Highlights French govt reportedly offers loan to wheelmaker Talks with union end at Poitou iron foundry Financier collapse compounded pandemic impact London Alvance Aluminium, part of the GFG Alliance Group, confirmed April 26 that its three downstream engineering businesses in France have been placed into voluntary administration on structural market changes and a lack of…
Small businesses that have accepted government support in the form of CBILS and Bounce Back Loans may find themselves at a crossroads as they seek a way through distress into recovery. We speak to Rebecca Dacre, Partner at Mazars, and a licensed insolvency practitioner. I work with privately owned businesses lots of them are family…
HOUSTON, April 26, 2021 /PRNewswire/ –Diamond Offshore Drilling, Inc. (“Diamond” or the “Company”) announced today that, on April 23, 2021, it and its debtor affiliates emerged from their chapter 11 process after successfully completing a financial reorganization pursuant to their joint plan of reorganization. The restructuring significantly delevers the Company’s balance sheet and provides substantial…
Newly-engaged Katie Price celebrated bankruptcy as the “best thing that’s ever happened to me”. Once worth a staggering 45million, the former glamour model revealed her bankruptcy has allowed her to have the last laugh. In a new interview, the mother-of-five said everyone who tried to get “everything” out of her “financially” no longer can take…
The VIP casino patron, who got the Singaporean courts favour not to pay his baccarat debt of AU$43 million to a gambling venue in Australia, will now have to explain the reasons for his unwillingness to appear before an Australian court to finally sort the matter out. As Casino Guardian reported at the beginning of…
26 April 2021 Consultancy.eu 2 min. read Global strategy consulting firm Roland Berger has added three new partners to its Restructuring practice in Germany and France. In France, Roland Berger admitted the 48-year-old Benot Hochet into its Paris partnership. Appointed a partner and co-head of the French Restructuring, Performance & Transformation practice, Hochet has ben…
Small Caps | 12:28 PM This story features ACCENT GROUP LIMITED. For more info SHARE ANALYSIS: AX1 Accent Group has stepped into apparel, taking on the challenge of reinvigorating a struggling retail operation -Potential for upside from a small investment-Time-consuming restructure of Glue Store likely-Not without risks By Eva Brocklehurst In the pursuit of growth,…
Personal Finance Simple restructuring tips during recession Monday April 26 2021 By CATHY MPUTHIAMore by this Author Summary During this time of economic recession, businesses need every sound financial management strategies to survive. Covid restrictions and the economic recession necessitate some businesses to undergo some forms of restructuring to survive. Corporate restructuring involves a major…