Japanese brewer Kirin will attempt to recoup some of the $2 billion it has blown on Australian dairy and drinks investments over the past 11 years by selling leading brands such as KIng Island cheese, Dairy Farmers milk and Farmers Union yoghurt. Kirin has kicked off a formal sale process for its $1.8 billion Australian…
Norton Rose Fulbright (NRF) was the legal adviser of an Australian-founded medicinal cannabis company on its IPO and listing on the ASX. Althea Group raised $19.65m in its fully subscribed IPO, which NRF said had strong participation from institutional and professional investors from around the world. It was also supported by Toronto-listed Aphria, which is…
Restructuring may get a little easier, again Law that permits 75% creditor approval could come back next month Oct 09,2018 A law that allows companies to seek help in corporate restructuring with the agreement of just 75 percent of creditors will likely go back into effect as early as next month. The…
LUXEMBOURG, Oct. 8, 2018 /PRNewswire/ –QGOG Constellation S.A. (“QGOG Constellation” or the “Company“) has been involved in discussions and negotiations with certain holders (and investment managers for certain holders) (each, a “Noteholder“) of the 9.00% Cash / 0.50% PIK Senior Secured Notes due 2024 (the “2024 Notes“) issued by the Company pursuant to that indenture…
Activity across Chinas giant services sector improved modestly in September, helping to offset renewed weakness in manufacturing. Despite the modest improvement in overall activity levels, firms shed staff, reporting a reduction in order backlogs and intense margin pressures. Activity in Chinas manufacturing sector was unchanged in September, the weakest result in nearly a year. Activity…
Hong Kongs biggest television station fired another 150 people on Friday arising from losses in its international business and operational restructuring. Television Broadcasts (TVB) ushered in a wave of lay-offs in June when about 100 staff were told they would be made redundant. A TVB spokesman said in a statement on Friday that the 150…
The world headquarters for the Ford Motor Company in Dearborn.(Photo: Jeff Haynes / AFP/Getty Images) Ford Motor Co. has begun what company officialsexpect to be a months-long process to form a plan focused on trimming its global salaried workforce. Officials expect to cut the number of salaried employees globally, which could include some in its…
Amidst the software industrys crazy unicorn valuations and hot buzzword-compliant startups, one software business model remains tried and true: buy the rights to a mature enterprise software product (or the whole company) and then milk its customers for ever-dwindling maintenance dollars. To keep the company going, continue to buy more such products and companies, thus…
Company Increases Full-Year 2019 Cost Savings Reiterates Profit Outlook for Full-Year 2018 DOWNERS GROVE, Ill., Oct. 01, 2018 (GLOBE NEWSWIRE) — FTD Companies, Inc. (Nasdaq: FTD) (FTD or the Company), a premier floral and gifting company, today announced an expansion of its corporate restructuring and cost savings plan initiatives. The Company has identified incremental cost…
RALEIGH, N.C., Oct. 04, 2018 (GLOBE NEWSWIRE) — LandStar, Inc. (OTCPK: LDSR) (LandStar or the Company), the parent company of Data443 Risk Mitigation, Inc. (Data443), a leading data security and privacy company, announced the completion of joint efforts with finance partner Blue Citi LLC (Blue Citi) resulting in the favorable restructuring of debt and financing…