The troubled online clothing retailer SurfStitch has sold action and extreme sport video business Garage Entertainment to the Madman Media Group for a loss. SurfStitch in 2015 paid $15 million in cash and shares for Garage and its assets including the acclaimed Australian documentary Bra Boys. The exact price paid by Madman wasnt revealed but…
NEW YORK, April 18, 2017 /PRNewswire/ — Teneo Holdings, the global CEO advisory firm, today announced that its Capital division (“Teneo Capital”) is expanding its Restructuring practice through the addition of several new team members. Teneo Restructuring advises debtors, creditors and key stakeholders in financial restructurings, distressed mergers and acquisitions, and other special situations, both…
Dive Brief: Hy-Vee recently announced it restructured corporate departments to focus on growth in its dedicated health and wellness sections, restaurant operations and information technology, according to a company release. The process will add 70 new staff positions in the weeks ahead. 50 of those jobs will go to Hy-Vees IT department, which will work…
Significant changes to the superannuation rules and the small business tax rate mean it’s worth paying a little extra attention at tax time this year. Here’s what any tax adviser worth their salt should be considering to help you reduce your tax bill and improve your savings. Make extra super contributions Major changes to super have…
BT Online Last Updated: April 17, 2017 | 15:56 IST The Indiabulls Real Estate stock rose up to 40 percent today after its board considered the restructuring of business via demerger. At 15:02 hours, the stock was trading 39.16 percent higher at Rs 147.30 level on the BSE. It closed 39.96 percent or 42.30 points higher at…
Shares of Indiabulls Real Estate surged as much as 28 per cent in Mondays trade after the company informed bourses that it is looking to reorganise existing business via demerger. The scrip was trading 26.83 per cent up at Rs 134.25 around 2.13 pm (IST). Shares of the company opened at Rs 108.10 and touched…
Debt consolidation is a helpful program in managing debt payments and National Debt Relief wants to help consumers understand what happens to it in case of a bankruptcy filing. The article titled “How Are Debt Consolidation Loans Handled In Bankruptcy?” and published March 29, 2017 points out how a debt consolidation loan would be treated…
Indiabulls Real Estates board has constituted a restructuring committee, comprising some of its directors and officers to consider, examine and evaluate the feasibility of and options to implement the aforementioned restructuring or reorganisation of the business of the company. Indiabulls Real Estate on Monday informed the bourses that its Board of Directors has considered the…
Indiabulls Real Estate hit a 52-week high of Rs 111, up 5% on BSE in early morning trade after the real estate developer said it will restructure the real estate business by demerging commercial and residential into separate companies. At 09:27 am; the stock was trading 2.6% higher at Rs 109, after hitting…