United Arab Emirates 28 August 2023 – Leading global professional services firm Alvarez & Marsal (A&M) today unveiled the Q2 2023 edition of its Middle East Turnaround and Restructuring Survey. The report indicates that Gulf CEOs and business leaders who participated in the survey are feeling lower levels of concern about the economic environment, while…
Initiates Voluntary Prepackaged Chapter 11 Proceedings with Overwhelming Support of Key Stakeholders, Including 85%+ of First and Second Lien Debtholders Continuing to Operate Normally, Serve Customers and Deliver High-Quality Therapies to Patients Vendors and Suppliers Expected to be Paid in Full in the Ordinary Course DUBLIN, Aug. 28, 2023 /PRNewswire/ — Mallinckrodt plc (NYSE American:…
Aug 28 (Reuters) – National Australia Bank (NAB.AX) is preparing to cut around 60 jobs of the 600-staff at its markets division and undertake a broad restructuring exercise across its seven business, the Australian Financial Review said on early on Monday citing sources. The country’s second-biggest bank would begin the layoffs as early as this…
Businesses from technology start-ups to large multinationals increasingly turn to outsourced CFO services for a range of expertise seldom found in one individual, says Grant Thornton national managing partner Michael Pittendrigh. He said access to a pool of experts in the case of Grant Thorntons CFO service, about 50 across Australia trumped someone working solo…
The tech layoffs are not over. Yesterday, T-Mobile notified employees they are laying off close to 5,000 employees, or just under 7% of the companys workforce, to streamline operations and allow for corporate structuring, reports GeekWire. The jobs are primarily corporate and back-office roles that are redundant or tied to systems or processes that will…
Card chain Clintons is set to close 38 shops in a bid to avoid insolvency, according to reports (Alamy/PA) Clintons Cards appears to be safe from collapse for at least the next 12 months, after an insolvency court approved a restructuring plan that allows the retailer to escape full payment of business rates and rent…
Card chain Clintons is set to close 38 shops in a bid to avoid insolvency, according to reports (Alamy/PA) Clintons Cards appears to be safe from collapse for at least the next 12 months, after an insolvency court approved a restructuring plan that allows the retailer to escape full payment of business rates and rent…
Agreement Supported by a Substantial Majority of Each of its First and Second Lien Debtholders and Opioid Trust Financial Restructuring Plan to Significantly Reduce Debt, Increase Free Cash Flow Generation, Extend Maturity Runway and Better Position Company for Long-Term Success Intends to Initiate Voluntary Prepackaged Chapter 11 Proceedings to Implement Plan Continuing to Deliver High-Quality Therapies…
Agreement Supported by a Substantial Majority of Each of its First and Second Lien Debtholders and Opioid Trust Financial Restructuring Plan to Significantly Reduce Debt, Increase Free Cash Flow Generation, Extend Maturity Runway and Better Position Company for Long-Term Success Intends to Initiate Voluntary Prepackaged Chapter 11 Proceedings to Implement Plan Continuing to Deliver High-Quality Therapies…
Victorian new home builder Harmac Group entered voluntary administration on Tuesday, a development which will pause construction projects across the state for weeks. But as the company makes the difficult decision to restructure, it said its intention remains that current builds will still be completed. Harmac Homes, Harmac Constructions, Harmac Urban Living and Ridge Homes…