Bell Pottinger, the British public relations firm disgraced by accusations that it exploited racial faultlines in South Africa, is on the brink of collapse. The company is expected to go into administration part of the U.K.’s corporate insolvency process as early as next Monday, and a number of staff members have been told of their…
September 7, 2017 The board of edible oil maker Ruchi Soya Industries Ltd has set up a committee to explore business restructuring options, the company said in a statement. Ruchi Soya is considering internal restructuring options including creating subsidiaries for individual businesses within the company, and separating businesses into individual entities, the company said in…
ADMINISTRATORS for Ostwald Bros have revealed to The Chronicle the full list of creditors owed money. The list includes big names such as Wagners, IOR Petroleum, Ergon Energy, FKG Group, Caltex and Coates Hire. Staff are also believed to be owed about $4 million in redundancy payouts, but that number could climb if more workers…