SKGroupheadquartersbuilding SK Group, South Koreas second-largest business group in terms of total assets, has asked the countrys state-run Korea Development Bank for more funds as it is set to streamline its business to focus on promising growth engines, such as batteries and chips, after years of making ineffective investments. According to sources in the countrys…
– June 17, 2024 RS Public Company Limited or RS Group announced its newly adjusted business strategies and major organization restructuring to further strengthen existing businesses and extend to new opportunities for business growth. Three key strategies to advance the organization include: RESTRUCTURE: The executive team will be reorganized, while the successors, namely Mr. Chet and Mr. Chot Chetchotisak,…
LONDON Fresh from filing Chapter 7 bankruptcy proceedings in the U.S., high-end furniture brand Oka is looking to strike a deal with creditors in the U.K. as it attempts to restructure the business. The company said it has launched a company voluntary arrangement, or CVA, as part of a plan to reconfigure and reduce its…
Best Buy, the US equivalent of Australias JB Hi-Fi, has reportedly carried out another round of layoffs and job restructurings last week. The consumer electronics and appliance retailer cut some of its sales staff and reduced the pay for others, reported The Verge citing current and former employees. The layoffs appeared to have mostly targeted…
At the beginning of May, Atos received four offers of help. Most recently, two offers were still in the running. A decision was supposed to be made in the first week of June, but the negotiations do not seem to have been easy. Now there is apparently a solution on the basis of which all…
Anne Marie Aaronson Dilworth Paxson Philadelphia Business Litigation, esp. Bankruptcy & Reorganization Derek Abbott Morris Nichols Wilmington Bankruptcy & Reorganization, esp. Litigation Jonathan Aberman Locke Lord Chicago Bankruptcy, Restructuring & Litigation Jacob A. Adlerstein Paul Weiss New York Bankruptcy & Corporate Restructuring David A. Agay McDonald Hopkins Chicago Business Restructuring Rachel Ehrlich Albanese DLA Piper…
The owner of some of London’s best-known restaurants, including The Wolseley, has called for fresh help from restructuring advisers more than two years after its parent company emerged from administration. Sky News has learnt that Minor Hotels has drafted in AlixPartners to advise on cashflow issues at Wolseley Hospitality Group. The project is said to…
After weeks of mulling it over, French IT company Atos has finally decided to go with key shareholder David Layani and his IT company Onepoints restructuring offer, as opposed to Czech billionaire Daniel Kretinskys. Currently, Onepoint owns about 11% of Atos total shares. ADVERTISEMENT Despite being the official tech partner of the 2024 Paris Summer…
By Denise Mueller, Chief Business Officer, Affimed Denise Mueller The world of work is more uncertain than ever and the biotechnology sector is no exception, especially as we see ongoing fluctuations in the market and shifting preferences among investors and potential business development partners. Our industry is still slowly coming back from an industrywide plummeting…
Restaurant group Tasty has become the first AIM-listed company to successfully secure a restructuring plan. The firm, which had faced an uncertain future after difficult trading conditions, was supported in securing the plan by experts from advisory firm FRP. Tasty is a branded restaurant operator in the UK casual dining market, with trading brands including…