Bloomberg Universal Robina Corp’s instant coffee and noodles are flying off grocery shelves in the Philippines, but the lockdown in the main Luzon island is disrupting supply chains and limiting its ability to meet orders. The company’s CEO Irwin Lee described the last few weeks as “frenetic” for the JG Summit Holdings Inc’s unit, which has had to adapt to ...

Bloomberg True Religion Apparel Inc, once a fast-growing premium jeans brand, filed for bankruptcy in Delaware, its second Chapter 11 since 2017. The company, acquired by New York- and London-based investment management firm TowerBrook Capital Partners in 2013 for $824 million, lists assets and liabilities of as much as $500 million each in the petition. Founded in 2002 and headquartered ...

Bloomberg Swiss chocolate makers are offering price cuts in an attempt to stem weak demand during the key Easter season, as shoppers scoop up toilet paper and soup rather than tinfoil bunnies. Lindt & Spruengli is offering online price cuts of 30% on its entire Easter assortment. Laederach, another high-end chocolate chain, abandoned its practice of avoiding discounts this year. ...