The next season the revitalised Magpies went within a kick of winning the premiership. His business reputation grew when he was Levi Strauss managing director at the start of the 2000s and then group CEO of Independent Liquor before he began as an entrepreneur that parlayed into investing in philanthropic works through his organisation PAN…
What is the Small Business Restructuring Process (SBR)?On 1 January 2021 some of the most significant changes to insolvency law in three decades were introduced following amendments to the Corporations Act. The new laws allow small businesses the flexibility to restructure their debts whilst allowing directors to remain in control of the business. The new…
Under Armour delivered a stronger-than-expected financial performance in the final months of 2020 as the atheltic apparel maker boosted online sales of apparel and footwear and reined in costs. The Baltimore-based sports brand improved despite challenges of the coronavirus pandemic and an ongoing business restructuring, the company said Wednesday. Advertisement Improving brand strength and consistent…
Lenders to Kishore Biyanis Future Group are planning to proceed with the restructuring of the debt owed by group companies under the Reserve Bank of Indias one-time restructuring scheme, three people with direct knowledge of the matter said. Lenders led by State Bank of India have asked for restructuring plans to be submitted so they…
Struggling seismic player Polarcus, which last week saw creditors take over its vessels following a debt payment default, on Tuesday said a Cayman Islands court has appointed joint provisional liquidators, after the company’s application. “The Board remains focused on pursuing a restructuring of its indebtedness and maintaining the underlying business as a going concern. Discussions…
The 2020 pandemic sent many businesses scrambling to protect their employees and pivot their operations to retain their customers. This crisis presented more challenges and opportunities over the course of a few months than most businesses see in a decade. While many managed to stabilize their business through these efforts, a select group were able…
Facial recognition, GPS tracking as SA Govt monitors home quarantine $240k for five days’ food: SA’s eye-watering medi-hotel bill ‘Contrary to public interest’: School planning data kept secret Your views: on a US move, religion and politics, Google and news, universities and JobSeeker Not JUST the footy scores This week, in South Australias first executive…
Big Four accounting and consulting firm PwC has at the dawn of this year appointed 53 fresh partners, with almost half of the new leaders working in its Financial Advisory division. Operating alongside the Assurance and Consulting divisions, PwCs Financial Advisory business provides a range of multifaceted services grounded in financial and economic disciplines. One…
Ai Group has not requested the government extend the program in its present form and has instead suggested industries and businesses directly affected by the pandemic are given extra support including restructuring and business advice. Many businesses linked to inbound tourism, international students, entertainment venues, and passenger transport among others continue to struggle and, in…
In the backdrop of the COVID-19 pandemic and the worldwide economic recession, Finance Minister Nirmala Sitharaman presented her third budget on February 1, 2021, making it her shortest one yet at 10,500 words and lasting around 110 minutes. The focus was to reset the economy by spending heavily on infrastructure development and upping the healthcare…