LG rewires strategy before hitting IPO switch
Kolkata: Ahead of its public issue planned for the year-end, India’s largest home appliance manufacturer, LG Electronics, has started tightening its belt in the face of a decline in revenue in the first half of calendar 2025.
Cost-cutting has started, with LG in the process of reducing the number of in-store sales promoters in retail outlets and a message to the sales team to either perform or leave, three industry executives aware of the developments said.
