Dive Brief: As makeup begins a possible recovery, Ulta Beauty is laying off an unspecified number of corporate employees, a spokesperson told Retail Dive via email. The total number was “a meaningful, but relatively small number of our total associates,” the spokesperson said. The layoffs resulted from a restructuring that eliminated current and open roles…
NORWALK, Conn.–(BUSINESS WIRE)–Frontier Communications Corporation (OTC: FTRCQ) (Frontier Communications) announced today that it has secured approval from the Federal Communications Commission (FCC) for its Chapter 11 restructuring. Frontier now has regulatory approvals, or favorable determinations, for its required change-in-control applications related to its court-supervised restructuring from the FCC and 13 states: Arizona, Georgia, Illinois, Minnesota,…
By Liz Lee 4 Min Read KUALA LUMPUR (Reuters) – Most of AirAsia X Bhds (AAX) lessors support a restructuring plan, and the Malaysian airline has received interest from potential investors for fundraising after reorganization, court documents filed this month show. FILE PHOTO: An AirAsia X Airbus A340 passenger jet arrives on its inaugural flight…
Directors of Nixon Hire have hailed the firms resilience in the face of Covid-19, following a year of restructuring to refocus the firm and improve profitability. The industrial equipment company, first formed 52 years ago and headquartered in Newcastle, initially operated as a plant hire company with room to service no more than three machines…
Most of AirAsia X Bhd (AAX)s lessors support a restructuring plan, and the Malaysian airline has received interest from potential investors for fundraising after reorganization, court documents filed this month show. In emails attached to the court filings, supportive lessors said they wanted to continue discussions with the budget airline and potential new investors, seeking…
Professional services firm PwC has further enhanced its Business Restructuring Services (BRS) offering in the Midlands to help clients navigate the financial climate currently impacting UK firms. Eddie Williams has this month rejoined the firm as a Partner. Williams, who is also Chairman of R3 in the Midlands has led a number of high-profile administrations…
Citing the need for increased scale, Birmingham-based Amherst Consulting LLC has been sold to middle-market investment bank Capstone Headwaters out of Boston. Amherst Consulting is the restructuring advisory division of Amherst Partners, a Birmingham-based financial and M&A advisory firm. As part of the transaction that closed last Friday terms of which were not disclosed eight…
January 12, 2021 We are pleased to present a comparative guide to restructuring procedures in the UK, US, DIFC, ADGM and UAE. The easy-to-use comparative guide is organised by key aspects of the restructuring processes and compares and contrasts the selected restructuring regimes in each jurisdiction so that the reader can easily identify the differences.…
John Tan, Manager, Strategy & Transactions, EY Luxembourg, Christophe Vandendorpe, Strategy & Transactions leader, EY Luxembourg In this article, Christophe Vandendorpe and John Tan, who are restructuring and liquidation practitioners at EY Luxembourgs Reshaping Results team, answer a question often asked by businesses: how to preserve value in a distressed situation? My business is failing…
By Reuters Staff 2 Min Read FILE PHOTO: Malaysia Airlines planes are seen parked at Kuala Lumpur International Airport, amid the coronavirus disease (COVID-19) outbreak in Sepang, Malaysia October 6, 2020. REUTERS/Lim Huey Teng KUALA LUMPUR (Reuters) -The parent company of Malaysia Airlines said on Thursday it was nearing the end of a debt restructuring…