Latest news with #internationalExpansion
CNA
30-06-2025
- Business
- CNA
Japan's Dai-ichi Life could double investment target to at least $4 billion
TOKYO :Japan's Dai-ichi Life could double its strategic investment target to at least 600 billion yen ($4.17 billion) in its next medium-term management plan, the life insurer's CEO said, as the company looks to expand internationally. Dai-ichi expects to accelerate its overseas investments after it acquired 15 per cent of UK insurer and asset manager M&G for around 160 billion yen in May, CEO Tetsuya Kikuta told Reuters in an interview. The firm joins a host of Japanese financial institutions spending big on overseas acquisitions in search of growth as Japan's domestic market shrinks. British firm Legal & General announced a tie-up with Meiji Yasuda in February, while Deutsche Bank's investment arm DWS is in talks to form a joint venture with Japan's largest insurer Nippon Life in India, Reuters reported in May. Dai-ichi's current medium-term strategy, which runs for three years until March 2027, had targeted 300 billion yen for strategic investment. Besides the M&G stake, the company has also invested around 100 billion yen in Australian finance group Challenger and upped its stake in UK hedge fund Capula Investment Management. Dai-ichi's next strategy period is yet to be finalised but may run for four years, Kikuta said. ($1 = 143.9800 yen)
Globe and Mail
26-06-2025
- Business
- Globe and Mail
Is Clorox's International Expansion Key to Its Long-Term Success?
The Clorox Company 's CLX international expansion is a critical lever for its long-term success, especially as growth in its mature domestic markets slows. Currently, international sales account for a relatively small portion of the company's total revenues, nearly 16%, highlighting significant untapped potential abroad. CLX is focusing more on scaling its presence in high-growth emerging markets, like Latin America and Asia, where rising middle-class populations and evolving hygiene habits align well with its core product categories. To succeed internationally, Clorox must balance brand recognition with pricing power, invest in localized product innovation and adapt to varied regulatory environments. Currency fluctuations, supply chain complexities and economic volatility in emerging markets further complicate its global push, demanding strategic agility and long-term commitment. The company aims to unlock greater potential in its International segment by building on the success of its Go Lean strategy, emphasizing product innovation and operational efficiency across key global markets. CLX's international sales declined 15% year over year in third-quarter fiscal 2025, mainly due to the impacts of the Argentina divestiture. However, excluding the impact of Argentina and a 3-point headwind from foreign exchange rates, the international segment posted organic sales growth of 2%, supported by a 1% increase in organic volume. We expect CLX's international segment's organic sales to increase 15% in the fourth quarter and 8.2% in fiscal 2025. Looking ahead, international expansion remains a promising pathway for Clorox to diversify revenue streams, reduce dependence on U.S. performance and unlock higher growth margins. With targeted investments and a disciplined approach, the company can position itself as a global consumer staples contender. In the long run, success abroad could be instrumental in driving both top-line growth and shareholder value. CLX's International Push: How PG, CL & CHD Vie to Stay Ahead As Clorox accelerates its international expansion, competitors like The Procter & Gamble Company PG, Colgate-Palmolive Company CL and Church & Dwight Co., Inc. CHD are stepping up efforts to protect their global footholds and stay ahead in the race for dominance. Procter & Gamble places a strong emphasis on enhancing its global footprint. The company's largest international markets are Greater China, the United Kingdom, Japan, Canada and Germany, and collectively contributed roughly 20% of its net sales in fiscal 2024. The company looks to strengthen its presence across the global markets by higher investments in localized marketing, constant product and brand innovations, strategic pricing, premiumization and distribution partnerships. Generating quite a significant portion of revenues from outside the United States, Colgate has a vast international presence with operations in more than 200 countries and territories. The company particularly targets high-growth emerging markets comprising Latin America, Asia and Africa, focusing on localized products and solid brand-building efforts. Colgate remains on track to introduce more global brands, premiumization and innovations to cater to the evolving consumer landscape and boost its global foothold. Church & Dwight continues to strengthen its market position through a robust brand portfolio, strategic pricing and innovation. Its International division was strong in the first quarter of 2025, with organic sales growing 5.8%, buoyed by higher volumes. Net sales rose 2.7%, reflecting broad-based growth across all the international subsidiaries. Key brands such as HERO, THERABREATH and WATERPIK led the performance, underscoring their global appeal and market strength. Church & Dwight is expanding globally by capitalizing on the momentum of its high-growth brands and tailoring marketing to regional demands. CLX's Price Performance, Valuation & Estimates Shares of Clorox have lost 26.3% year to date compared with the industry 's decline of 1.8%. From a valuation standpoint, CLX trades at a forward price-to-earnings ratio of 17.80X compared with the industry's average of 20.37X. The Zacks Consensus Estimate for CLX's fiscal 2025 earnings implies year-over-year growth of 14.9%, while that of fiscal 2026 shows a decline of 5.3%. The company's EPS estimate for fiscal 2025 and 2026 has been stable in the past 30 days. Clorox stock currently carries a Zacks Rank #3 (Hold). You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here. Research Chief Names "Single Best Pick to Double" From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all. This company targets millennial and Gen Z audiences, generating nearly $1 billion in revenue last quarter alone. A recent pullback makes now an ideal time to jump aboard. Of course, all our elite picks aren't winners but this one could far surpass earlier Zacks' Stocks Set to Double like Nano-X Imaging which shot up +129.6% in little more than 9 months. Free: See Our Top Stock And 4 Runners Up Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Procter & Gamble Company (The) (PG): Free Stock Analysis Report Colgate-Palmolive Company (CL): Free Stock Analysis Report The Clorox Company (CLX): Free Stock Analysis Report Church & Dwight Co., Inc. (CHD): Free Stock Analysis Report
Globe and Mail
09-06-2025
- Business
- Globe and Mail
Can TJX's Global Expansion Plan Unlock its Next Growth Phase?
As The TJX Companies, Inc. TJX maintains its stronghold in U.S. off-price retail, the spotlight is now turning to the global expansion strategy as a potential engine for long-term growth. On the first-quarter fiscal 2026 earnings call, TJX emphasized continued momentum in international markets, particularly in Europe, Canada and Australia, and a planned market entry into Spain in 2026 through its TK Maxx banner. Comparable sales in TJX International rose 5% during the quarter, with Australia singled out for 'outstanding' performance and TJX Canada also posting a solid 5% increase. The TJX Companies is also deepening footprint in emerging markets through the joint venture with Grupo Axo in Mexico and a strategic investment in Brands For Less, strengthening its presence in the Middle East. With a well-established global sourcing network spanning more than 100 countries and a highly flexible merchandising model, The TJX Companies appears well-positioned to replicate its U.S. success across geographies. Management reaffirmed that its off-price value proposition, branded goods at everyday low prices, resonates across customer demographics and international markets alike. These attributes, coupled with the brand's adaptability and treasure-hunt appeal, form the foundation for what could be The TJX Companies' next major growth chapter abroad. How Are BURL & COST Approaching Expansion Compared With TJX? While TJX is betting on international expansion for growth, both Burlington Stores, Inc. BURL and Costco Wholesale Corporation COST are scaling through different store expansion strategies. Burlington plans to open 100 net new stores in fiscal 2025, with additional momentum from acquiring 46 JOANN Fabrics leases for fiscal 2026. Burlington's strategy capitalizes on real estate availability and supports the Burlington 2.0 framework for long-term growth and store productivity. Costco is expanding its international footprint with nine warehouse openings during the third quarter of fiscal 2025, on track to reach 914 global locations. This expansion reflects Costco's broader strategy to enhance member experience, strengthen its global footprint and drive long-term value through continued investment in new locations and operational efficiency. TJX's Price Performance, Valuation and Estimates Shares of The TJX Companies have risen 9.6% in the past three months compared with the industry 's growth of 8.9%. From a valuation standpoint, TJX trades at a forward price-to-earnings ratio of 27.77X, below the industry's average of 33.53X. Image Source: Zacks Investment Research The Zacks Consensus Estimate for The TJX Companies' current fiscal-year sales and earnings per share implies year-over-year growth of 4.4% and 4.7%, respectively. TJX stock currently carries a Zacks Rank #3 (Hold). You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here. Zacks Names #1 Semiconductor Stock It's only 1/9,000th the size of NVIDIA which skyrocketed more than +800% since we recommended it. NVIDIA is still strong, but our new top chip stock has much more room to boom. With strong earnings growth and an expanding customer base, it's positioned to feed the rampant demand for Artificial Intelligence, Machine Learning, and Internet of Things. Global semiconductor manufacturing is projected to explode from $452 billion in 2021 to $803 billion by 2028. See This Stock Now for Free >> Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report The TJX Companies, Inc. (TJX): Free Stock Analysis Report Burlington Stores, Inc. (BURL): Free Stock Analysis Report
Bloomberg
06-06-2025
- Business
- Bloomberg
Airline Gol Makes International Push to Cut Brazil Risk After Chapter 11
By and Giovanna Bellotti Azevedo Save Brazilian airline Gol Linhas Aéreas Inteligentes SA is ramping up international expansion as part of a strategy to boost growth and reduce dependence on its home market after exiting Chapter 11, Chief Executive Officer Celso Ferrer said in an interview. The company wants a quarter of its business to come from outside the country to offset risks like currency fluctuations and fuel cost pressures, which led Gol and most of its major peers to seek protection from creditors in past few years. Azul SA, which was looking to merge with Gol, filed just last week.
Reuters
30-05-2025
- Business
- Reuters
India extends IndiGo's Turkish Airlines lease by just three months
NEW DELHI, May 30 (Reuters) - IndiGo's Turkish Airlines lease has been extended by three months, less than the six-month extension allowed under current rules, India's aviation regulator said on Friday, giving the Indian airline a temporary boost in its international expansion plans. There has been public pressure on the Indian government to review its business ties with Turkey after Ankara's support for Pakistan during a recent conflict with India, which sparked public anger and boycott of Turkish products, including chocolates, coffee and clothing. IndiGo was not immediately available for a comment on Friday. IndiGo has had a codeshare partnership with Turkish Airlines since 2018 and has used that pact to connect travelers from India to a growing number of destinations in Europe and the U.S. in the last few years, making Istanbul an important hub for India's largest domestic airline. Since 2023, Turkish has leased to IndiGo two Boeing 777 aircraft with pilots and some crew. The aircraft presently operates on the Delhi-Istanbul and Mumbai-Istanbul routes, allowing IndiGo to carry more passengers, compared with the narrowbodies it operated earlier. IndiGo has been leasing widebody aircraft to tide over aircraft delivery delays and expand internationally. The airline expects its first Airbus A350 by early 2027 and the long-range A321XLR this financial year. The agreement with Turkish has faced calls to be scrapped. Rival Air India has lobbied Indian officials to halt the leasing tie-up, citing the business impact as well as security concerns sparked by Turkish support for Pakistan, Reuters reported earlier this month. IndiGo has previously defended the Turkish partnership, saying it offers multiple benefits to Indian travelers and boosts aviation growth and jobs. The government's move to give an extension follows its announcement earlier this month revoking the security clearance of Turkish ground handling service firm Celebi, citing national security, inviting a lawsuit from the Indian arm of the Turkish firm.
