Storing up cash might have been necessary during the bleak winter hibernation of Covid-19, but the buzz of activists presages the spring-like onset of the ‘recovery era’.
In this exclusive interview, Yang Xu of Kraft Heinz asks Douglas Tropp of Booking Holdings about his journey in responding to heightened liquidity concerns triggered by Covid-19, as well as how the firm effectively restructured its debt.
After approval of one of Standard Chartered’s corporate clients in China for a multi-currency cash pooling pilot for multinationals, the bank has become the first and only foreign institution to cooperate in this initiative.