Category Archives: Restructuring

Monitronics International Files Voluntary Chapter 11 to Restructure and Strengthen Balance Sheet – GlobeNewswire

Committed to Operating Its Business as Usual, Including Providing Powerful Home Security to Customers Without Interruption Secures Commitment of $245 Million in Debtor-in-Possession Financing to Support Business Operations ENGLEWOOD, Colo., July 01, 2019 (GLOBE NEWSWIRE) — Monitronics International, Inc. (Monitronics or the Company), the wholly owned subsidiary of Ascent Capital Group, Inc. (Ascent) (NASDAQ: ASCMA),…

Troubled shoe chain Office could close some stores as part of restructuring, Sky reports – The Independent

Shoe retailer Office could close some of its roughly 100 stores as part of a restructuring programme, Sky News has reported. The firm has appointed consultancy Alvarez & Marsal, to draw up plans for a company voluntary arrangement or CVA, a procedure used by insolvent businesses, Sky said citing sources. … Read the full article…

Blank screens at Deutsche in New York – The Australian Financial Review

In recent years, the business has been a source of regulatory and political headaches while losing ground and talent to rivals. Deutsche Bank now plans to tell hundreds of US equities and rates traders that they will no longer be employed there, people familiar with the matter told Bloomberg. Chief Executive Officer Christian Sewing may…

Leading German restructuring advisory firm joins FTI Consulting – Consultancy.eu

Andersch, one of Germanys leading restructuring advisory firms has joined FTI Consulting, a global US-headquartered consultancy. The deal sees FTI bolster its German and European restructuring division with around 90 consultants. We look forward to welcoming the entire Andersch team to FTI Consulting, said Steven Gunby, President and Chief Executive Officer of FTI Consulting. Anderschs…

Riyad Bank approves restructuring Al Kathiri Holdings Islamic facility – Islamic Business & Finance

Shutterstock/JOAT Islamic Banking share this article The loan will be used to finance the companys working capital and to meet other business requirements.…

Deutsche Bank considering up to 20000 job cuts: Report – CNA

Deutsche Bank AG is considering cutting 15,000 to 20,000 jobs, or more than one in six full-time positions globally, the Wall Street Journal reported on Friday (Jun 28), citing people familiar with the discussions. The layoffs would probably take place over more than a year and would spread across regions and businesses, the Journal said.…

Brown Wright Stein promotes two female partners – Australasian Lawyer

Brown Wright Stein has elevated Gena Kawaguchi and Suzie Boulous to partner. The duos promotion from senior associate recognises their significant contributions to their clients and the firm, the Sydney boutique said. We are delighted to promote both Gena and Suzie to partner, said Peter Wright, managing partner. They are both those rare individuals who…

Ford to Slash Jobs as Part of European Shake-Up – Wall Street Journal

BERLIN Ford Motor Co. F 3.08% detailed plans to close factories in Europe and cut 12,000 jobs, or more than 20% of the companys workforce there, an effort to return to a profit in the region and focus on technologies that are reshaping the auto industry. The moves are part of a revamp of Fords…

Ford to cut 12,000 jobs in Europe as part of restructuring – Washington Post

By David McHugh|AP, FRANKFURT, Germany Carmaker Ford said Thursday it is shedding 12,000 jobs in Europe as it streamlines operations in the region to increase profitability. The job cuts are part of a broad restructuring that includes the already announced closure of six plants in Europe. Ford is reducing its total number of…

Godrej may see restructuring as clan differs on business strategy – Times of India

MUMBAI: Consumer goods-to-real estate conglomerate Godrej could see a restructuring as differences have surfaced between family members over the way forward for the 122-year-old, $5-billion enterprise. Group chairman Adi Godrej and his brother Nadir Godrej are on one side while cousins Jamshyd Godrej and Smitha Godrej Crishna are on the other. A TV report said…