All the updated news related to corporate restructuring

All the news related to corporate restructuring updated in real time

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Starbucks lays off 1,100 corporate employees as coffee chain streamlines

Starbucks plans to lay off 1,100 corporate employees globally as new chairman and CEO Brian Niccol streamlines operations. In a letter to employees released on Monday, Mr Niccol said the company will inform employees who are being laid off by midday ...

24 Feb 2025 at 13:49

City

New Rio Tinto boss restructures mining firm’s operations

The new boss of Rio Tinto has launched a major restructure of the mining firm’s operations and leadership team. The Anglo-Australian company said it will review the future of two of its smaller divisions – borates, which supplies the detergent ...

27 Aug 2025 at 09:16

City

Boots splits off from Walgreens after private equity takeover

Pharmacy chain Boots has been spun off from US parent Walgreens Boots Alliance after its private equity takeover. On Thursday, US firm Sycamore Partners completed its 10 billion dollar (£7.4 billion) deal to buy Walgreens Boots Alliance. It ...

28 Aug 2025 at 14:44

City

Kraft Heinz to split in two ‘to unleash power of brands’

Food giant Kraft Heinz is to split in two in a bid to overcome struggles in recent years, a decade after it was formed in a mega-merger. The ketchup and baked beans maker confirmed the break-up on Tuesday after reports last week that it ...

02 Sept 2025 at 12:36

City

HSBC launches approach to take Hang Seng Bank private

Banking giant HSBC has unveiled plans to take its troubled Hong Kong-listed business Hang Seng Bank private in a deal valuing the subsidiary at 290 billion Hong Kong dollars (£27.9 billion). London-headquartered HSBC, which already ...

09 Oct 2025 at 09:31

City

Rimmel and Max Factor could be sold as owner Coty launches review

Beauty giant Coty has launched a strategic review of its consumer beauty division, which could see it sell off brands including Rimmel, Max Factor and Sally Hansen. The New York company said it is reviewing options for the ...

30 Sept 2025 at 16:23

City

Primark owner ABF reveals plan to spin off high street fashion chain

Associated British Foods (ABF) is to spin off its Primark retail business, breaking up one of the UK’s largest consumer businesses. It came as Primark highlighted weaker trading in April as pressure from Middle East ...

21 Apr 2026 at 08:43

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