South African food service firm Bidcorp to keep China business

  • 📰 ReutersAfrica
  • ⏱ Reading Time:
  • 37 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 18%
  • Publisher: 53%

Business News News

Business Business Latest News,Business Business Headlines

South Africa-based Bid Corporation Ltd (Bidcorp) told Reuters on Wednesday it was keeping its Greater China business, after Beijing eased some of the world's toughest COVID curbs.

told Reuters on Wednesday it was keeping its Greater China business, after Beijing eased some of the world's toughest COVID curbs.

The food services company's Chief Executive Bernard Berson said in an interview that Bidcorp had received unsolicited offers for its Chinese business during lockdown and had looked at these with an adviser "I think people assumed that our business was dead and that we're loss making and that we'd want to get rid of it," he said.in January, dismantling a final pillar of a zero-COVID-19 policy that had cut its 1.4 billion people off from the rest of the world.

"Had China stayed locked up and had they stuck to a 5 year COVID zero policy, locked off from the rest of the world, that might have changed the dynamics but that wasn't the situation we had to deal with," Berson said.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 31. in BUSÄ°NESS

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Bidcorp profit soars on resurgent hospitality industryFood services group says revenue in the six months to end-December exceeded the pre-Covid levels in all divisions and announces a hefty increase in its interim dividend
Source: BDliveSA - 🏆 12. / 63 Read more »