Written by Alyssa Rege | February 12, 2018 | Print | Email Seven of the 49 individuals laid off by Marietta, Ga.-based WellStar Health System last month held vice president or senior vice president roles within the 11-hospital system, according to the Cobb Business Journal. Here are six things to know about the executive layoffs. 1. Keith…
Royal Bank of Scotland MPs minded to publish widely leaked FCA report which details banks endemic mistreatment of customers Operations by RBSs Global Restructuring Group is at the centre of the scandal. Photograph: Andy Rain/EPA A confidential report into Royal Bank of Scotland is set to be published by MPs after it was widely leaked,…
The RSA, subject to certain conditions, represents the commitment of the Company and Consenting Creditors to support a comprehensive restructuring of Remington’s existing funded indebtedness. The balance sheet restructuring will be effectuated through a pre-packaged joint plan of reorganization to be filed in the United States Bankruptcy Court for the District of Delaware in connection…
MADISON, N.C., Feb. 12, 2018 /PRNewswire/ — Remington Outdoor Company (“Remington” or “the Company”) today announced that it has reached a Restructuring Support Agreement (“RSA”) with creditors holding a majority of the FGI Operating Company, LLC (“FGI OpCo”) Term Loans due in 2019 and 7.875% Senior Secured Notes due in 2020 (the “Third Lien Notes”) (collectively,…
Jamie Olivers Italian restaurant empire has hit turbulent times after The Sun revealed Jamies Italian Limited owes debts totalling $125 million. The Sun obtained High Court documents detailing the companys debt, which includes $53 million to financial services company HSBC in overdrafts and loans. Advertisement The company also owes approximately $73 million to landlords, s……
Share this: Transitional periods can be tough, especially when they involve a whole whack of downsizing, but for Toronto-based Redknee Solutions Inc. (TSX:RKN), coming out of restructuring slimmer and more streamlined will make a world of difference, say analyst Robert Young and associate Christian Sgro with Canaccord Genuity, who have raised their target price on…
Indiabulls Real Estate moved higher by 8% to Rs 230 on BSE in noon deal after the Mumbai-based real estate said that its board will meet next week to consider the business restructuring plan that it considered in April last year. The board of directors is scheduled to meet on Wednesday, February 14, 2018,…
Creditors have accepted a restructuring plan from celebrity chef Jamie Oliver which will mean 12 of his restaurants will close. The closures are part of a Company Voluntary Arrangement (CVA), which will allow the Italian chain to secure rent reductions on the remaining estate as well as close down unprofitable stores. Around 200 jobs are…
Jamie Oliver will close a third of his 35 struggling Italian restaurantsALAMY When Jamie Oliver started his Italian restaurant chain in 2008 it was the realisation of a teenage dream. The celebrity chef may have been born and bred in Essex, but he always had a passion for Italian food and wanted Jamies Italian to…
The Company has chosen Ditech Holding Corporation as the new name for its parent company, as it reflects the Company’s focus on its strong core business and its commitment to serving customers. The Company remains committed to enhancing the customer experience through the growth of its origination and servicing businesses and by focusing on new…