This weeks announcement by Minister Robert Troy that the Government is set to put in place a long-promised process to allow troubled SMEs to restructure will be welcomed by many Irish companies. That they are to be put in place before the summer recess is especially heartening for the small and micro companies that comprise…
The business has been sold to H.I.G. Europe, the European affiliate of H.I.G. Capital, a global investment firm and Interpaths managing directors. The completion of the sale, which sees circa 528 staff and 22 partners transferring to the new business, means that Interpath has now launched as an independent restructuring and turnaround business. Jon Holt,…
Whole Foods is planning layoffs as part of a larger restructuring of its business, the company confirmed to Insider on Thursday. Whole Foods told Insider that it expects the layoffs to impact a small, but at this point unknown, number of corporate employees, and that employees who work at its stores and distribution centers will…
Chua See Hua Christopher & Lee Ong has hired Chua See Hua as a partner and co-head of the restructuring and insolvency practice in Kuala Lumpur. She joined with a team from her boutique firm Chua Associates that she founded in 2010. Her practice extends to advising major corporations on transactions involving acquisitions and divestments…
Treasurer Josh Frydenberg has unveiled the federal governments 20212022 budget, committing tosupporting jobs and essential servicesin the year ahead. In response, non-bank small business lender ScotPac said, overall, the budget gives SMEs a great opportunity to invest in their own growth so recovery momentum continues. There are positive initiatives to support the small business sector,…
The company logo for Electricite de France (EDF) is seen in Paris, France, March 2, 2021. REUTERS/Benoit Tessier French state-controlled power group EDF (EDF.PA) said on Wednesday that talks over a restructuring of the company between France and the European Commission remained difficult, as EDF posted higher first quarter sales. The talks between France and…
Virgin Active UK business restructuring sanctioned by the English Court BRAIT P.L.C.(Registered in Malta as a Public Limited Company)(Registration No. C97843)Share code: BAT ISIN: LU0011857645Bond code: WKN: A2SBSU ISIN: XS2088760157LEI: 549300VB8GBX4UO7WG59(Brait) VIRGIN ACTIVE UK BUSINESS RESTRUCTURING SANCTIONED BY THE ENGLISH COURT 1. Introduction Brait released update announcements on the website of the Luxembourg Stock Exchange…
Two major Thai airlines, Thai Airways International and Nok Air, are at different stages of putting together business reorganisation plans outlining how they will restructure their businesses under court protection and emerge stronger from the Covid-19 pandemic. But a recent surge in virus cases in the Kingdom looks likely to scupper the countrys plans to…
An official statement from the competition watchdog said the transaction notified by two new companies set up as part of IBMs internal reorganisationKyndryl Holdings LLC and Grand Ocean Managed Infrastructure Services Pvt. Ltdhas been approved. Livemint | By Gireesh Chandra Prasad, New Delhi PUBLISHED ON MAY 12, 2021 06:29 AM IST The Competition Commission of…
Revlon Inc. is expanding its restructuring efforts, again. The latest restructuring effort, called the Revlon Global Growth Accelerator, is meant to allow the beauty company to reinvest in its brands to drive sales and profit growth. Revlon said it would work to boost organic growth for its brands in order to deliver a mid-single compound…