In a leaked video, Ikea US head apologizes for restructuring that store employees say tanked morale and pit them against each other – Business Insider

Restructuring

IKEA US President Lars Petersson apologised in a video announcement sent to employees on Tuesday, following reports of the furniture retailers controversial restructuring. In the video, Petersson, along with Orlando store manager Monica Bogstad, outlined a plan to boost morale. Petersson said that management didnt see the balance between business and people the way we…

Folli Follie to seek nod for restructuring plan | Kathimerini – www.ekathimerini.com

Restructuring

Greek jewelry maker Folli Follie will seek creditor approval for a planned overhaul of the business, it said on Tuesday, after announcing details of its restructuring following lengthy discussions with advisers. This concerned a group of unsecured creditors who represent about 27 percent of almost 250 million euros of bonds due next year, as well…

Mount Shivalik Industries Ltd. – Corporate Insolvency Resolution Process (CIRP)-Updates – Corporate Insolvency Resolution Process (CIRP) – The Hindu BusinessLine

Liquidation

This is to inform you that 8th Meeting of Committee of Creditors (CoC) was held on 17.12.2018. In the said meeting, the Resolution Applicants presented their plans before the COC. The next meeting of COC is scheduled to be held on 26/12/2018 for further consideration of Resolution Plans. Kindly take the above on your records.…

Gurit Adjusts Operating Profit Guidance for FY 2018 and Announces both Restructuring and Divestment of Composite Components Business in 2019 – NETCOMPOSITES

Restructuring

Gurit has announced a revaluation of its operating profit potential for fiscal year 2018. Operating profit margin for the full year 2018 is now expected to come in at 6.5-7.5 % of net sales. Based on the recent business performance with continued losses in the Composite Components business, the Company revises its operating profit guidance…

Online travel agent Bestjet collapses, leaving Christmas holidays in tatters – PerthNow

Liquidation

Christmas travel plans for people who booked holidays with online travel agent Bestjet are in tatters after the company collapsed. The Australian Federation of Travel Agents issued a statement on Wednesday saying that the Brisbane-based company had gone into liquidation. Its website bestjet.com appears to have been taken offline, with a This page isnt working…