Franchisees of Aussie Farmers Direct say they have zero faith in seeing any money owed to them by the business, as the administrators of the grocery delivery chain say winding up the company is the most viable option. The grocery delivery operator fell into voluntary administration in March and franchisees were left shell-shocked by an…
April 16 (Reuters) – Ideal Power Inc: * IDEAL POWER ANNOUNCES EXECUTIVE MANAGEMENT TEAM CHANGES AND CORPORATE RESTRUCTURING TO SUPPORT RECENT PROGRESS WITH PPSA AND B-TRAN TECHNOLOGIES * IDEAL POWER INC – EFFECTIVE TODAY, IDEAL POWER HAS REALIGNED INTO TWO SEPARATE OPERATING DIVISIONS; POWER CONVERSION SYSTEMS AND B-TRAN * IDEAL POWER INC – FORMER CHIEF…
Fladgate LLP has advised Alyssum Group Ltd and its principal subsidiary Fly Victor Ltd on its corporate restructuring. Victor is a leading on-demand B2C jet charter platform driving disruption across the private aviation industry. Launched in 2011, the companys B2C offering rewrote the jet charter rulebook with a fully-transparent, subscription-free, globally on-demand marketplace allowing members…
A Bon-Ton storefront. Courtesy Photo At press time, the bankruptcy court-approved auction for The Bon-Ton Stores Inc. on Monday was headed toward a liquidation. The company on Friday selected a bid by Hilco Merchant Resources and Gordon Brothers Retail Partners as the baseline for the court auction. The dollar amount of the bid was not…
One of his flagship restaurants closed after falling into administration, and the Jamies Italian division closed outlets in a bid to stem heavy losses. The UK Jamies Italian business was a sea of red ink, and Oliver had begged landlords of his underperforming restaurants to cut rents in an attempt to stop the chain going…
AUSTIN, Texas, April 16, 2018 (GLOBE NEWSWIRE) — Ideal Power Inc., (NASDAQ:IPWR), an innovative power conversion technology company, has announced new executive management team changes as part of a strategic restructuring to support operational progress with the companys two primary technologies. Effective today, Ideal Power has realigned into two separate operating divisions: Power Conversion Systems…
Nufarm has tapped three investment banks to help the company raise fresh debt worth $US450 million. It is understood UBS, Deutsche Bank and JPMorgan were in the market overnight, drumming up interest among US investors for the raising. Nufarm was seeking to raise $US450 million via the sale of senior unsecured notes. Proceeds were expected…
The allocation is “fair to all shareholders,” said founder Richard Elman. Noble Group will provide all shareholders with 15% in aggregate of the equity in New Noble provided the resolutions to approve the restructuring are passed at the special general meeting. “This simplified structure replaces the previous proposal to provide shareholders with 10% equity in New…
AUSTIN, Texas, April 16, 2018 (GLOBE NEWSWIRE) — Ideal Power Inc., (NASDAQ:IPWR), an innovative power conversion technology company, has announced new executive management team changes as part of a strategic restructuring to support operational progress with the companys two primary technologies. Effective today, Ideal Power has realigned into two separate operating divisions: Power Conversion Systems…
Creditors of The Bon-Ton Stores are looking to buy and liquidate the regional department store chain, which employs 20,000 workers. A rival investor group that includes two mall owners also hopes to buy The Bon-Ton Stores in a bankruptcy court-supervised auction Monday and keep the business alive, but faced a setback in court last week.…