Creditors have accepted a restructuring plan from celebrity chef Jamie Oliver which will mean 12 of his restaurants will close. The closures are part of a Company Voluntary Arrangement (CVA), which will allow the Italian chain to secure rent reductions on the remaining estate as well as close down unprofitable stores. Around 200 jobs are…
Dr M.S. Sahoo, chairperson of Insolvency and Bankruptcy Board of India. Photo: Indranil Bhoumik/Mint New Delhi: Sending out a strong message, Insolvency and Bankruptcy Board of India (IBBI) chairperson M.S. Sahoo on Saturday said insolvency resolution professionals should not look for ready-made solutions and desist from overcharging for their services. Against the backdrop of concerns…
Insolvency Law Committee in place to address concerns raised by IBC: PP Chaudhary New Delhi, Feb 10 (KNN) The Ministry Has has constituted Insolvency Law Committee (ILC) vide order dated 16.11.2017 with a view to examine the suggestions received regarding provisions of Insolvency and Bankruptcy Code, 2016 (Code), P.P. Chaudhary, Minister of State for…
Jamie Oliver will close a third of his 35 struggling Italian restaurantsALAMY When Jamie Oliver started his Italian restaurant chain in 2008 it was the realisation of a teenage dream. The celebrity chef may have been born and bred in Essex, but he always had a passion for Italian food and wanted Jamies Italian to…
SAN RAMON, Calif., Feb. 10, 2018 /PRNewswire/ — A survey revealed that respondents’ top financial goal in 2018 was to save for a vacation. Is that so bad? Understandable, at least we all would like to get away. But is going on vacation or other kinds of fun and leisure forbidden when you’re in debt? That depends…