Details of sweeping changes at Ricoh Australia continue to surface, as managerial staff leave the business, several print dealer partnerships end and the Lanier brand, acquired in 2014, is retired. CRN understands that staff departure across both Ricoh and Lanier number around 70. The vendor revealed it had reduced its number of print resellers from…
The season of business restructuring, whether through mergers, spin-offs or initial public offering (IPO), is tightening its grip on corporate India. One of the focus areas this time are companies exploring business restructuring to unlock value, particularly for its banking and financial services (BFSI) vertical. Of late, Grasim, Reliance Capital and…
The Indian TV news channel New Delhi Television (NDTV) has fired several employees across the country. While some in the editorial staff say that the TV channel is shifting to MoJo (mobile Journalism), other sources said that the company is facing some financial stress. This comes close on the heels of a very public controversy…
* Unit had annual sales of around $300 mln * Louis Dreyfus planning series of divestments By Gus Trompiz PARIS, July 24 (Reuters) – Louis Dreyfus Company has agreed to sell its African fertilizer business to Helios Investment Partners, sealing the first of a series of divestments planned by Louis Dreyfus as it responds to…
* Unit had annual sales of around $300 mln * Louis Dreyfus planning series of divestments By Gus Trompiz PARIS, July 24 (Reuters) – Louis Dreyfus Company has agreed to sell its African fertilizer business to Helios Investment Partners, sealing the first of a series of divestments planned by Louis Dreyfus as it responds to…
Like other news broadcasters around the world, NDTV is reorganizing its newsroom and resources to focus on mobile journalism. NDTV has always been an early adapter of new technology – and we are the first major network in India whose reporters are all trained in using mobile phones to shoot stories. This is not just…
Sears Canada is striving to reinvent itself and entice customers. But every time it posts an ad promoting products on its Facebook site, the retailer is bombarded with angry comments. “No one cares!” wrote one person, commenting on a dishware ad. “As far as I’m concerned the whole company should go belly-up.” “Empty plates are what Sears ex-employees will…
Cynthia Trench Saturday 22 July 2017 The absence of a legal framework for bankruptcy has long been a hindrance to UAE business. In the past, financial problems spelled trouble for companies, as local courts could not be persuaded to offer a moratorium on debt, which would have given firms the chance to…
(Adds details related to agreement, advisor quotes) By Guillermo Parra-Bernal BOGOTA, July 22 (Reuters) – TPI Triunfo Participações & Investimentos SA and a pool of about 20 banks have agreed on terms to restructure 2.113 billion real ($672.6 million) of debt, giving the Brazilian infrastructure firm a lifeline to finalize projects and downsize gradually. The…
TPI Triunfo Participações & Investimentos SA and a pool of about 20 banks have agreed on terms to restructure 2.113 billion real ($672.6 million) of debt, giving the Brazilian infrastructure firm a lifeline to finalize projects and downsize gradually. The process will take place as an out-of-court workout, in which companies seek a limit on…