MEXICO CITY In the wake of announcing the closing of a baking plant in New Mexico, Grupo Bimbo SAB de CV said it is planning a restructuring of its North American businesses. Brief comments about the restructuring were shared Feb. 19 in a call with investment analysts in connection with the release of Bimbos financial…
The Body Shop India on Wednesday said that recent announcement on plans to restructure the UK business will not have an impact on the India business and all its stores will operate as usual. India operations of the brand are run by the franchise partner, Quest Retail, and the administration process relates to the Body…
CHICAGO (February 20, 2024) – Seyfarth Shaw LLP announced today that James M. Sullivan, an experienced corporate restructuring and bankruptcy lawyer, has joined the firm as partner in its corporate department and a member of the newly formed Restructuring & Insolvency practice. Sullivans addition continues the growth of the firms New York office, which has grown…
Will Equitize over 80% of the Companys Debt and Establish a Robust Capital Structure to Drive Long-Term Growth Audacy Expects to Emerge from Chapter 11 Process Following Regulatory Approval from the Federal Communications Commission Audacy is Poised to Capitalize on Growth Opportunities as a Scaled, Leading Multi-Platform Audio Content and Entertainment Company with Distinctive Competitive…
TikToks plan to cut hundreds of jobs was revealed on the same day that the EU announced an investigation into the company over potential DSA breaches. TikToks global restructuring efforts are being felt in Ireland, as the company plans to cut a number of Irish jobs as a result. The company has not confirmed how…
Norwegian clean energy company Horisont Energi is about to wrap up corporate restructuring, transferring all rights and obligations related to clean ammonia, CO2 transportation and storage, and CO2 infrastructure into three separate and wholly-owned subsidiaries. Courtesy of Horisont Energi The corporate restructuring was proposed on December 22, 2023, at the extraordinary general meeting. In a…
Asahi recently announced its FY2023 full-year financial results, reporting 6.8% year-on-year growth in revenue to JPY2.77tn (US$18.4bn) and 3.9% year-on-year growth in core operating profits to JPY263.7bn (US$1.75bn). The firm attributed the revenue growth to unit sales price increases and premiumisation. Asahi conducted a wide-scale restructuring of its business governance in 2022, including the establishment…
Asahi recently announced its FY2023 full-year financial results, reporting 6.8% year-on-year growth in revenue to JPY2.77tn (US$18.4bn) and 3.9% year-on-year growth in core operating profits to JPY263.7bn (US$1.75bn). The firm attributed the revenue growth to unit sales price increases and premiumisation. Asahi recently completed a wide-scale restructuring of its business governance, establishing a six-person Executive…
The Body Shop was founded in 1976 by Anita Roddick The UK arm of The Body Shop, the near 50-year-old cosmetics company renowned for ethical hair and skin products, has entered administration, administrators said Tuesday, placing thousands of jobs at risk. The retailer has appointed experts from FRP Advisory to oversee administration — a UK…
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