Myer approached by distressed debt experts, lenders – The Australian Financial Review

Debt Help

Distressed debt experts and investors are approaching Myer offering to help refinance banking facilities as the beleaguered department store retailer moves closer to appointing a new chief executive. Sources close to Myer say boutique financial adviser Houlihan Lokey  which helped restructure about $500 million of debt at South African retailer Edcon in 2016 and is advising lenders to heavily indebted US department…

Analysis: Sanctions batter Rusal’s overseas supply chain, restructuring seen – Business Standard

Restructuring

By Eric Onstad and Polina Devitt LONDON/MOSCOW (Reuters) – Russia’s Rusal may be forced to divest most of its portfolio of overseas operations if the aluminium giant cannot restructure them to evade U.S. sanctions and ensure a flow of raw materials. U.S. sanctions imposed against key allies of Russian President Putin have already…

Market Live: Nifty holds 10550; FMCG index up 2%, Bharti Group stocks gain – Moneycontrol.com

Liquidation

2:05 pm Europe Trade: European markets were slightly higher, as investors monitored a fresh batch of corporate earnings and economic data. France’s CAC was up 0.47 percent, Germany’s DAX 0.33 percent and Britain’s FTSE gained 0.82 percent. 1:55 pm Gold Snaps 3-session of Gain: Gold prices slipped after rising for three straight sessions as investors opted for…

Perth’s Sasha deBretton places rich-list renovation companies into liquidation – PerthNow

Liquidation

Sasha deBretton Perths self-styled queen of rich-list renovations has placed her group of companies, including the flagship Million Dollar Makeovers, into liquidation. As of the first week of this month, three of Ms deBrettons firms were in the hands of liquidators Cameron Shaw and Brent Kijurina, working for accountants Hall Chadwick. In contrast to Ms…

Parent company of Herberger’s could be headed for liquidation – West Central Tribune

Liquidation

A court-supervised auction of the bankrupt business started on Monday. According to Reuters, sources familiar with the matter said the only bidders were liquidators. If the U.S. Bankruptcy Court in Wilmington, Delaware, approves the sale of Bon-Ton to a liquidator, it could mean the closure of all Bon-Ton stores, including the Herberger’s and Herbergers Home…