NEW YORK and LONDON, Feb. 16, 2021 /PRNewswire/ –Teneo, the global CEO advisory firm, today announced a major expansion of its international consulting capabilities with an agreement to acquire the Restructuring Services business of Deloitte UK. Teneo is a portfolio company of funds advised by CVC Capital Partners, who are making an incremental equity investment…
Victoria Kay Leeds-based law firm Clarion has appointed a new legal director to its business restructuring and insolvency practice. Victoria Kay has experience acting on both bank-led and business-led restructuring work, acting for insolvency practitioners on formal insolvencies and advising businesses and directors on a range of financial distress related issues. She also has notable…
Australian supermarket and retail chain, the Coles Group, last week indefinitely extended the three-month lockout of workers at its Smeaton Grange warehouse in southwestern Sydney. This is part of an attempt by Coles, one of the countrys largest companies and employers, to satisfy the dictates of the global financial markets, which are demanding higher investment…
Renault Samsung Chief Executive Dominique Signora made the comments as the company struggles with lower vehicle sales and high labor and manufacturing costs TopicsRenault|Samsung|Automobile IANS | Seoul Last Updated at February 16, 2021 09:17 IST The chief of Renault Samsung Motors said on Tuesday that restructuring will be inevitable for the survival amid the prolonged…
Reforms to small business insolvency rules are designed to relieve the debt burden on small businesses hit hard by COVID-19. Photo: File. Small businesses struggling with debt have been offered a lifeline through reforms to small business insolvency rules. The changes to Australias insolvency rules were designed to assist with restructuring and relieving the debt…
The shake-up of Britain’s big four audit firms is to continue in earnest when Deloitte unveils the sale of its restructuring arm to Teneo, a strategic consulting firm which advises many of the UK’s biggest companies. Sky News has learnt that Teneo, which is backed by the private equity firm CVC Capital Partners, is in…
The next season the revitalised Magpies went within a kick of winning the premiership. His business reputation grew when he was Levi Strauss managing director at the start of the 2000s and then group CEO of Independent Liquor before he began as an entrepreneur that parlayed into investing in philanthropic works through his organisation PAN…
What is the Small Business Restructuring Process (SBR)?On 1 January 2021 some of the most significant changes to insolvency law in three decades were introduced following amendments to the Corporations Act. The new laws allow small businesses the flexibility to restructure their debts whilst allowing directors to remain in control of the business. The new…
Under Armour delivered a stronger-than-expected financial performance in the final months of 2020 as the atheltic apparel maker boosted online sales of apparel and footwear and reined in costs. The Baltimore-based sports brand improved despite challenges of the coronavirus pandemic and an ongoing business restructuring, the company said Wednesday. Advertisement Improving brand strength and consistent…
Lenders to Kishore Biyanis Future Group are planning to proceed with the restructuring of the debt owed by group companies under the Reserve Bank of Indias one-time restructuring scheme, three people with direct knowledge of the matter said. Lenders led by State Bank of India have asked for restructuring plans to be submitted so they…