Lenders to two more Future group firms — Future Enterprises and Future Supply Chain Solutions — have approved a resolution plan to restructure the existing secured financial debt of the companies, as per regulatory filings. Last week, a consortium of 28 banks had approved a resolution plan for debt restructuring of the Kishore Biyani-led group’s…
LAS VEGAS & TORONTO–(BUSINESS WIRE)–Flower One Holdings Inc. (“Flower One” or the “Company”) (CSE: FONE) (OTCQX: FLOOF) (FSE: F11), a leading cannabis cultivator and producer in Nevada, is pleased to announce today that (i) following its press release dated April 14, 2021, the Company has completed its restructuring transaction with its 9.5% unsecured debentures due…
SUPPLIED Sectors such as retail have been hit particularly hard by Covid-19 and successive lockdowns. Many economists predicted a plummet post Covid-19. But the softening effect of government subsidies, quantitative easing, and mortgage holidays saw many New Zealand businesses come out of 2020 relatively unscathed. A year on, there are storm clouds on the horizon.…
Lenders of the debt-ridden Future Retail Ltd have approved a plan to restructure the existing financial debt of the company under an RBI announced resolution framework for COVID-19 related stress. The restructuring plan now would be forwarded for approval to an expert committee, formed by RBI under the chairmanship of K V Kamath, Future Retail…
Stuart Robb and Michelle Elliot Specialist business advisory firm FRP has appointed a six-strong restructuring team, which includes partners Stuart Robb and Michelle Elliot based in Glasgow. Mr Robb specialises in contentious insolvency and corporate restructuring. He has 25 years experience working on formal insolvency appointments across a wide variety of sectors. With more than…
Metals magnate Sanjeev Gupta restructured his business empire last year in an attempt to maximise the amount of UK taxpayer-backed loans he could draw on through the governments coronavirus lending scheme. Companies affiliated with Gupta applied for hundreds of millions of pounds of loans via Greensill Capital, which tapped the Coronavirus Large Business Interruption Loan…
Partnerships and joint ventures are an important source of revenue and innovation for many large companies, particularly in areas of emerging technology. New research shows that companies that restructure a large percentage of partnerships show better financial returns. Companies creating new partnerships should take steps to allow for future restructuring. Successful companies actively manage their…
Partnerships and joint ventures are an important source of revenue and innovation for many large companies, particularly in areas of emerging technology. New research shows that companies that restructure a large percentage of partnerships show better financial returns. Companies creating new partnerships should take steps to allow for future restructuring. Successful companies actively manage their…
HR restructuring in China can be a tripwire for foreign companies given the countrys strict labor laws and regulatory standards. We spotlight top considerations. The success of a company often hinges on its ability to recruit, retain, and realize the added value and potential of its employees. Similarly, in the case of business restructuring how…
For company restructuring in China, businesses must strategize based on which options will bolster their operational sustainability and facilitate company preparedness and agility, factors that are essential during periods of crises like the pandemic. Businesses looking to benefit from Chinas economic rebound may consider how their corporate strategy could be optimized through restructuring their operations,…