The cinema giant hopes to emerge from Chapter 11 proceeding by mid-year, with CEO Mooky Greidinger calling the agreement with lenders “a vote-of-confidence in our business.” April 2, 2023 11:53pm Cineworld in London’s Leicester Square Courtesy of Cineworld Movie theater giant Cineworld said early Monday London time that it has struck an agreement with lenders…
SHANGHAI/HONG KONG: Alibaba Groups restructuring will allow all its business units to become more agile and enhance faster decision-making and responses to market changes, the tech conglomerates chief executive Daniel Zhang said on Thursday. Alibaba began laying the groundwork for the restructuring over the past few years, he told a conference call, adding in future…
Michael Baumkirchner leads the Esoteric Asset-backed Securitization (ABS) offering within FTI Consultings Lender Services practice. Mr. Baumkirchner specializes in providing transaction advisory and backup manager services to clients involved in esoteric ABS transactions. He has 25 years of experience providing financial and business advice to clients involved in corporate restructurings and capital market transactions. His…
PARIS, Feb 1 (Reuters) – French nursing care homes company Orpea SA (ORP.PA), whose shares lost more than 90% in value last year after charges of malpractice at its homes, said on Wednesday that in principle it had reached a financial restructuring deal with investors. Orpea said the deal, reached with French state financial institution…
UNIVERSITY PARK, Pa. In support of Penn States efforts to optimize its organizational operating structure, the Universitys Finance and Business unit has undergone a reorganization that will elevate three Finance and Business staff members to increased leadership positions that take advantage of the forthcoming efficiencies to be created by the optimized service teams (OST) initiative.…
The RBAs latest growth forecasts indicate a further weakening in GDP growth and increasing interest rates. This will result in many companies, already diminished by two years of severe commercial disruption borne of COVID-19 impacts, facing continuing financial challenges. These are poised to increase due to the worsening economic climate, creating several headwinds for companies…
Metalcorp is a metals and minerals group that operates production and mining facilities across Europe and Africa. Aluminium, metals and concentrates comprise its primary business areas, three primary business areas, with its bulk goods and ferrous metals segment also contributing around 254.8 million in sales in 2021. Company-wide sales revenue for the first half of…
Arrival is going through another restructuring this time led by a newly appointed CEO that will slash its workforce by about 50% as the U.K.-based commercial EV company attempts to reduce operating costs and preserve cash. The company said Monday that Igor Torgov, former executive VP of digital at the company, has been hired as…
BUSINESS RESTRUCTURING REVIEWVOL. 22 NO. 1 JANUARYFEBRUARY 20231IN THIS ISSUE1 The Year In Bankruptcy: 20222 Lawyer Spotlight: Genna Ghaul and Nicholas J. Morin9 First Impressions: The Eleventh Circuit Examines 20-Day Administrative Expense Claims and the Subsequent New Value Preference Defense14 Sears Holding: A Case Study in Valuing Collateral in Chapter 1118 Appeal of Unstayed Order…
We strive to provide individuals with disabilities equal access to our website. If you would like information about this content we will be happy to work with you. Please email us at: [email protected] TWG is more than just a staple in Kiwis lives, says McKinsey partner Guilherme Riederer. Its also a story about how putting…