FULLBEAUTY Brands Holdings has completed a financial restructuring to emerge from chapter 11 bankruptcy with around $35m in new financing. The company has cleared approximately $900m of debt during the bankruptcy process. In January 2019, the fashion brand signed a comprehensive restructuring support agreement with its key stakeholders, including equity sponsors Apax Partners and Charlesbank…
Terence Coventry, from Gainsborough, Lincolnshire, was appointed the sole director of Alliance Traffic Services Ltd in April 2016 before he caused the company to enter into a factoring agreement a month later. The factoring agreement, which Coventry personally guaranteed, set out the terms where an independent finance company would buy Alliance Traffic Services invoices in…
CEDARHURST, N.Y., Feb. 08, 2019 (GLOBE NEWSWIRE) — The securities litigation law firm of Kuznicki Law PLLC issues the following notice on behalf of shareholders of the following publicly traded companies. Shareholders who purchased shares in these companies during the dates listed below are encouraged to contact the firm regarding possible appointment as lead plaintiff…
(Reuters) – Arconic said on Friday it would split into two companies and slashed its quarterly dividend by two-thirds, just weeks after the U.S. aluminum products maker spurned a buyout offer from Apollo Global Management. The company, formed following a split of Aloca Corp in 2016, plans to spin off one of its core divisions…
NEW YORK, Feb. 08, 2019 (GLOBE NEWSWIRE) — Levi & Korsinsky, LLP announces that class action lawsuits have commenced on behalf of shareholders of the following publicly-traded companies. Shareholders interested in serving as lead plaintiff have until the deadlines listed to petition the court and further details about the cases can be found at the…
Compared to the latest wind selling price (69c), we must eliminate 36c of cost from the capital recovery to make Medupi competitive with wind. This requires a 68% write-off of the asset value making a R131bn deficit in the Eskom balance sheet. As Jabu Mabuza said: Someone must pay. 5. The one basic truth There…
This press release was orginally distributed by SBWire Edison, NJ — (SBWIRE) — 02/08/2019 — A new business intelligence report released by HTF MI with title “Global Credit Settlement Market Size, Status and Forecast 2018-2025” has abilities to raise as the most significant market worldwide as it has remained playing a remarkable role in establishing…
We refer to the intimation made on January 28, 2019 for 15th Meeting of Committee of Creditors (COC) and would further like to inform you that the said meeting was conducted on February 02, January, 2019 to provide business and Corporate Insolvency Resolution Process (CIRP) updates and discussion was held between CoC members and the…
Mattel has revealed its fourth quarter financial results, in which Barbie and Hot Wheels were by far the companys strongest brands with highest full year gross sales. This also helped to offset the declines in its other brands such as Fisher-Price, Thomas and American Girl. The company reported a full year net sales of US$4.51…
Retirement planning People try to save as much as they can for retirement. However, most find that their efforts often fly out the window without a proper goal and plan. Creating an achievable long-term retirement plan is absolutely necessary. Likewise, its also important to learn the skills that will enable an individual to grow their…