No entrepreneur relishes restructuring their business. It can be complex and time consuming, but that doesnt stop it from being worthwhile. Restructuring can be prompted by a number of different things some are the consequence of success, the result of disagreements, or simply commercial imperatives. They might arise, for example, because of a founder leaving,…
Prestige Group , one of the largest listed real estate companies in the country, is gearing up for greater things given that the uncertainty caused by the Real Estate Regulatory Act (RERA) and the Goods and Services Tax (GST) is behind us. The company recently concluded a corporate restructuring to take the business to the…
Share Tweet Share Share Email Seven West Media has reported the companys financial results for FY17. Commenting, the managing director and CEO Tim Worner said: Our results reflect a tough market, one that continues to change at pace, but a pace that we must match in our transformation. Despite these tougher conditions, we continue to lead…
Payless ShoeSource today announced that its North American entities have successfully emerged from its Chapter 11 restructuring as the number one specialty footwear retailer in the United States and one of the largest in the world. It has about 3,500 brick and mortar stores, 400 of which are in Latin America and the Caribbean. It…
Steel producer ArcelorMittal South Africa (AMSA) announced on Tuesday that it had initiated consultations with employees regarding its proposed business-restructuring programme, which could result in job losses. CEO Wim de Klerk said in a statement that it was premature to provide an estimate as to the number of employees who could be retrenched. However, it…
80,000 Bonus Points – Westpac Altitude Black Ad Your choice of rewards program + complimentary insurance covers. Reduced annual card fee 1st year. With Qantas Rewards get 2 complimentary Qantas Lounge invitations per year. Priority Pass airport lounge access if you choose Altitude Rewards. New cards only. Min spend. T&Cs apply. Click here. by Bloomberg…
Anubhav SahuMoneycontrol research The earnings report from Tata Global Beverage revealed a continuation of improving profitability of its Indian operations and restructuring of the international businesses. Despite GST, the company witnessed growth supported by volumes. In our view, Tata Globals latest initiatives on restructuring are directionally positive steps. We believe that the latest developments have…
Cathay Pacific Airways could face further pressure for another round of cost-cutting in the face of an estimated HK$1.2 billion in losses for the first six months of this year one of the worst results in its operating history, according to analysts. The figure was compared to a HK$353 million profit in the same period…
Rail freight operator Aurizon has announced the closure of its Forrestfield terminal by the end of the year, as part of a national restructure that will result in the loss of 250 jobs. Brisbane-based Aurizon said today it would close all of its intermodal operations outside Queensland. In addition, it has agreed to sell its…
Aug 14 (Reuters) – The following are the top stories on the business pages of British newspapers. Reuters has not verified these stories and does not vouch for their accuracy. The Times – The number of air passengers arrested for drunken misbehaviour on flights and in airports has risen by 50 percent in the past…