Dubai-based contracting giant Drake & Scull International (DSI) has announced that it has successfully completed the restructuring of its corporate general bank debt in the UAE. The company said in a statement that it has also secured new credit lines and working capital facilities for its ongoing and new projects portfolio. DSI said it has…
MINNEAPOLIS–(BUSINESS WIRE)–Regis Corporation (NYSE: RGS), a leader in the haircare industry, whose primary business is owning, operating and franchising hair salons, today announced it will close approximately 600 nonperforming Company owned SmartStyle salons on January 31, 2018. Our people are at the center of who we are and what we do, said Hugh Sawyer, President…
Viet Nam News HÀ NI Deputy Prime Minister Vng ình Hu has signed Decision No.16 approving the restructuring plan of the Vietnam National Chemical Group (Vinachem). The decision, designated for 2018-2020, aims to improve Vinachems structure, capacity, production efficiency and business competitiveness. While signing the decision, the deputy prime minister stated the…
Listed Philippine Telegraph & Telephone Corp. (PT&T) is poised to implement a capital restructuring plan that would settle long-running obligations ahead of the entry of a foreign strategic partner. A key feature of the plan, according to PT&T chief operating officer Miguel Bitanga, is the conversion of its creditors into preferred shareholders, which was outlined…
Listed Philippine Telegraph & Telephone Corp. (PT&T) is poised to implement a capital restructuring plan that would settle long-running obligations ahead of the entry of a foreign strategic partner. A key feature of the plan, according to PT&T chief operating officer Miguel Bitanga, is the conversion of its creditors into preferred shareholders, which was outlined…
CAMBRIDGE, Mass. & PARIS–(BUSINESS WIRE)–Alnylam Pharmaceuticals, Inc. (Nasdaq: ALNY), the leading RNAi therapeutics company, and Sanofi announced today a strategic restructuring of their RNAi therapeutics alliance to streamline and optimize development and commercialization of certain products for the treatment of rare genetic diseases. Specifically, Alnylam will obtain global development and commercialization rights to its investigational…
Peggy Hollinger, Industry Editor January 7, 2018 A joke has been doing the rounds in Toulouse, cradle of Frances aerospace expertise and home to Europes industrial champion, Airbus. What does Airbus do? It makes cars that fly and jets that stay on the ground. The jest neatly encapsulates concerns that have been voiced inside and…
David Hall wrote in today’s Sunday Business Post that the Irish farming community faces ‘farmageddon’ if more farm-related debt is passed on to vulture funds. He says that banks currently control much of Ireland’s farm-related debt, but that many of these loans may be sold to vulture funds, “with disastrous consequences for rural families and…
Caltex Australia has its eye on more Asian investments and supply contracts as it looks to take advantage of the skills in its Ampol fuel sourcing and trading business and prepares for an expected peaking of local demand for petrol and diesel in 10 to 15 years. Chief financial officer Simon Hepworth said Caltex’s recent…
Heidrick & Struggles on Friday said it will lay off 15 of its 200 employees in Chicago as part of a wide-ranging global restructuring expected to save the executive search firm $11 million to $13 million annually. All told, the Chicago-based company plans to cut its workforce of 1,600 employees by 70 people, or about…