At the beginning of May, Atos received four offers of help. Most recently, two offers were still in the running. A decision was supposed to be made in the first week of June, but the negotiations do not seem to have been easy. Now there is apparently a solution on the basis of which all…
Anne Marie Aaronson Dilworth Paxson Philadelphia Business Litigation, esp. Bankruptcy & Reorganization Derek Abbott Morris Nichols Wilmington Bankruptcy & Reorganization, esp. Litigation Jonathan Aberman Locke Lord Chicago Bankruptcy, Restructuring & Litigation Jacob A. Adlerstein Paul Weiss New York Bankruptcy & Corporate Restructuring David A. Agay McDonald Hopkins Chicago Business Restructuring Rachel Ehrlich Albanese DLA Piper…
The owner of some of London’s best-known restaurants, including The Wolseley, has called for fresh help from restructuring advisers more than two years after its parent company emerged from administration. Sky News has learnt that Minor Hotels has drafted in AlixPartners to advise on cashflow issues at Wolseley Hospitality Group. The project is said to…
After weeks of mulling it over, French IT company Atos has finally decided to go with key shareholder David Layani and his IT company Onepoints restructuring offer, as opposed to Czech billionaire Daniel Kretinskys. Currently, Onepoint owns about 11% of Atos total shares. ADVERTISEMENT Despite being the official tech partner of the 2024 Paris Summer…
By Denise Mueller, Chief Business Officer, Affimed Denise Mueller The world of work is more uncertain than ever and the biotechnology sector is no exception, especially as we see ongoing fluctuations in the market and shifting preferences among investors and potential business development partners. Our industry is still slowly coming back from an industrywide plummeting…
Restaurant group Tasty has become the first AIM-listed company to successfully secure a restructuring plan. The firm, which had faced an uncertain future after difficult trading conditions, was supported in securing the plan by experts from advisory firm FRP. Tasty is a branded restaurant operator in the UK casual dining market, with trading brands including…
Fintech giant One97 Communications Ltd, which owns the Paytm brand, has initiated undisclosed employee layoffs while simultaneously offering outplacement assistance for their smooth transition, according to a statement. During the March quarter, Paytm observed a reduction of approximately 3,500 sales employees, bringing the total count to 36,521 individuals, primarily due to the ramifications of the…
Retailers are increasingly considering redundancy and restructuring options, as economic headwinds and trading costs hit the bottom line. Ragtrader can reveal the workplace relations team at the National Retail Association has fielded more than double the number of retailer enquiries pertaining to redundancy and restructure from 1 January 2024 to May 2024, compared with the…
Experts from Shoosmithss corporate restructuring and advisory team have led the restaurant group Tasty PLC through a successful restructuring plan which was sanctioned at a hearing on 4 June 2024. The plan will allow a comprehensive restructuring of the Groups business and stabilise its future. This restructuring plan is the first restructuring plan of a…
The London-headquartered business – which is behind the dim-t and Wildwood restaurant chains – faced an uncertain future after persistent difficult trading conditions impacted its profitability. The business hired advisers from FRP to advise on the possibility of securinng a restructuring plan in the courts, a set of procedures and measures that were introduced as…