of ...
 
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JG DEV aims to support the region's next round of unicorns.
In its bid to ride on the growing startup ecosystem in the region, diversified listed conglomerate JG Summit Holdings Inc. (JGHI) has launched its own venture capital (VC) firm, Friday, May 10, with fresh funding worth $50 million or more than P2.6 ...
 
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Loop's founder is the guy who first sold metal straws.
It all started two Christmases ago when people began giving each other stainless steel tubes wrapped in muslin with matching cleaners to boot. Back then, metal straws catered to the niche market of individuals who wanted to cut down on waste or ...
 
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Will the waived fees wash away the robust financial growth Manila Water has sustained over the last seven years?
It's been almost a month since many households in Metro Manila's East Zone have had their water supply cut off.Though water service has now returned in most areas—Ayala Corporation Chairman Jaime Augusto Zobel de Ayala  has said Manila Water’s eight to 12-hour ...
 
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Four of the 300 outstanding business and industry leaders on the list are from the Philippines.
Four Filipinos made the exclusive 30 Under 30 Asia list curated by U.S. business magazine Forbes for 2019.“If you think millennials and Gen-Z are just building businesses for the short-term gain, think again,” wrote Rana Wehbe, editor of the 30 Under 30 ...
 
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Your dream of working in Japan can soon be a reality.
Your dream of working in your favorite anime studio or Japanese gaming company, whether they're based in Tokyo, Kyoto or wherever else in Japan, can soon be a reality.Selected Filipino professionals can now officially work in Japan and get the chance to ...
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