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The companies are offering discounted packages, waived royalties and new concept formats.
The best way to survive this pandemic is to lend a helping hand. This is exactly what some companies and brands are doing right now. With a large increase in people inquiring about franchising, food and retail companies have revised their franchise ...
 
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Brooks Brothers survived two World Wars and the Great Depression.
Brooks Brothers, the 200-year-old company that dressed nearly every U.S. president, filed for bankruptcy protection Wednesday.It's the latest major clothing seller to be toppled by the coronavirus pandemic.Founded in New York in 1818, Brooks Brothers survived two world wars, the Great Depression ...
 
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The O Shopping Channel will cease operations by the end of the year.
The fate of beleaguered broadcast network ABS-CBN still hangs in the balance, with the renewal of its congressional franchise set to be decided upon at the House of Representatives this week. But as if it didn’t already have a lot on its ...
 
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The third telco has only built 300 of committed 1,300 cell towers.
Dito Telecommunity, the country’s third telecommunications player, will likely miss its deliverables during a technical audit scheduled for July 8, but insists it will push through with its commercial launch during the first quarter of 2021.During a Senate hearing on Wednesday, Dito’s ...
 
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Your investments should be anchored on rock solid convictions.
There is no one best investing strategy that works for everyone. Every strategy is unique because every investor has a different appetite for risk.Some people are conservative when it comes to investing in stocks. They wait for stock prices to fall before ...
 
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Some of the companies are boycotting all social media platforms, including Twitter.
The world’s biggest social media platform is facing a reckoning as more and more big-ticket companies have announced ad boycotts because of Facebook's hands-off policies on misinformation and hate speech. Also read: 8 Filipino Actors Who Married into High SocietyFacebook has refused to police ...
 
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The country earned a special citation in one of the world’s most comprehensive research on startups.
Manila’s startup ecosystem got a special citation in this year’s Global Startup Ecosystem Report (GSER) by Startup Genome. The city ranked 36th globally in GSER's inaugural ranking of the world’s top 100 emerging startup ecosystems.“Manila brims with entrepreneurial potential,” writer Sofia Kousa ...
 
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As BMW PH unveils the 2-Series Gran Coupe and F 900R Roadster Motorbike.
SMC Asia Car Distributors Corp. (SMCACDC) arranged a virtual press conference with members of the motoring media to announce the introduction of its BMW 2 Series Gran Coupe 4-door sedan and F 900 R roadster motorcycle last weekend. The virtual launch was ...
 
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SM will strengthen its digital tech initiatives because of the coronavirus pandemic.
Traditional retail has been one of the hardest-hit sectors of the coronavirus pandemic. With shopping malls and most other commercial estabishments closed for nearly three months, many establishments are strugglibg not just to earn profit but stay alive in the highly unpredictable ...
 
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The health and wellness company had been under financial pressure over the last few years.
This story was updated on June 25, 2020 to add a statement from the Philippines franchisee of GNC.The parent company of health and nutrition retail brand GNC has filed for Chapter 11 bankruptcy protection, blaming the coronavirus pandemic for its woes. Also read: What ...
 
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Lester Pimentel Ong owns 20 restaurants and 200 food stores.
Businessman and TV and film director Lester Pimentel Ong was broke and out of a job when the Asian Financial Crisis hit the Philippines in 1997. That’s when he decided to build his empire. Now, he owns 20 restaurants and 200 food ...
 
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First IPO of the year happened in the midst of a pandemic.
Despite the ongoing coronavirus pandemic that has crippled many businesses in the country and worldwide, Edgar “Injap” Sia bucked the odds and successfully listed his grocery venture on the Philippine Stock Exchange on Monday, June 15. MerryMart is the first initial public offering of ...
 
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The venture capitalist called his assertions “problematic.”
Katrina Razon, daughter of ports king Enrique Razon, has hit back at a newspaper columnist for what she called “problematic” assertions in one of his recent articles. In an open letter posted on her Twitter account, the Razon scion chided Victor Agustin of ...
 
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But the company has already reopened 76% of its store network.
Max’s Group Inc., (MGI) has taken a huge hit because of the coronavirus pandemic. Reporting its first quarter 2020 figures, the country’s largest casual dining restaurant group posted consolidated revenues of P2.72 billion for the three months of 2020, down 18.8 percent ...
 
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The entertainment clubs lease the facilities from a company owned by businessman Jolly Ting.
UPDATE (10 June 2020): Jolliville Holdings Corp has issued a statement about the closure of the bars and clubs. In a disclosure to the Philippine Stock Exchange on Wednesday, the company said the following statements in the Manila Standard report are false: ...
 
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The plan includes plant closures in Spain and Indonesia.
Nissan reported an annual net loss of 671.2 billion yen (about $6.2 billion or P315.3 billion) last year mainly due to sluggish sales in key markets worldwide. It’s the first loss for the Japanese automaker in 11 years and reportedly the largest ...
 
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It's the first company expected to go public this year,
Grocery retailer MerryMart Consumer Corp (PSE:MM) will be the first company that will go public this year after it recently obtained approvals from regulators to raise P1.59 billion in an initial public offering (IPO).MM will sell up to 1.59 billion new shares ...
 
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It’s the latest casualty of the coronavirus pandemic.
Hertz, a global car rental company that’s over 100 years old, filed for bankruptcy protection on Friday (May 22), ostensibly due to the effects of the coronavirus pandemic. It’s the latest large-scale company the virus has taken down in recent weeks. The Wall ...
 
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Samie Lim looks at the future of the franchising industry
With the government gradually easing the regulations to manage the spread of COVID-19, businesses and entrepreneurs are starting to gain hope in recovering from the impact of the pandemic. The franchising industry, in particular, has managed to stay alive and proactive through ...
 
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Total losses nearing P50 billion.
Philippine Airlines had already announced in its annual report that it lost P10.31 billion in 2019, its biggest loss in its corporate history. “Stiff competition, matched with ever-increasing costs, have caused the PAL Group to incur losses over the last three years,” the ...
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