Bidvest restructuring nearly done after exit from car rental business and sale of Mumbai airport stake – News24

Restructuring

Bidvest is disposing of its car rental business Bidvest Trading and distribution group Bidvest has reported a trading profit increase, as its “portfolio clean-up” nears its conclusion. The company, which owns brands like Waltons and Cellini Luggage, also has pharmaceutical, industrial, financial services, freight, travel, and automotive businesses. It began its restructuring process with the…

Successful Closing of the Financial Restructuring of Europcar Mobility Group1: the Group Opens a New Chapter in Its History, With Renewed Ambitions – Business Wire

Restructuring

PARIS–(BUSINESS WIRE)–Regulatory News: Europcar Mobility Group2 (Paris:EUCAR) announces today the finalization of its balance sheet restructuring, thanks to the successful completion of the final steps of the accelerated financial safeguard plan approved by the Paris Commercial Court on February 3rd, 2021. This will enable the Group to accelerate the implementation of Connect, its strategic roadmap,…

Penfolds owner Treasury Wines axes 60 jobs in China – The Australian Financial Review

Restructuring

Chief executive Tim Ford said on Friday that restructuring in China had followed the provisional tariffs imposed by the government in Beijing. The introduction of provisional measures imposed on Australian wines by the Chinese government as part of its investigations, which remain ongoing, have required TWE to adjust our operating model in China, he said.…

Akamai Restructuring Big On Security, Edge Tech & Cost – The Taiwan Times

Restructuring

Akamai Technologies Indias global content delivery network, cybersecurity, and cloud service company has announced a major restructuring plan. Under the plan announced, Akamai is realigning into two business groups Security and Edge Technology, effective March 1st, 2021. These two groups will be driven and supported by a single Global Sales unit. Overall, the Akamai restructuring…

Ruby Tuesday Emerges from Voluntary Chapter 11 Restructuring | Business | valdostadailytimes.com – Valdosta Daily Times

Restructuring

MARYVILLE, Tenn.–(BUSINESS WIRE)–Feb 24, 2021– Ruby Tuesday today announces its successful emergence from bankruptcy. A Delaware bankruptcy judge confirmed the casual dining restaurant chains Chapter 11 plan of reorganization on February 17. The company had sought bankruptcy protection on October 7, 2020. The bankruptcy allowed Ruby Tuesday to shed liabilities, including leases from closed locations…