Timeline: All the twists and turns from Couche-Tard's push to buy 7-Eleven's owner
The Laval, Que.-based business behind Circle K and Ingo has not had an easy time pursuing the acquisition of Japan-headquartered Seven & i Holdings Co. Ltd.
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Canada News.Net
3 hours ago
- Canada News.Net
Odisha CM inaugurates first-ever 'ODISHA TEX 2025' to boost textile investment, jobs
Bhubaneswar (Odisha) [India], July 25 (ANI): Odisha Chief Minister Mohan Charan Majhi on Friday said that 'Odisha is going to be the textile hub of Eastern India,' while inaugurating Odisha TEX 2025, Eastern India's largest textile and apparel industry event, organised by the Government of Odisha in Bhubaneswar. The landmark event marked a historic moment for India's textile sector, attracting over 650 delegates, including global brands, leading textile and apparel companies, investors, technology providers, startups, and senior government officials. Odisha TEX 2025 showcased the state's growing strength in textiles and apparel and its commitment to creating a world-class ecosystem for manufacturing, innovation, and employment generation. The event witnessed multiple strategic investment commitments from leading textile and apparel companies, promising to make Odisha a hub for apparel and technical textiles. A total of 33 MoUs were signed, unlocking investments worth Rs 7,808 crore and generating employment for over 53,300 people. More than 160 companies, including respected names like Page Industries, First Step Baby Wear, KPR Mills, Sportking, Adarsh Knitwear, Anubhav Apparels, Bon & Co., and BL International actively participated in the summit. Together, they represent the full spectrum of India's textile value chain from yarn and fabrics to finished garments and technical textiles. The key announcements and policy were the launch of two state-of-the-art Textile & Footwear Parks with plug-and-play facilities for global-standard manufacturing. The Introduction of modern Workers' Hostels to enhance industrial stability and MoUs for Skill Development, enabling youth especially women to gain expertise in automated garmenting, textile machinery, and wearable technologies. The Chief Minister, Majhi, also announced that the employment cost subsidies under the Odisha Technical Textile & Apparel Policy 2022 will be increased from Rs 5,000 to Rs 6,000 per month per male worker & from Rs 6,000 to Rs 7,000 per month per female worker. The Chief Minister also announced that Odisha Tex will be an annual event portraying Odisha's rich handloom legacy & the state foray into modern Textiles, Apparel & Technical Textiles Ecosystem. 'Odisha offers the most attractive incentive packages in the country under its Industrial Policy Resolution 2022 and the Odisha Apparel & Technical Textiles Policy 2022, backed by excellent infrastructure and governance,' said the CM Majhi. Announcing a dedicated Task Force under the Industries Department, the Chief Minister assured investors of fast-track implementation and full government support. He emphasised Odisha's ambitious vision to create over 1 lakh jobs in textiles and apparel by 2030, while expanding new textile clusters in Bolangir, Keonjhar, Sambalpur, Jatsinghpur, Ganjam, and Cuttack. 'Odisha TEX 2025 is not just an event; it is a declaration that Odisha is ready to lead Eastern India's textile revolution,' CM Majhi said. 'With world-class infrastructure, progressive policies, and a skilled workforce, we are creating unmatched opportunities for investors and livelihoods for our people.' Minister for Industries Sampad Chandra Swain stated, 'Odisha Tex 2025 marks a new era for Odisha's textiles industry bringing policies, fast-track approvals, world-class clusters, and China+1 sourcing opportunities. Backed by skill-linked courses and industry-ready talent, Odisha promises sustainable growth, regional development, and a seamless experience for investors through responsive governance and a dedicated task force. Odisha offers a unique competitive advantage from raw material availability to port connectivity and a supportive policy framework, making it the most attractive destination for textile and apparel investments.' Minister for Handloom, Textiles & Handicrafts Pradeep Bala Samant added, 'Our commitment is two-fold, driving modern textile investments while strengthening Odisha's rich handloom heritage. By prioritising the development of a robust textile ecosystem, empowering traditional weavers, and boosting market access, the government ensures inclusive growth. We congratulate the investors for partnering with us through MoU signings, shaping Odisha's textile future. (ANI)
Globe and Mail
4 hours ago
- Globe and Mail
eXp Realty Launches in Japan, Marking Fourth Global Market Entry in 2025
BELLINGHAM, Wash., July 25, 2025 (GLOBE NEWSWIRE) -- eXp Realty®, the largest independent real estate brokerage in the world and a core subsidiary of eXp World Holdings, Inc. (Nasdaq: EXPI), today announced its official expansion into Japan, marking the company's fourth international launch of the year, following Peru, Türkiye, and Ecuador. 'Agents in Japan have operated for years in a system that leaves little room for upside,' said Felix Bravo, Managing Director, International at eXp Realty. 'It's not about working harder, they already do. The problem is structural. Most models take too much and give too little in return. We're bringing a platform that flips that equation. Better economics, real ownership, worldwide leverage. That's what eXp is about.' To kick off the launch, eXp will host a live welcome event in Tokyo on October 2, 2025, where company leadership will share the vision, model, and what this moment means for agents ready to take control of their business. The Japan expansion strengthens eXp's presence across Asia Pacific and advances its 2030 goal of reaching 50,000 agents in countries outside the U.S. With the most scalable business model in real estate, eXp supports solo agents running lean, high-performing businesses as well as those building large international teams, providing the flexibility, ownership and reach to grow at any level. Ken Tanaka, a respected voice in Japan's real estate sector, will lead the new market. Tanaka brings decades of experience, a deep understanding of Japan's market dynamics, and a clear focus on helping agents thrive in a modern business environment. 'The Japanese real estate brokerage industry has long been slow to break away from outdated legacy models,' said Ken Tanaka, Country Leader of eXp Japan. 'eXp is a complete reset — a platform built for freedom, innovation, and growth. Here, agents build businesses on their own terms. Japan is ready for a future where the agent comes first.' What Sets eXp Realty Apart for Japanese Agents Agents ready to take control of their careers can learn more at About eXp World Holdings, Inc. eXp World Holdings, Inc. (Nasdaq: EXPI) is the holding company for eXp Realty® and SUCCESS® Enterprises. eXp Realty is the largest independent real estate brokerage in the world, with nearly 81,000 agents across 28 countries. As a cloud-based, agent-centric brokerage, eXp Realty provides industry-leading commission splits, revenue share, equity ownership, and a global network that empowers agents to build thriving businesses. For more information, visit SUCCESS® Enterprises, anchored by SUCCESS® Magazine, has been a trusted name in personal and professional development since 1897. As part of the eXp ecosystem, it offers agents access to valuable resources to enhance their skills, grow their businesses, and achieve long-term success. Visit for more. Safe Harbor and Forward-Looking Statements This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These statements reflect the Company's and its management's current expectations but involve known and unknown risks and uncertainties that could impact actual results materially. These statements include, but are not limited to, statements regarding international expansion, individual agent success, and the availability of equity ownership programs. Important factors that may cause actual results to differ materially and adversely from those expressed in forward-looking statements include real estate market fluctuations, changes in agent retention or recruitment, the Company's ability to expand successfully in international markets, competitive pressures, regulatory changes, and other risks detailed in the Company's filings with the SEC. We do not undertake any obligation to update these statements except as required by law. Investor Relations Contact Denise Garcia, Managing Partner Hayflower Partners investors@
CTV News
7 hours ago
- CTV News
Volkswagen cuts 2025 guidance after $US1.5 billion tariff hit in first-half
BERLIN — Volkswagen reported a 1.3-billion-euro (US$1.5-billion) first-half hit from tariffs and cut its full-year sales and profit margin forecasts in the German carmaker's first assessment of the damage from U.S. President Donald Trump's trade war. Global automakers have booked billions of dollars of losses and some issued profit warnings due to U.S. import tariffs. The European industry is also facing stiffening competition from China, and domestic regulations aimed at speeding up the electric-vehicle (EV) transition. Volkswagen, Europe's biggest carmaker, now expects this year's operating profit margin between four and five per cent, compared with a previously forecast 5.5 to 6.5 per cent range. Full-year sales, earlier forecast to rise by up to 5%, are expected to be level with the previous year. Volkswagen shares dropped after market open on Friday by as much as 4.6 per cent, before paring their losses and turning positive as the day progressed. They were up 2.5 per cent by mid-morning. Investors had largely anticipated a guidance cut, after the company held off on assessing the damage of tariffs in the previous quarter. CEO Oliver Blume told investors the company must intensify its cost-cutting efforts in response to the tariffs. 'We need to shift our cost efforts into high gear and accelerate implementation. After all, we cannot assume that the tariff situation is only temporary,' Blume said. Tariff response Volkswagen and its competitors are pressing European trade negotiators to strike a deal to reduce a 25 per cent punitive tariff they have faced since April. EU diplomats have indicated that the bloc could be moving towards a broad 15 per cent tariff as it seeks to avoid a 30 per cent levy from August 1. A deal struck between the U.S. and Japan earlier this week raised hopes for a similar agreement for Europe, boosting carmakers' shares. Volkswagen finance chief Arno Antlitz said the company's profit margin would roughly land in the middle of its guidance with a Japan-style deal, which had a 15 per cent tariff rate. He warned, however, that the clock was ticking on finding a deal. 'We are already in July, so the longer we go into the second half of the year, the more we tend to the lower end of the guidance,' he said. Antlitz declined to comment on price increases when pressed by investors on how the company planned to protect its margins against the tariffs. Volkswagen reported an operating profit of 3.8 billion euros in the quarter ended June 30, down 29 per cent on the previous year, citing tariffs and restructuring costs, as well as higher sales of lower-margin all-electric models. While Volkswagen was able to boost deliveries globally by 1.5 per cent in the first six months of 2025, the group saw a decline of almost 10 per cent in deliveries to the U.S. North America sales revenue accounted for 18.5 per cent of the carmaker's global sales in the first-half. Car sales data for June underpinned a broader slowdown in Europe's struggling auto sector - and showed Volkswagen among the laggards as the company undergoes a major overhaul to cut over 35,000 jobs by the end of the decade. Volkswagen Group includes VW's core-brand passenger cars as well as luxury brands Porsche and Audi, which are particularly exposed to Trump's tariffs given they have no production in the U.S. and rely heavily on exports. (Additional reporting by Maria Rugamer in Gdansk and Christina Amann in Berlin, Editing by Friederike Heine and Tomasz Janowski)
