To give beleaguered Sears Canada a boost in 2014, employee Peter Myers recruited his famous brother, comedian Mike Myers, to star in a commercial for the retailer. The ad was a hit. It featured both Myers brothers using humorous banter to spread the message that, despite rumours, Sears wasn’t shutting down. “I was the face of ‘we’re…
In the lead up to this week’s election Waleed Aly gives an insight on company tax cuts. Courtesy: The Project/Network Ten The maker of Nurofen has defended its global tax arrangements. Picture: Kirsty Wigglesworth AS DONALD Trump so aptly put it, minimising your tax bill is the smart thing to do in business. But his…
Anubhav Sahu Moneycontrol Research Tata Global Beverages Ltd (TGBL), a relative laggard in the FMCG sector, is likely to catch the attention of serious investors thanks to its various restructuring initiatives. This stock could benefit from Tata Sons initiative of unwinding cross-holdings in group companies, which would help TGBL raise funds. There is also a…
Caesars Entertainment has received approval from the New Jersey Casino Control Commission (CCC) to restructure its business operations in Atlantic City. New Jerseys Casino Control Commission is allowing Caesars Entertainment to create a new operating division that will manage two of its three resorts in Atlantic City. (Image: Viviana Pernot/Press of Atlantic City) The corporate…
Third-generation family baker Mias has been put into administration, casting a cloud over about 150 jobs. Administrators from WA Insolvency Solutions were put into Canning Vale-based Mias Bakery and its associated milling business, West Coast Milling in Welshpool, on Tuesday by the companies sole director, Conrad Mias. Both businesses are continuing to trade with the…
Gymboree is closing 350 of its stores in what it deems to be a crucial step to restructure its business and emerge from Chapter 11 bankruptcy protection. The kids’ apparel chain said late Tuesday that it would start closing the stores beginning next on July 18. Gymboree, based in San Francisco, filed for Chapter 11…
Tata Global Beverages rose over 2 percent to hit a fresh 52-week high on the BSE on Wednesday on media reports which said that the company decided to sell its stake in various Tata group listed companies to its parent, Tata Sons, in the next few months. The restricting is a welcome step if it…
CORPORATE restructuring seems to be the buzzword in the current difficult economic environment and more competitive marketplace. It is a management term for the act of reorganising the legal, ownership, operations of a corporate entity, usually driven by the necessity to make financial adjustments to its assets and liabilities. Corporations restructure for many reasons. While…
Icon Water has been criticised for re-signing a $27 million per year shared services deal with ActewAGL before slashing a quarter of its staff, an arrangement that allegedly raised eyebrows among rank-and-file staff. The union that covers Icon Water’s engineering and technical staff, Professional Services Australia, said Icon renewed two contracts with ActewAGL for IT…
TRANSTEC AG: * SUCCESS OF RESTRUCTURING OF COMPANY AS WHOLE IS DOUBTFUL, REORGANIZATION OR SALE OF INDIVIDUAL BUSINESS UNITS BACK IN FOCUS * MANAGEMENT BOARD DECIDED TO CONCENTRATE PRIMARILY ON THE REORGANIZATION OR SALE OF INDIVIDUAL BUSINESS AREAS Source text for Eikon: Further company coverage: (Gdynia Newsroom) ‘); $(‘.second-article-divide’).append($(‘.slider.slider-module’)); $(‘.third-article-divide’).append(‘ Also In IT Services &…