Officeworks

Restructuring · Asia

Fairprice is exiting its convenience store operations; Cold Storage brand will take over operation of these stores from July 1, 2026.

Restructuring · Asia

Samsung Biologics unionized workers voted to leave the Samsung Group United Union and form an independent labor union, following months of work-to-rule campaigns and strikes over pay and working conditions.

Restructuring · Asia

Pocket FM is shutting down its microdrama vertical (Pocket TV) to refocus on core audio drama content and international market expansion. This strategic pivot prioritizes profitability and precedes a planned public listing, reversing course from short-video format despite its popularity in India.

Restructuring · Asia

Fabzen Technologies (online gaming platform operating Ludo Empire, Callbreak Empire, Skill Patti Empire) has had an NCLT insolvency plea admitted against it by Paytm over unpaid digital advertising dues of ₹3.41 Cr. The company's business has been impacted by the Promotion and Regulation of Online Gaming Act 2025, which restricted real money gaming (RMG) operations.

Restructuring · Asia

Godiva Japan is negotiating with its banking syndicate to extend the repayment deadline on a $464 million leveraged buyout loan, indicating financial stress and operational challenges in the Japanese market.

Restructuring · Asia

Pratilipi has undergone strategic portfolio pivot away from digital-first media toward physical books and subscriptions. The Westland Books acquisition (2022) has become the second-largest revenue contributor and is projected to become the single largest by FY27-28. The startup shifted from user acquisition focus to subscriber retention model (90% of revenue from renewals). FY26 revenue expected ~₹188 Cr, with losses narrowed to ₹33-34 Cr in FY25 and company operationally cash-flow positive since mid-2024.