MedMens dispensary at 110 S. Robertson Blvd. in Beverly Hills. Culver City-based cannabis retailer MedMen Enterprises Inc., which has struggled financially for several years, is pinning its hopes on a turnaround specialist whos already making progress with a difficult restructuring. Tom Lynch was made the permanent chief executive of MedMen on July 15 after more…
The Finance Minister Nirmala Sitharaman on Monday introduced a Bill in the Lok Sabha to provide statutory backing to pre-packaged insolvency resolution process (pre-pack) regime for companies classified as micro, small and medium enterprises (MSMEs). This Bill Insolvency and Bankruptcy Code (amendment ) Bill 2021 once passed by Parliament would replace an ordinance that Centre…
Non-Fiction updates Sign up to myFT Daily Digest to be the first to know about Non-Fiction news. Somebody tell me where Ken Liangs breakfast is so I can dip my balls in it, yelled David Sambur. So begins chapter 30 of The Caesars Palace Coup. That kind of remark passes for humour in the rarefied…
X Register for free to receive latest news stories direct to your inbox Register West Midlands businesses are being urged to take swift action if their finances are under pressure after new Government figures reveal corporate insolvencies have hit their third highest monthly total since the start of the pandemic. The warning comes from insolvency…
David Tannock With more than 18 years experience in the insolvency sector, David joins from an accountancy and business advisory services firm in Glasgow where he spent almost four years as an insolvency manager, having previously worked for another chartered accountancy practice in the city for nine years. David has a broad range of experience…
1. How big is the problem? Chinese defaults were at a record pace by mid-year with more than $25 billion in onshore and offshore payment failures. That compares to $29.9 billion for all of 2020. Defaults in the private sector in China actually dropped early last year, largely due to pandemic-related pressure valves such as…