THE following stocks may be in focus on Monday:Singapore Exchange (SGX): The SGX said on Friday it is allowing companies with controversial dual-class share structures to have their first, primary listing here. The SGX is also getting ready to raise funds for potential acquisitions.Pacific Radiance: The offshore and marine group said on Friday it is asking holders of its S$100 million medium-term notes to swap their notes for fresh equity, in a bid to restructure its debt.Roxy-pacific Holdings: Roxy-pacific and the group managing director of Tong Eng Group, Teo Tong Lim, have joined hands to acquire a residential leasehold site in the Upper Bukit Timah area for S$102.75 million, it said on Friday.Ipco International: A shake-up has been set in motion at Ipco International, with long-time executive director Carlson Smith ousted during an extraordinary general meeting on Jan 19 requisitioned by Ipco's new investor James Blythman. … [Read more...] about Stocks to watch: SGX, Pacific Radiance, Roxy-Pacific, Ipco International
International
Internal documents reveal that Whole Foods is leaving some shelves empty on purpose
Whole Foods stores across the country are suffering from product shortages that are leading to empty shelves. In the past, if a Whole Foods store ran out of a specific product, employees would fill the hole on the shelf by putting another item – typically one of the store’s top sellers – in its place. The grocery industry calls this practice a “face over” or “re-facing.” That way, even when stores are short on products, the shelves still appear well-stocked and organised. But under an inventory system called order-to-shelf, or OTS, Whole Foods has banned that practice – leaving what one employee described as “gaping holes” on store shelves. “Never ‘face over’ or cover holes,” the company instructs employees in a 42-page internal manual reviewed by Business Insider. The document describes standard operating procedures for order-to-shelf. The system also bans the use of “temporarily out” … [Read more...] about Internal documents reveal that Whole Foods is leaving some shelves empty on purpose
Shuffle Board: GFG Names Co-CEOs, Walmart International Gains CEO, Louis Vuitton Veteran Exits
Global Fashion Group (GFG), a London-based fashion e-commerce company, named Christoph Barchewitz and Patrick Schmidt as its new co-chief executive officers, effective Feb. 1. In their new roles, Barchewitz and Schmidt will oversee the operational development of GFG and work closely with GFG’s regional businesses, including Dafiti (Latin America) and Lamoda (Russia & CIS). They will succeed former CEO Romain Voog, who stepped down from his role. GFG also appointed Georgi Ganev, CEO of digital branding company Kinnevik, to its board of directors. Ganev, who has served as Kinnevik’s CEO since the beginning of the month, previously held the title of CEO at Dustin, a Scandinavian IT product e-commerce company, for five years. Nike promoted Dirk-Jan “DJ” van Hameren to the role of vice president and chief merchandising officer. In his new role, van Hameren will be responsible for Nike’s Global Marketing organization and … [Read more...] about Shuffle Board: GFG Names Co-CEOs, Walmart International Gains CEO, Louis Vuitton Veteran Exits
‘Subway is dying’: The biggest chain in the world is being torn apart by internal battles — and some franchisees say there needs to be a new CEO
Subway is in crisis. National sales and traffic figures dropped in 2017, according to multiple people with knowledge of the situation, marking the chain’s fourth consecutive year of declining sales. The sandwich chain’s US store count fell by 909, losing almost three times as many locations as the year before. One franchisee estimated that up to one-third of Subway’s locations could be unprofitable, citing internal conversations and national sales numbers. As trends change, Subway struggles to attract customers as a compelling healthy option – especially after scandals surrounding former spokesperson Jared Fogle. However, conversations with more than 30 current and former franchisees, employees, and others with knowledge of Subway’s current predicament revealed problems that went beyond larger restaurant-industry trends. According to insiders, the factors driving customers away from the chain are deeply tied to internal conflicts within the company. With … [Read more...] about ‘Subway is dying’: The biggest chain in the world is being torn apart by internal battles — and some franchisees say there needs to be a new CEO
Meet Roger Frampton, the international model and personal trainer who chooses stretches over weights and ‘can teach you to move like a 3-year-old’
33-year-old model and personal trainer Roger Frampton is chiselled, bright-eyed, and, surprisingly, even more handsome in real life than his photos suggest. But when we met after January’s London Fashion Week Men’s wrapped up, it was not to discuss his good looks nor his international modelling career. Instead, it was to talk about his new book “The Flexible Body.” For many people stretching is an after thought, one that all too many of us forget – or can’t be bothered – to do before or after a workout. But for Frampton, it forms one of the main bases of his workout, which he terms “The Method.” “The best description of what I’m doing is teaching people to move how they moved when they were three years old,” he told Business Insider. His book, released in January, promises to get you moving like you used to by spending just 10 minutes a day working through a sequence of movements based on a combination of stretches … [Read more...] about Meet Roger Frampton, the international model and personal trainer who chooses stretches over weights and ‘can teach you to move like a 3-year-old’