The Department of Justice trustee assigned to Toys R Us bankruptcy case has written a fiercely worded letter criticising the retailers plan to pay executives multimillion-dollar sums. In a statement, Toys R Us defended the motion as standard practice. A final decision will be made in court in December. Toys R Us bankruptcy proceedings are…
Welcome to this week’s Chutes and Ladders, our roundup of hirings, firings and retirings throughout the industry. Please send the good wordor the badfrom your shop to Angus Liu (email) and we will feature it here at the end of each week. Teva kicks out high-level executives in drastic structure shakeup TevaCSO Michael Hayden will leave. A shakeup…
Iconic handbag retailer OrotonGroup has gone into administration, becoming the latest casualty in Australia’s retail bloodbath. The company said on Thursday morning that an eight-month strategic review failed to secure a viable option to secure its future. Play Video Don’t Play Government flips on banking inquiry Play Video Don’t Play Video duration 01:55 Previous slide Next slide…
BuzzFeed is laying off about 100 employees in the US and restructuring its advertising sales operation amid a tough digital media market. In an email to staff, BuzzFeed CEO Jonah Peretti said Greg Coleman, a veteran advertising executive and BuzzFeed’s president, is transitioning to an advisory role. The cuts in the US, which come from…
Unified communications vendor, Avaya, expects to emerge from Chapter 11 bankruptcy in its home country by December after the United States Bankruptcy Court for the Southern District of New York approved its second amended reorganisation plan. Avaya said on 28 November the decision is likely to see it emerge from its restructuring process before the…
Wed, Nov 29, 2017 – 2:51 PM [TOKYO] Nomura Holdings Inc is returning to private equity – a move that comes as it seeks more stable income through consulting services and as Japanese firms increasingly look to divest non-core businesses as part of restructuring plans. Japan’s biggest brokerage and investment bank on Wednesday said in…
Santa Clara, Calif., November 28, 2017 Avaya announced today that the United States Bankruptcy Court for the Southern District of New York (the Court) has confirmed its second amended chapter 11 plan of reorganization (the Plan). As a result, Avaya expects to emerge from its restructuring process before the end of this year. The Courts…
November 29, 2017 Hudson Lockett Experimental feature Listen to this article Play audio for this article Pause 00:00 00:00 Experimental feature 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/286f2f91-f2ba-3ae4-9884-e6ccf9639da8
Autodesk ( ADSK ), a maker of computer-aided design software, reported slightly better-than-expected fiscal third-quarter results, but gave mixed guidance for the current quarter, sending its stock crashing in late trading Tuesday. Autodesk also announced a restructuring plan that will result in pre-tax charges of $135 million to $149 million, with about $91 million to $100 million…
SANTA CLARA, CA–(Marketwired – November 28, 2017) – Avaya announced today that the United States Bankruptcy Court for the Southern District of New York (the “Court”) has confirmed its second amended chapter 11 plan of reorganization (the “Plan”). As a result, Avaya expects to emerge from its restructuring process before the end of this year.…