Procter & Gamble will halt business operations in Pakistan as part of its two-year restructuring plan, according to a news report. The Cincinnati-based consumer products giant has disclosed it plans to wind down its manufacturing and commercial activities in Pakistan and rely on third-party distributors to continue to serve customers in the country, according to Reuters. The Procter & Gamble world headquarters in downtown Cincinnati on Thursday, June 5, 2025. P&G exit part of restructuring The move come ...

(Bloomberg) -- The head of embattled Brazilian firm Ambipar Participacoes e Empreendimentos, along with a co-investor, appeared to lose their collateral in a debt issuance over the weekend when creditors’ representatives moved to seize their shares in a hydroelectric power company. Tércio Borlenghi Junior and his business associate Nelson Tanure had pledged shares of Empresa Metropolitana de Águas e Energia SA, or Emae, as collateral in a local bond issuance. A fund called Phoenix FIP, linked to Tanure, a ...

Exxon Mobil Corp. plans to cut about 2,000 jobs globally as the Texas oil company consolidates smaller offices into regional hubs as part of its long-term restructuring plan. The reductions represent about 3% to 4% of Exxon’s global workforce and are part of the company’s ongoing efficiency drive, Chief Executive Officer Darren Woods said in an memo to employees Tuesday. About half will be in the Europe and most of rest in Canada at Calgary-based Imperial Oil Ltd., which is nearly 70% owned by Exxon. Mos ...

Core Insights - American Rebel Holdings, Inc. has successfully resolved its default with Bank of America, eliminating legal risks and strengthening its balance sheet [1][2][6] - The company has consolidated its financing under a new long-term agreement with Streeterville Capital, enhancing operational flexibility and positioning for future growth [1][4][5] Financial Restructuring - The resolution of the default includes full repayment of the outstanding line of credit with Bank of America, which has closed all related litigation [6] - Foreclosure risks against Champion Safe Co. and other subsidiaries have been eliminated, protecting valuable assets [6] - The company has restructured its debt under a facility with Streeterville Capital, including a seven-year convertible exchange note with a principal balance of approximately $6.58 million maturing in June 2027 and a new $1.3 million convertible exchange note maturing in 2032 [6][10] Strategic Partnerships - American Rebel has built a strategic relationship with Streeterville Capital, completing multiple transactions since June 2025, including a $2 million investment in Damon Inc., which focuses on electric motorcycles [1][9] - The investment in Damon Inc. allows American Rebel to participate in secured creditor rights while maintaining operational flexibility [10] Operational Impact - The restructuring has lifted the burden of interest payments, allowing the company to allocate resources towards expanding its product portfolio, including safes, concealed carry gear, and American Rebel Beer [7][11] - The resolution of litigation and release of liens has strengthened the company's financial foundation, enhancing shareholder value and investor confidence [11]

Key Takeaways Citigroup agreed to sell a 25% stake in Banamex to Fernando Chico Pardo and his family.The sale supports Citigroup's exit from consumer banking in Mexico while focusing on institutional growth.Completion of the deal is expected in the second half of 2026, subject to regulatory approvals in Mexico.Citigroup Inc. (C) has taken a decisive step in its global restructuring efforts, announcing an agreement with a company wholly owned by Mexican business leader Fernando Chico Pardo and his family to ...

: Starbucks is taking what CEO Brian Niccol calls “significant action” to try to turn around its struggling business, announcing a new wave of store closures and corporate layoffs.Starbucks Reveals Hundreds of Store Closures in SeptemberThe coffee chain said on Thursday it will close hundreds of cafés this month, roughly 1% of its locations, as per a report. Starbucks had 18,734 North American stores at the end of June and expects to finish September with 18,300, according to a CNN report. The restructurin ...

Starbucks Corp. on Thursday announced it will close stores and eliminate 900 positions as part of a $1 billion restructuring initiative aimed at revitalising the coffee chain under Chief Executive Off... ...

Starbucks said on Thursday it has approved a restructuring plan to close underperforming coffee houses in North America, and cut some jobs as the company looks to revive sales and profits under CEO Br... ...

Spirit Airlines said it will furlough about one-third of its flight attendants as the budget carrier struggles to survive its second bankruptcy in less than a year. About 1,800 of Spirit's roughly 5,200 flight attendants will be affected, with involuntary furloughs set to take effect on December 1."As part of our ongoing restructuring, we are taking steps to align staffing with our fleet size and expected flight volume," the airline said in a statement to Business Insider. "We recognize the impact of this ...

Core Viewpoint - Procter & Gamble (P&G) is undergoing significant restructuring, including cutting 7,000 jobs by mid-2027, to address slowing sales and enhance productivity, with a focus on non-manufacturing roles and potential brand divestitures [2][7][5]. Group 1: Job Cuts and Restructuring - P&G plans to cut 7,000 jobs, representing 6.4% of its global workforce of 109,000 employees, primarily targeting non-manufacturing roles [2][5]. - The company aims to reduce jobs outside of its 99 factories worldwide by 15% as part of its restructuring efforts [2]. - The last major restructuring in 2012 involved cutting 5,700 workers, or over 4% of 129,000 employees at that time [8]. Group 2: Sales Performance and Market Strategy - P&G's organic sales growth has been stagnant, with only 1% to 2% growth per quarter since spring 2024, attributed to consumer spending cuts amid inflation and trade tensions [3][4]. - The company is reviewing its markets and product offerings, considering exiting underperforming categories and brands, particularly in international markets [20][21]. - P&G's core markets, including the U.S., China, Japan, Canada, and Western Europe, saw organic sales growth of 2%, while other markets lagged at 1% [20]. Group 3: Leadership Changes - A leadership transition is underway with Shailesh Jejurikar set to become the new CEO in January, which may lead to further executive departures [26][27]. - The restructuring is described as "surgical," focusing on rationalizing product and geographic mixes to enhance operational focus [23]. Group 4: Historical Context and Future Outlook - P&G has a history of significant job cuts and brand divestitures, having cut 37,000 jobs from buyouts and divestitures between 2011 and 2018 [13][12]. - The company is considering selling off brands, although specific details on which brands may be affected remain unclear [18][22].