The federal government must allow accountants to play a more significant role in the provision of financial advice and should look to the SMSF sector as to the areas in which this move could make a significant difference, the head of the premier industry body has said. Speaking at the Institute of Public Accountants National…
Street Talk Dec 3, 2023 7.33pm Mid-market private equity firm Pemba Capitals National Disability Insurance Scheme services provider Oncall is understood to be weighing its options as it battles high debt levels. Oncall is a Victorian NDIS services business that has been expanding nationally under PE ownership. AAP Street Talk understands Oncall, Victorias largest disability and…
Dec 1 (Reuters) – Vans owner VF Corp (VFC.N) said on Thursday it has laid off about 500 employees as it aims to restructure its business and improve operations globally. The company has been struggling to survive a tough U.S. retail environment in which customers have been cutting back non-essential spending. It had in October…
VF Corp (VFC) announced on Thursday that it had dismissed about 500 employees as part of business restructuring effort and global operations improvement. The job reductions occurred across all of the companys brands, corporate functions and geographies. In October, the Vans owner had come under pressure from investor firms Legion Partners Asset Management and Engaged…
Welcome back to the Big Law Business column. Im Roy Strom, and today we look at how Sidley Austin plans to try to crack to the upper echelon of Big Law restructuring practices. Sign up to receive this column in your Inbox on Thursday mornings. Building a top company-side bankruptcy practice is a great white…
Street Talk Nov 16, 2023 11.24am Heres one that slipped under the radar. Distressed debt guru Dominic Emmett is set to launch his own eponymously named firm. Dominic Emmett, top corporate restructuring partner and founder of Emmett Law. The notoriously low-profile lawyer, considered to be the godfather of complex distressed debt and special situations in…
Iress has claimed improved customer sentiment and reduced costs due to its corporate restructuring and cutting staff numbers. The firm announced earlier this year it would reduce its staff numbers by 10 per cent, Managed Fund Administration and platform services, amongst other initiatives to improve business bottom line and pay off debt. In an update…
Home News Japans Mitsui Chemicals restructuring continues amid Asia oversupply Nurluqman Suratman 30-Nov-2023 SHARE THIS SINGAPORE (ICIS)Japans Mitsui Chemicals is considering downsizing its domestic phenols business, as well as optimize domestic cracker and polyolefin operations, as part of its business restructuring, to transition into a specialty chemicals producer by the end of the decade. The…
LUXEMBOURG, Nov. 29, 2023 /CNW/ – Lorito Holdings S..r.l (“Lorito”), a private company controlled by trusts settled by the late Adolf H. Lundin, of 40, Boulevard Grande Duchesse Charlotte, L-1330 Luxembourg, announces that on November 28, 2023, it completed an internal corporate restructuring. As part of the restructuring, Lorito changed its name to Lorito Doraline S..r.l (“Lorito…
NEW YORK, Nov. 29, 2023 (GLOBE NEWSWIRE) — Epiq has been named a winner of the M&A Advisor Consumer Discretionary Deal of The Year Award (over $100MM) and was recognized for setting an extremely high standard of dealmaking. The award honors Epiq Corporate Restructuring Group and its role in the $1.59 billion restructuring of Serta…