Norwegian clean energy company Horisont Energi is about to wrap up corporate restructuring, transferring all rights and obligations related to clean ammonia, CO2 transportation and storage, and CO2 infrastructure into three separate and wholly-owned subsidiaries. Courtesy of Horisont Energi The corporate restructuring was proposed on December 22, 2023, at the extraordinary general meeting. In a…
TikToks plan to cut hundreds of jobs was revealed on the same day that the EU announced an investigation into the company over potential DSA breaches. TikToks global restructuring efforts are being felt in Ireland, as the company plans to cut a number of Irish jobs as a result. The company has not confirmed how…
Asahi recently announced its FY2023 full-year financial results, reporting 6.8% year-on-year growth in revenue to JPY2.77tn (US$18.4bn) and 3.9% year-on-year growth in core operating profits to JPY263.7bn (US$1.75bn). The firm attributed the revenue growth to unit sales price increases and premiumisation. Asahi conducted a wide-scale restructuring of its business governance in 2022, including the establishment…
Asahi recently announced its FY2023 full-year financial results, reporting 6.8% year-on-year growth in revenue to JPY2.77tn (US$18.4bn) and 3.9% year-on-year growth in core operating profits to JPY263.7bn (US$1.75bn). The firm attributed the revenue growth to unit sales price increases and premiumisation. Asahi recently completed a wide-scale restructuring of its business governance, establishing a six-person Executive…
The Body Shop was founded in 1976 by Anita Roddick The UK arm of The Body Shop, the near 50-year-old cosmetics company renowned for ethical hair and skin products, has entered administration, administrators said Tuesday, placing thousands of jobs at risk. The retailer has appointed experts from FRP Advisory to oversee administration — a UK…
Turnaround & Restructuring | Finance Services | Deloitte New Zealand Please enable JavaScript to view the site. Contact Us Submit RFP Supporting your business to reduce risk and maximise value Navigating the pressures associated with change, whether thats due to growth or stress, is key to sustainable performance of a business. Our team works with…
Jones Day has been called in to act as the lead law firm on the administration of The Body Shops UK business. A cross-practice team led by London restructuring partner David Harding is working with administrators FRP Advisory to rescue the business, which employs more than 2,000 people in the UK and has around…
Lehto Group Plc’s Unexpected Financial Shift: A Tale of Delayed Reports and Restructuring Advertisment In an unexpected turn of events, Lehto Group Plc, a prominent player in the Finnish construction industry, announced a significant delay in the release of their 2023 financial statement bulletin. The news, which broke on February 15, 2024, sent ripples through…
Wesfarmers has welcomed improving digital performance, with its OnePass membership program growing and losses from its troubled Catch operating shrinking. Wesfarmers OneDigital operation home to its OnePass digital membership business contributed strongly across the companys retail businesses, according to managing director Rob Scott. Scott told the company’s half-year results briefing that OnePass had undergone significant…
Reuters. Trinseo (NYSE: NYSE:), a global materials company, discussed its fourth-quarter earnings, outlining several strategic actions taken to mitigate the challenges of a tough year and setting the stage for a potential rebound in 2024. The company announced restructuring efforts, including the closure of a facility in the Netherlands and the consolidation of its European…