Insolvency Guardian Media Centre
Paperchase is in talks with landlords about a store restructuring plan to reduce its shop bills by linking rent to store turnover.
The greeting cards retailer is proposing a new style of company voluntary arrangement (CVA) to its landlords, which it hopes would avoid drastic store closures but give the business more headroom by reducing its property costs.
At the same time, Paperchases advisers at KPMG are still holding talks with potential rescue buyers for the business. The sale process is understood to have attracted interest from turnaround firms.
It is unclear at this stage whether Paperchase will opt for a CVA or sale but the retailer is understood to have been encouraged by constructive…
Read the full article at: https://www.telegraph.co.uk/business/2019/02/10/paperchase-restructuring-plan-link-rent-turnover/
By E Jayashree Kurup
It has been a harsh winters for consumers and developers for the real estate sector. But this period has also coincided with some welcome structural and policy changes that will usher in long-term gains for the sector.
Demonetisation
The sector was battling weak consumer sentiments due to poor deliveries when demonetisation brought down property prices further. While houses became more affordable after demonetisation, the sector now faces a liquidity crunch as funding has become scarce.
RERA: Real Estate (Regulation & Development) Act
The grievance redressal mechanism of RERA, enacted in May 2016, improved consumer and investor confidence by focusing on transparency. According a Magicbricks poll, around 56% of hom…
Read the full article at: https://economictimes.indiatimes.com/industry/services/property-/-cstruction/ground-realty-after-harsh-winters-consumers-and-developers-get-ready-for-long-term-gains/articleshow/67918611.cms
An Post is planning a 5 million refresh of its brand to make it more relevant in the digital age.
The wavy lines which represent a franking mark on a letter that have featured since the An Post brand first appeared in 1984 have gone and been replaced with a mobius symbol incorporated into the o in the name, which is supposed to represent ongoing change and connectedness.
An Post is also adopting a more modern shade of green for its refreshed corporate identity, which it hopes will stand out more in the physical and digital e…
Read the full article at: https://www.irishtimes.com/business/an-post-to-deliver-a-5m-new-look-for-mail-and-parcel-businesses-1.3787179
We refer to the intimation made on February 04, 2019 for 16th Meeting of Committee of Creditors (COC) and would further like to inform you that the said meeting was conducted on February 06, 2019 to discuss the outcome of the e-voting held on the resolution plan.
This letter may be treated as communication under Regulation 30 and any other applicable provisions, if any, of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
Source : BSE – www.bseindia.com
Read the full article at: https://www.thehindubusinessline.com/companies/announcements/others/ushdev-international-ltd-corporate-insolvency-resolution-process-cirp-updates-corporate-insolvency-resolution-process-cirp/article26213834.ece
Riga, Latvia, 2019-02-08 21:58 CET (GLOBE NEWSWIRE) —
ABLV Bank, AS in liquidation (hereinafter the Company) has carried out reorganisation of the companies of the group and within the framework of the reorganisation the Companys subsidiary New Hanza Capital, AS has become an owner of 100% of shares of NHC 5, SIA. The Company retains indirect significant participation in the company NHC 5, SIA.
Given the started liquidation of the Company, real estate development and management are not its future priority, thus the real estate companies of the group are being gradually prepared for sale, which is one of the tasks of the Companys liquidators.
NHC 5, SIA now owns two real estate objects in Riga an office building at 23 Elizabetes …
Read the full article at: https://globenewswire.com/news-release/2019/02/08/1716206/0/en/On-Changes-in-the-Group-of-ABLV-Bank-AS-in-Liquidation.html
Dealing with mental health can be tricky.
But when you throw debt into the mix, it can feel like its all too much.
Debt can be both a cause and a consequence of mental health problems.
According to charity Mind, one in 11 people in the UK is in debt, increasing to one in four for those suffering with mental health problems.
And if you have depression and are in financial difficulty, you are far more likely to remain unwell than someone without debt problems.
Stephen Finlayson, Head of Innovation and Improvement at Penumbra, a Scottish mental health charity, said: Theres a very strong connection between debt and mental health.
It can be a bit of a vicious circle. If you already have poor mental health, theres a significant chance that thi…
Read the full article at: https://www.dailyrecord.co.uk/special-features/debt-help-mental-health-worries-13954874
While debt consolidation offers may sound appealing, especially if the new loan offers an attractive initial interest rate, it is important to consider all the factors before picking one up.
By: Hitesh Khan/
If you are like most Singaporeans, your email and mailbox may be filled with offers for credit cards, mortgage refinancing and personal loans. Many of those offers stress the benefits of moving existing balances to the new lenders. While that may sound appealing, especially if the new loan offers an attractive initial interest rate, it is important to consider all the factors associated with debt consolidation.
Moving all your outstanding loan balances to one lender will not reduce the amount you owe. You must ulti…
Read the full article at: http://finance.theindependent.sg/debt-consolidation-is-debt-management-not-debt-elimination/
April 2011: “The club has been rescued, thank God, of the fantastic heritage of Liverpool Football Club, but it was a close call.”
William Gaillard, adviser to UEFA president Michel Platini.
May 2012: People have short memories, its only 15-16 months ago we were a day away from being in administration. We are now stable financially. Its year one of what they (Fenway) said when they bought the club would be a long journey. Christian Purslow, Liverpool .
February 8, 2019: “My personal view is that this is a really significant turnaround. We have come from near bankruptcy not that long ago to being really successful, competitive and improving across the board.” Andy Hughes, LFC Chief Financial Officer.
Just eight years after a pair of Ameri…
Read the full article at: https://www.liverpoolecho.co.uk/sport/football/football-news/how-fsg-pulled-economic-miracle-15796583
FULLBEAUTY Brands Holdings has completed a financial restructuring to emerge from chapter 11 bankruptcy with around $35m in new financing.
The company has cleared approximately $900m of debt during the bankruptcy process.
In January 2019, the fashion brand signed a comprehensive restructuring support agreement with its key stakeholders, including equity sponsors Apax Partners and Charlesbank Capital Partners, in an effort to reduce the debt.
Now that the company has emerged from bankruptcy, affiliates of Apax Partners and Charlesbank Capital Partners will now acquire minority stakes for thei…
Read the full article at: https://www.retail-insight-network.com/news/fullbeauty-financial-restructuring-bankruptcy/
Terence Coventry, from Gainsborough, Lincolnshire, was appointed the sole director of Alliance Traffic Services Ltd in April 2016 before he caused the company to enter into a factoring agreement a month later.
The factoring agreement, which Coventry personally guaranteed, set out the terms where an independent finance company would buy Alliance Traffic Services invoices in return for advanced finances.
However, between May 2016 and March 2017, Coventry abused his position of trust as a director and caused of Alliance Traffic Service to breach the terms and conditions of the factoring agreement, despite being personally liable.
He failed to ensure company sales invoices were correctly produced and some customers paid money directly to Allian…
Read the full article at: https://www.accountancydaily.co/extended-bankruptcy-after-boss-caused-ps177k-loss-finance-company
CEDARHURST, N.Y., Feb. 08, 2019 (GLOBE NEWSWIRE) — The securities litigation law firm of Kuznicki Law PLLC issues the following notice on behalf of shareholders of the following publicly traded companies. Shareholders who purchased shares in these companies during the dates listed below are encouraged to contact the firm regarding possible appointment as lead plaintiff and a preliminary estimate of their recoverable losses.
If you wish to choose counsel to represent you and the class, you must apply to be appointed lead plaintiff and be selected by the Court. The lead plaintiff will direct the litigation and participate in important decisions including whether to accept a settlement for the class in the action. The lead plaintiff w…
Read the full article at: https://globenewswire.com/news-release/2019/02/08/1714266/0/en/FILING-DEADLINE-Kuznicki-Law-PLLC-Announces-Class-Actions-on-Behalf-of-Shareholders-of-YRIV-ALKS-MAXR-and-TYME.html
(Reuters) – Arconic said on Friday it would split into two companies and slashed its quarterly dividend by two-thirds, just weeks after the U.S. aluminum products maker spurned a buyout offer from Apollo Global Management.
The company, formed following a split of Aloca Corp in 2016, plans to spin off one of its core divisions later.
Arconic has been under pressure from its biggest shareholder Elliott Management Corp to sell itself and Apollos offer last month could have valued the company at about $17 billion.
However, potential legal liabilities from its smaller building and construction systems unit likely put a question mark on the valuation.
The unit had supplied the Reynobond PE panels used in the cladding of the Grenfell Tower apar…
Read the full article at: https://www.reuters.com/article/us-arconic-restructuring/arconic-plans-to-split-its-two-core-businesses-idUSKCN1PX1IQ