Steinhoff International has secured 100 per cent of third-party creditor support after announcing its lock-up agreement (LUA) became effective as of July 20th. Initially, it seemed the furniture group were having issues gaining the necessary support, though that fear has now passed as the agreement is in full effect. The company is pleased to announce that…
AUSTIN, Texas, Aug. 7, 2018 /PRNewswire/ — Samuels Jewelers, Inc. affirmed today that the Company’s approximately 122 stores and its e-commerce site are open for business and are continuing to offer customers great service and a curated assortment of merchandise in fine jewelry. Samuels Jewelers, Inc. is implementing a court-supervised process in the United States…
GARDENA, Calif., Aug. 6, 2018 /PRNewswire/ — National Stores, Inc. (“National Stores” or the “Company”) announced today that it has initiated a court-supervised restructuring with the support of its lenders and suppliers integral to the business. The Company filed voluntary petitions for Chapter 11 relief in the United States Bankruptcy Court for the District of Delaware…
Share to facebook Share to twitter Share to linkedin A general view of atmosphere during Shutterfly x Baby2Baby Backpack Drive on August 1, 2018 in New York City. (Photo by Kevin Mazur/Getty Images for Shutterfly) Keeping in mind the growth delivered in the last quarter, the market expects Shutterfly (NASDAQ:SFLY) to report a solid financial…
GARDENA, Calif., Aug. 6, 2018 /PRNewswire/ — National Stores, Inc. (“National Stores” or the “Company”) announced today that it has initiated a court-supervised restructuring with the support of its lenders and suppliers integral to the business. The Company filed voluntary petitions for Chapter 11 relief in the United States Bankruptcy Court for the District of Delaware…
PwC Romania has promotes three new partners in its audit, tax and legal services departments: Manuela Guia, Andreea Mitirita and Monica Movileanu. The accounting and consulting firm has also made two senior appointments in its leadership team. As of 1 July, Andreea Mitirita has become a partner within the Tax and Legal Services department of…
Steinhoff International Holdings relocated two units at the heart of its accounting scandal to the UK as the retailer embarks on a new phase of recovery after reorganising debt. Steinhoff Europe and Steinhoff Finance Holdings will move from Austria to Cheltenham, England where the companys UK business is based. The supervisory boards of both units…
China’s services sector expanded at the weakest pace in four months in July, as there was the least growth in new business since December 2015, a private survey showed on Friday. Forward-looking sentiment meanwhile was the second-weakest on record, with respondents blaming concerns surrounding company restructuring and the impact of the U.S.-China trade war. For…
(Reuters) – American International Group Inc (AIG.N) on Thursday reported a 17 percent fall in quarterly profit as its general insurance business failed to show improvement, missing analysts expectations. FILE PHOTO: A banner for American International Group Inc (AIG) hangs on the facade of the New York Stock Exchange, in New York, U.S., on October…
Symantec said it plans to take a series of cost reduction actions over the next nine months to address residual costs that remain after the platform security vendor’s divestitures last year. The company said that its board of directors has approved US$50 million in restructuring expenses in connection with a plan to reduce Symantec’s global…