[Getty Images] Superdry has announced it will delist from the London Stock Exchange in a huge restructuring aimed at turning the fashion retailer’s fortunes around. It said it would be forced to enter into administration if it did not go ahead with the plans. Julian Dunkerton, Superdry’s chief executive and co-founder, said the announcement marked…
Troy Doyle Troy Doyle joins Rimon Law as partner and chair of the firms global restructuring group in Singapore. Doyle brings more than two decades of expertise in restructuring and insolvency across Asia, the US and the UK. His career includes senior positions at esteemed firms such as DLA Piper, Reed Smith and Gibson Dunn…
Lakeland Dairies made a loss of 8.1 million last year, down from the profit of 24.5 million the previous year, on the back of weaker dairy market returns and a once-off 14.5 million charge related to the restructuring of its business. The cross-Border dairy group last year closed three plants and made over 50 staff…
The US Bankruptcy Court for the Southern District of Texas has approved a Chapter 11 restructuring plan for Instant Brands, the company announced in late February. Under the terms of the plan, Instant Brands will reorganise its housewares business under new lender-controlled ownership. As part of the restructuring, Instant Brands lenders will offer financing to…
UK fashion retailer Superdry has warned it could go bust unless it launches a sweeping restructuring plan and said it would delist from the London stock market, sending its shares down by more than a quarter. The chain is seeking rent reductions on 39 of its about 100 UK stores to be able to stay…
(Bloomberg) — Sri Lankas first round of talks with dollar bondholders failed to yield an agreement, sending bonds lower, even as the South Asian country hopes to reach a deal in the next few weeks. Most Read from Bloomberg The nations 7.55% 2030 bond fell as much as 2.8 cents to 53.94 cents on the…
San Francisco-headquartered law firm Rimon, which operates using a decentralised, distributed model, has brought on board Troy Doyle as partner and chair of its global restructuring group. Doyle, who is based in Singapore, joins from Gibson, Dunn & Crutcher, where he was co-head of the firms business restructuring and reorganisation practice. With over two decades…
FASHION RETAIL NEWS UK 16 April, 2024 | by Angela Beevers Superdry is launching a restructuring plan as it looks to ensure the survival of the struggling fashion business. This will include an equity raise, slashing rents on some of its stores and delisting from the London Stock Exchange. It follows Superdrys previous announcement that…
Education Minister Jason Clare with Professor Mary OKane AC [Photo: X/@JasonClareMP] The Rank-and-File Committee at Sydneys Macquarie University hosted an online forum this week to discuss the far-reaching implications for all levels of education of the Australian Labor governments Universities Accord final report. The committee, established last year by supporters of the Socialist Equality Party,…
Allen & Overy has hired its second partner from the London arm of Milbank so far this year, bolstering its restructuring practice with the addition of partner Karen McMaster. Recognised as a leading individual in The Legal 500, McMaster leaves Milbank after six years at the US firm. Her experience includes advising on debt restructuring and…