ManpowerGroup Agreed To Sell Its South Korea Business, Which Will Operate As A Manpower Franchise Henceforth
Portfolio Pulse from Benzinga Newsdesk
ManpowerGroup has agreed to sell its South Korea business, which will now operate as a Manpower franchise.
October 17, 2024 | 11:38 am
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ManpowerGroup has reached an agreement to sell its South Korea business, which will now operate as a franchise. This move could streamline operations and potentially improve profitability by reducing direct management responsibilities in South Korea.
The sale of the South Korea business allows ManpowerGroup to focus on its core operations while still maintaining a presence in the region through a franchise model. This could lead to cost savings and improved profitability, positively impacting the stock price.
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