Myer has rescued troubled fashion brands David Lawrence and Marcs, buying them out of administration in a deal that looks likely to cost jobs at both high-profile fashion labels. Staff from both brands were informed that the department store owner had bought the operations from parent company M Webster Holdings on Thursday morning. Play Video Don’t Play There’s no housing…
SIENA Monte dei Paschi di Siena is still negotiating with the European Commission how many jobs to cut in a radical restructuring plan that is a condition for a state rescue of the Italian bank, Chief Executive Marco Morelli said on Wednesday. Continue Reading Below The world’s oldest bank, whose troubles date back several years,…
Related Story: RSL SA boss and directors quit amid financial troubles The RSL South Australia has been placed into voluntary administration, but the league is vowing that services including Anzac Day commemorations will continue uninterrupted. RSL SA has been in financial trouble for months and several board members have resigned, along…
SCOTTSDALE, Ariz., April 12, 2017 /PRNewswire/ — Nuverra Environmental Solutions, Inc. (“Nuverra” or the “Company”) (NESC) announced today that it has entered into a Restructuring Support Agreement (“RSA” or the “agreement”) with the holders of more than 80% of the Company’s outstanding 12.50%/10.0% Senior Secured Second Lien Notes due 2021 (the “2021 Notes”) to complete…
FORT LAUDERDALE, Fla., April 12, 2017 (GLOBE NEWSWIRE) — Swisher Hygiene Inc. (the Company) today reports liquidation basis accounting for the nine-month period ended December 31, 2016. As previously announced, on August 12, 2016, the Securities and Exchange Commission (the SEC) granted the Companys request for no-action relief from filing future periodic reports under Section…
A logo of Monte dei Paschi di Siena bank is seen on the ground in Siena Thomson Reuters By Silvia Aloisi and Stefano Bernabei SIENA, Italy (Reuters) – Monte dei Paschi di Siena is still negotiating with the European Commission how many jobs to cut in a radical restructuring plan that is a condition for…
A Tulsa man arrested for using force or fear to steal a TV at Walmart has claimed to officials he did so because he owed money to the street gang the Irish Mob, an arrest affidavit says. John Wayne Usher, 24, was arrested by Cleveland Police Chief Clint Stout on Monday afternoon after he fled…
Over the past two years, shares in Ferrexpo(LSE: FXPO) have been on a wild ride. After peaking at a high of just under 500p during 2011, shares in the Ukrainian iron ore miner collapsed to a low of 16p at the end of 2015. But then, in what has to be one of the most…
EMMA ALLEN/FAIRFAX Te Mania Aberdeen Angus Stud is known for its annual sales. A well-known Canterbury stud will be allowed another chance at life after a drawn-out legal fight. Te Mania Aberdeen Angus Stud, stud cattle breeder, was established in 1928 by Edwin Wilding. His family has been involved ever since. But in 1997, the…