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In 2019, Taste Holdings restructured their operations to eliminate inefficiencie...
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In 2019, Taste Holdings restructured their operations to eliminate inefficiencies. Taste Holding’s six brands (The Fish & Chip Co, Maxi’s, Domino’s Pizza, NWJ, Arthur Kaplan and World’s Finest Watches) each had their own dedicated executive team. The respective executive team was responsible for implementing brand strategy and operational functions such as human resources and marketing, with little interference or interaction between the six brand divisions. Looking at the annual report of Taste Holdings, a few highlights are evident concerning the business, its activities, and its business environment. Taste Holdings’ executive team, with CEO Dylan Pienaar, made a difficult decision. They announced their exit out of the food business industry. Taste Holdings reported that its Starbucks stores are more expensive to set up and run compared to their competitors. Subsequently, they started the process to sell their food businesses, rebranded as Luxe, and will only be focussing on their luxury divisions - NWJ, Arthur Kaplan and World’s Finest Watches. However, in March 2020, just when the Covid-19 pandemic hit South Africa, Taste Holdings started to liquidate its food division as they could not find a buyer for Domino’s Pizza. The restructuring that Taste Holdings implemented in 2019, is an example of _____ interdependence coordination.
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