Aussie Farmers Direct has gone into voluntary administration. The online grocer struggled to compete with major supermarkets Woolworths and Coles. 100 franchisees, 260 employees and 100,000 customers will be impacted from the closure. Aussie Farmers Direct, a pure-play online grocer with a home delivery network, has gone into voluntary administration after struggling to compete with…
Brazil’s embattled infrastructure conglomerate Odebrecht is preparing a corporate restructuring, paving the way for its units to sell shares via public … Subscriber-Only Content BNamericas develops thousands of news articles, analyses and features every month, always concentrating on how to make or save money in Latin American business. Unique ContentUp-to-the-minute and field-proven industry news in…
by Jonathan Woetzel China’s investment-led growth model has served it extraordinarily well, setting it on course to become one of the world’s advanced economies. Yet the strains associated with that approach have become evident. Since 2015 the country’s gross domestic product growth has dipped to 25-year lows, corporate debt has soared, foreign reserves have fallen…
The deal, which Noble says would allow it to continue operating, would hand the lion’s share of the company’s remaining value to creditors willing to participate in a new trade finance facility. That’ll include hedge funds from the so-called ad hoc group that’s underwriting the facility. What’s more, Noble’s management will receive an equity stake…
The reorganization of Tatas realty and infrastructure businesses is being seen as a part of Tata Sons chairman N. Chandrasekarans business restructuring plan for the larger Tata group. Photo: Abhijit Bhatlekar/Mint Mumbai: Tata Sons Ltd, the holding company of the Tata group, on Thursday said it was reorganizing its real estate and infrastructure businesses to…
Related Story: NAB chairman backs company tax cuts but says other taxes must rise Related Story: No love for a trade-off deal for lower tax in exchange for higher wages Powerhouses of the business world are discrediting the Business Council’s one-eyed approached to tax reform, saying it is doing…
Japans Big 4 Restructuring Domestic Business Models A progressively shrinking market has prompted Japans four biggest OEMs to undergo a major reorganization of strategies for the island nation’s domestic market. After more than a decade of generally declining sales, Japans four largest motorcycle manufacturers have begun rolling out new business models for the Japanese domestic…
Stock Exchange ReleaseAhtium Plc28 February 2018 Ahtium Plc annual results review for the year ended 31 December 2017 Next few days decisive for the Company’s operations and future Key events 2017 Ahtium Plc’s (“Ahtium” or the “Company”) Financial Statements for the financial year ended 31 December 2017 have not been prepared on a going concern…
At meeting held on 01 March 2018 The Board of Thomas Cook (India) at its meeting held on 01 March 2018 has given their consent to the management to explore the possibility of an internal corporate restructuring exercise that would (i) enable the Company to focus on travel related business, (ii) give the…
Naomi Rovnick in London February 28, 2018 Prezzo, the UK casual dining chain that private equity group TPG bought for £304m in 2014, is restructuring its business with the loss of several hundred jobs in the latest sign of tough times on the British high street. The Italian-themed business will close around a third of…