A Toys “R” Us store is seen, in Hayes Thomson Reuters LONDON (Reuters) – Toys R Us UK is to seek creditor approval for a restructuring plan involving closing at least 26 of its 105 stores in Britain in 2018, it said on Monday. The British arm of Toys R Us Inc of the United…
LONDON, Dec 4 (Reuters) – Toys R Us UK is to seek creditor approval for a restructuring plan involving closing at least 26 of its 105 stores in Britain in 2018, it said on Monday. The British arm of Toys R Us Inc (IPO-TOYS.N) of the United States which filed for bankruptcy in September, said…
NEW YORK, Dec 3 (Reuters) – Energy Transfer Partners , an oil and gas pipeline company, may see its value rise given strong business prospects and a potential change to its governance, financial publication Barrons reported. Energy Transfer, a master-limited partnership, has underperformed its peers and the value of its units are down about 31…
Management at the Royal Bank of Scotland (RBS) were aware of failings in its small business restructuring group, but turned a blind eye, according to a leaked report seen by the Mail on Sunday. The Financial Conduct Authority (FCA) investigated RBS‘s Global Restructuring Group (GRG) after small businesses claimed they were wrongly and to their…
Bowmans Senior Partner Richard Harney during the interview with Weekend Business. [Beverlyne Musili, Standard] The restructuring of Kenya Airways, concluded mid-November, has been billed as one of the most complex transactions in the region. Complex due to the number of companies and institutions involved. The deal saw transaction advisers shuttle from Africa to Europe and…
Orascom Construction is planning to restructure its US operations in order to reduce unnecessary costs, a senior company official told Daily News Egypt on Saturday. We have plans to improve our costs, specifically our US operation. Restructuring our business, there is a main goal on which we are focusing in the current stage, the source,…
BuzzFeed will restructure its business team, resulting in layoffs of about 100 people, and the transition of the company’s president to the role of senior advisor. Company CEO Jonah Peretti said in a memo Wednesday that BuzzFeed needed to shift away from direct advertising sales to more diverse revenue streams. The company will search for…
By FRED GITUKUMore by this Author Q. I am a HR manager, six months into a new job. I have observed that the previous manager did not practice diversity, since this company is dominated by two tribes. Is it fair to fire under-performing employees and re-structure the company to accomplish diversity? There is more to…
FORT WASHINGTON, Pa., Nov. 30, 2017 /PRNewswire/ — Walter Investment Management Corp. (“Walter” or the “Company”) (NYSE: WAC.BC) today announced that, as expected, the Company filed a voluntary chapter 11 petition in the United States Bankruptcy Court for the Southern District of New York (the “Court”) to execute a prepackaged financial restructuring plan (the “Prepackaged Plan”).…
Australia | 12:24 PM Aristocrat Leisure has hooked Big Fish, a US social casino app developer, which is expected to boost recurring revenue. The acquisition confirms a stronger focus on digital gaming. -Aristocrat’s exposure to digital gaming significantly increases-Difficult to predict when social casino apps will stop growing-Digital opportunities prevail, capital management potential despite structural…