Forever 21 considering restructuring and store visit shows why: report – Business Insider

Forever 21 is reportedly considering teaming up with a private-equity firm to finance a large-scale restructuring plan. Though the retailer has long been a favourite among teen shoppers, its lost its footing amid rising competition from other low-priced apparel stores and trendy e-commerce companies. We shopped at a Forever 21 store to see why the…

Bank of Baroda tags Dighi Port chairman Vijay Kalantri as wilful defaulter – Business Today

State-owned lender Bank of Baroda (BoB) has declared Vijay Goverdhandas Kalantri, chairman and managing director of Dighi Port, as a “wilful defaulter” for not repaying his loans, suggested media report. The leading industrialist Vijay Goverdhandas Kalantri and his son Vishal Kalantri, director of Dighi Port, owe nearly Rs 3,334 crore to a consortium of 16…

Reliance Communications Ltd. – Corporate Insolvency Resolution Process (CIRP)-Updates – Corporate Insolvency Resolution Process (CIRP) – The Hindu BusinessLine

In continuation of our earlier communication dated 31 May, 2019 regarding outcome of first meeting of CoC, we wish to inform you that the e-voting for the resolutions put to vote at the first meeting of the CoC of the Company commenced at 3 June, 2019, at 5:00 p.m. and concluded on 4 June, 2019…

Tayo Rolls Ltd. – Corporate Insolvency Resolution Process (CIRP)-Intimation of meeting of Committee of Creditors – The Hindu BusinessLine

This is to inform you that in accordance with the applicable provisions of the Insolvency and Bankruptcy Board of India (Insolvency Resolution Process for Corporate Persons) Regulations, 2016 (CIRP Regulations), the Second Meeting of the Committee of Creditors of TAYO Rolls Limited (the Company / the Corporate Debtor), will be held on Thursday, 6th June,…

CohnReznick Adds Four Partners to Restructuring & Dispute Resolution Practice – Business Wire

NEW YORK–(BUSINESS WIRE)–CohnReznick LLP, one of the leading advisory, assurance, and tax firms in the United States, has announced the addition of four partners and principals to its Restructuring & Dispute Resolution practice. Cynthia Romano, CTP, Principal, will join Kevin Clancy in co-leading the practice, collectively responsible for strategic growth, client relations, marketing, and talent…

Forever 21 is reportedly exploring a restructuring deal – Business Insider Australia

Forever 21 is exploring a restructuring deal to turn around its business, Bloomberg reported, citing people familiar with the matter. Forever 21 is a private company and does not release financials. However, in recent years the teen-focused chain has shown signs of struggle, especially in its international locations, where it has closed several stores. A…