Bloomberg Indonesia’s scandal-ridden flag carrier won praise from analysts for its leadership overhaul, with its new CEO getting support from a lieutenant who was among those criticising the airline’s accounting practices. The appointment of Deputy Chief Executive Officer Dony Oskaria, who will help run PT Garuda Indonesia alongside CEO Irfan Setiaputra, raised the expectation the state-backed company will be able …

Bloomberg Fairway Group Holdings Corp has gone bankrupt for the second time since 2016, overwhelmed by its lingering debt load and cutthroat price competition in the grocery business. The New York grocer filed for Chapter 11 bankruptcy with an agreement to sell five stores and a distribution facility to Village Super Market Inc, owner of 30 ShopRite supermarkets. The deal, …

Bloomberg Wm Morrison Supermarkets Plc is cutting thousands of managerial roles from its grocery stores across the UK in favour of increased shop-floor staff. The British grocer is changing the way stores are staffed in a bid to serve customers better as competition intensifies in the supermarket industry, Morrison said. The changes will result in the removal of about 3,000 …