Celebrity chef Jamie Oliver is reportedly considering selling the steak restaurant business he started in 2011, as part of an ongoing restructuring process that also involves the well-known Jamies Italian chain of restaurants. Last week, British newspaper The Sun reported the Jamies Italian chain was $125.9 million (£71.5 million) in debt and Olivers restaurant group…
Noble Group Ltd., the commodity trader thats seeking to restructure its debt, said it expects to report a net loss of between $1.73 billion and $1.93 billion for the final quarter of last year, potentially bringing losses for all 2017 to almost $5 billion. For now, given talks with creditors and finance provided by its…
Gibson Brands Inc., one of the two most iconic guitar companies in music history, is facing bankruptcy after years of challenges, according to a report in the Nashville Post and other sources. The Post reports that the company, which has annual revenues of more than $1 billion, is less than six months away from $375…
Calcutta: Strategies deployed by ArcelorMittal and Nu Metal & Steel to extricate themselves from the legalese of the dreaded Section 29A of the Insolvency & Bankruptcy Code, 2016, will determine the future of Essar Steel’s corporate resolution process that has rolled into a decisive phase. As consultancy Grant Thornton and solicitor firm Cyril Amarchand Mangaldas…
DUBAI/KHOBAR, Saudi Arabia (Reuters) – Saudi Arabias cabinet has approved a bankruptcy law, sources familiar with the matter said on Sunday, giving a boost to efforts to make the kingdom more enticing to investors. Modern bankruptcy legislation does not currently exist in Saudi Arabia, creating difficulties for struggling companies seeking to restructure debt with creditors…
Bankrupt Nathan Tinkler living large in $13.5 million mansion PITY the lot of bankrupt billionaire Nathan Tinkler, living in paradise. When the counting was completed in 2016 after he was officially declared bankrupt, Mr Tinklers debts came in at more than $540 million. His wealth was harder to determine, but assets in his name at the end of last year did…
William White February 18, 2018 Global monetary policy has been ultra-easy for many years. Yet it is becoming clear it is now caught in a debt trap of its own making. Continuing on the current monetary path is ineffective and increasingly dangerous. But any reversal also involves great risks. It follows that the odds of…
Image caption Jamie Oliver’s restaurant business is facing some tough challenges Celebrity chef Jamie Oliver is considering selling his Barbecoa steakhouses, his company has confirmed. Barbecoa was set up by Jamie Oliver and his friend American barbecue expert Adam Perry Lang in 2011. It has two outlets in London: Piccadilly and St Paul’s. Jamie Oliver…
Both the Dalmia Bharat consortium and UltraTech offered around a 20% stake to Binani Cement creditors, people with knowledge of the matter said. Photo: Mint Mumbai: The race for Binani Cement Ltd is headed for a photo finish with top two contendersDalmia Bharat Cement Ltd and UltraTech Cement Ltdsubmitting nearly identical bids. The two finalists…
Primary Health Care boss Malcolm Parmenter remains confident he can turn the fortunes of the struggling medical centre business, while also revealing that the company is mulling a major rebranding that may result in a name change. The $1.9 billion company on Friday posted a 5 per cent increase in underlying net profit for the…