Category Archives: Restructuring

Heidrick & Struggles Restructuring to Strengthen Financial Performance, Realign Organization to Enhance Business … – PR Newswire (press release)

CHICAGO, Jan. 5, 2018 /PRNewswire/ — Heidrick & Struggles (Nasdaq: HSII), a premier provider of executive search, leadership assessment and development, organization and team effectiveness, and culture shaping services, today announced a restructuring plan to reduce overall costs and improve efficiencies in its operations over the next several months. The expected annual cost savings from the…

Apogee Announces Architectural Glass Restructuring – Business Wire (press release)

MINNEAPOLIS–(BUSINESS WIRE)–Apogee Enterprises, Inc. (Nasdaq:APOG), which provides distinctive solutions for enclosing commercial buildings and framing art, today announced details of the planned restructuring referenced in its December 21, 2017, third-quarter earnings release. As part of our initiatives to diversify and strengthen our business for more stable performance in any economic cycle, Apogee is making significant…

Lord Farmer’s Red Kite metals fund undergoing restructuring – Financial Times

Henry Sanderson January 5, 2018 Michael Farmers Red Kite, which once dominated global copper markets, is being overhauled, according to filings at Companies House. RK Capital Management LLP, the management company that runs the Red Kite funds, is in the process of a restructuring review which may impact its activity in future years, the January…

Business people: Jan. 4, 2018 – delawarebusinessnow.com

Kline_Sheryl-2013 Picture 1 of 4 McCormick named IT manager The City of Newark announced James McCormick accepted the role of manager for its Information Technology (IT) team, succeeding Joshua Brechbuehl, who left the City. McCormick, who joins the City after serving as Chief Information Officer (CIO) for Caroline County, MD, for nearly two decades, will…

Steinhoff CFO steps down amid probe into accounting irregularities – Financial Times

Olaf Storbeck January 4, 2018 The chief financial officer of South African furniture retailer Steinhoff International, Ben la Grange, stepped down from his role on Thursday in the latest blow to the stricken group since it became embroiled in an accounting scandal in December.  The company said Mr la Grange would instead focus on the…

Brookfield Business Partners to buy Westinghouse in $4.6bn deal – Financial Times

Ed Crooks January 4, 2018 Westinghouse Electric Company,the US nuclear engineering group that went into chapter 11 bankruptcy last year, has been sold by its owner Toshiba to Brookfield Business Partners, the private equity group, for $4.6bn. The deal is conditional on approval from the bankruptcy court and regulators around the world. Brookfield is funding…

OvaScience (OVAS) Reports Update on Phase 1 Clinical Trial of OvaPrime; Announces Corporate Restructuring … – StreetInsider.com

Get instant alerts when news breaks on your stocks. Claim your 2-week free trial to StreetInsider Premium here. OvaScience (NASDAQ: OVAS) today provided a corporate update. The Company announced initial clinical data from its ongoing Phase 1 trial of OvaPrime in women with primary ovarian insufficiency (POI) and poor ovarian response (POR). In an interim…

South Korea’s Lotte jumps 5% on group restructuring – Financial Times

Song Jung-a January 3, 2018 Experimental feature Listen to this article Play audio for this article Pause 00:00 00:00 Experimental feature or Give us your feedback Thank you for your feedback. What do you think? Ill use it in the future I dont think Ill use it … Read the full article at: https://www.ft.com/content/98108809-6e89-3b26-8114-8305559a95fc

Woodbridge Group of Companies Responds to SEC Objections – Business Wire (press release)

SHERMAN OAKS, Calif.–(BUSINESS WIRE)–Woodbridge Group of Companies, LLC and certain of its affiliates and subsidiaries (together the Company or Woodbridge), responded to objections filed by the Securities and Exchange Commission (SEC), stating the following: Since the Independent Manager took control of the Company and appointed a Chief Restructuring Officer on December 1, 2017, all fund…

Steinhoff warns it will have to restate 2015 accounts – The Australian Financial Review

by Mark Vandevelde Steinhoff International, the South African retailer, has warned that accounting irregularities began at least a year earlier than previously acknowledged. The company may be forced to restate its results for years before 2015. The global retail group, which owns Britain’s Poundland, America’s Mattress Firm and Australia’s Freedom and Snooze furniture chains, has been…