Checkers Drive-In Restaurants Inc. is turning to financial advisers to navigate the coronavirus pandemics impact on a business model that was already deteriorating, according to people familiar with the matter. The burger chain, owned by private-equity firm Oak Hill Capital Partners, hired investment bank Miller Buckfire & Co. and turnaround adviser Mackinac Partners to explore…
24 Jun, 2020 | Wed | 23:50 Christiesis downsizing itsoperations as part of amajor corporaterestructuring plan, sources have toldThe Value. Christies CEO Guillaume Ceruttimadethe announcement internally today(24 June) over a video call, which can be boiled down to three majorpoints: Pay cuts will remainin place; The company will undergo a restructuring; The Impressionist andModern Artdepartment…
Highlights No reasonable prospects of being rehabilitated on its own Company has assets of $257 million, liabilities of $3.5 billion Evidence of years of account manipulation, forged papers, fictitious profits Singapore Singapore oil trader Hin Leong Trading’s restructuring or rehabilitation will only be viable if it is clubbed with other group companies under the Lim…
Click here to read the full article. PARIS As the tally of job cuts across the globe continues to mount, Swarovski plans to cull 600 positions, with the coronavirus crisis adding urgency to restructuring efforts at the historic, family-owned crystal-maker. In a bid to streamline the company, which is based in Austria and Switzerland, chief…
Todd Wolynski, Partner at White & Case, and Oliver Althoff, Managing Director North America at Seabury Securities, explain what aviation companies need to do to restructure. As former General Counsel and Chief Administrative Officer (Wolynski) and MD, Capital Markets and Treasury (Althoff) at Waypoint Leasing, the large helicopter lessor that filed for Chapter 11 in…
Credit: Winc Digital transformation services provider Crayon has inked an agreement to transfer Wincs software licensing business as part of its expansion plans in the region. The agreement will enable Winc’s software and cloud customers to leverage Crayons expertise in cloud economics, licensing and cost-optimisation services while also ensuring continuity on their transactional software and…
Woolworths expects full year earnings could be 2.7 per cent lower after it outlined one-off charges worth $591 million for restructuring and staff underpayments and incurs additional costs related to COVID-19. The retail giant said it expects full year earnings before interest and tax (EBIT) to be in the range of $3.2 billion to $3.25…
Alexandra Bigot: Latham is ‘very focused’ on creating a top-tier Paris restructuring capability Arrival of Alexandra Bigot follows on from insolvency lateral hires in London and New York Latham & Watkins has hired partner Alexandra Bigot from Willkie Farr & Gallagher in Paris to bolster its restructuring and special situations practice. Bigot is the latest…
June 22, 2020 10:31 ET | Source: TECHNICOLOR multilang-release PRESS RELEASE AGREEMENT IN PRINCIPLE ON FINANCIAL RESTRUCTURING PLAN 420 MILLION NEW FINANCING AND DELEVERAGING THROUGH 660 MILLION DEBT EQUITIZATION OPENING OF AN ACCELERATED FINANCIAL SAFEGUARD PROCEDURE Paris (France), 22 June2020 Technicolor (EuronextParis: TCH; OTCQX: TCLRY) (the Company) announces today that it has reached an agreement…
As the economic impact of the Covid-19 crisis manifests itself, Matthew Wilde, a Managing Director at AlixPartners in the Middle East, anticipates a sea of firms will be forced to restructure their operations with survival and growth in mind. Wilde was brought on board to lead AlixPartners Turnaround & Restructuring team in the region just…