The total number of Scottish business failures fell by 4 per cent last year, but there was a sharp rise in the final quarter. KPMG said that it had recorded 902 corporate insolvency appointments in 2015, down from 943 in 2014 and the high of 1,287 from 2011. However, there was an increase in liquidations…
Charney and backers, Hagan Capital Group and Silver Creek Capital, had made a $300 million for the company, which was rejected by American Apparels board. The proposal would have brought back Charney, who was fired as CEO in 2014 after allegations of misconduct. In his testimony in bankruptcy court last week, Charney accused company executives…
Mitch Hooke has been recognised for his work in the mining industry. Photo: Sean Davey Mitch Hooke, the man who spearheaded the campaign to derail Keven Rudd’s mining tax – and helped kill the Labor leader’s prime ministership – has received top honours on this Australia Day for his services to the mining industry. In 2013, Hooke…
Wincor Nixdorf AG saw net sales rise by 14% year on year in the first quarter of the current fiscal year 2015/2016, while operating profit (EBITA) before restructuring expenses increased by 78%. After restructuring expenses EBITA was up by 46%. In absolute terms, net sales generated by the Group totaled 727 million (previous year:…
Toshiba is considering to sell its less profitable semiconductor businesses including its System LSI business to concentrate resources in advanced NAND, flash memory, and nuclear power generators and other coal fire equipment, according to a recent Nikkei report. The report pointed out with the exception of NAND flash operations, Toshiba planned to sell most of…
Zombies are blocking the way for Japanese entrepreneurs. Imagine that you’re a Japanese 26-year-old with big dreams. You graduated from Waseda University, an elite private school, with a degree in electrical engineering. You and your university buddies used to hang around your apartment, watching anime on your LCD television, which was made by Sharp Corp, the…