In this year of coronavirus and stay-at-home orders, quite a few companies in the retail sector have declared bankruptcy, including Modells, J. Crew, Neiman Marcus and the parent company of Mens Wearhouse. Just because a company declared bankruptcy doesnt mean its going out of business; bankruptcy is often used by companies to reorganize their debts…
SINGAPORE (THE BUSINESS TIMES) – Keppel Corporation, which owns a 40 per cent stake in upstream oil and gas company KrisEnergy, on Sunday (Aug 30) said it is prepared to support the final restructuring proposal of the debt-hit firm. In a bourse filing, Keppel Corp said it has evaluated KrisEnergy’s debt workout plan, which it…
China says it has struck agreements with half of the 20 low-income nations that have requested debt restructurings as part of their efforts to tackle the coronavirus pandemic. Work on this is progressing well, the Chinese foreign ministry said, adding that the World Bank and major developed nations still held most of the debt of…
ATLANTA The Coca-Cola Co. is reorganizing, reducing its number of operating units from 17 to 9 and creating a platform services group. Platform services is intended to improve scale and expertise throughout the nine new operating units. We have been on a multi-year journey to transform our organization, said chairman and chief executive officer James…