Police detain insolvency Latvian insolvency process administrators Krums and Spruds – The Baltic Course

The State Police have detained Trasta Komercbanka liquidator Ilmars Krums and another insolvency process administrator, Maris Spruds, sources tell LETA. Krums’ mobile phone is switched off. When LETA tried to call Spruds at his office, Spruds’ representative said that he was out of office and would be away on vacation for a couple of days,…

Greek president to Germany: Don’t let election affect stance on debt – Reuters

Greek President Prokopis Pavlopoulos urged German Finance Minister Wolfgang Schaeuble not to let domestic politics influence his decision on providing debt relief to Greece. Pavlopoulos told Die Welt newspaper in an interview published Friday that Greece had implemented pension cuts and tax reforms as promised, and Germany should also keep its promises and approve some…

Hudson’s Bay Company Lays Off Senior Management in Massive Restructuring – The Business of Fashion

NEW YORK, United States In February 2017, department store conglomerate Hudsons Bay Company (HBC) announced that it would reduce expenses by rationalising its corporate functions and overhead across North America. That means major layoffs: A restructuring of the organisation that would result in an estimated $30 million in severance-related charges. On Thursday, those layoffs occurred,…