Getir, one of the world’s largest grocery delivery platforms, is in talks about a radical restructuring just two years after it was valued at nearly $12bn (9.6bn). Sky News has learnt that Getir, which was founded in Turkey and now operates in five markets including the UK, is examining a number of options as part…
NEW YORK, April 12, 2024–(BUSINESS WIRE)–Kroll, the leading independent provider of global risk and financial advisory solutions, announced today the expansion of its Restructuring practice with the appointment of Angela Barkhouse. Barkhouse will lead Krolls Offshore Restructuring business internationally and co-lead Krolls Cayman Islands and British Virgin Islands operations with Mitchell Mansfield. Based in the…
The Australian Taxation Office has moved swiftly to try and instigate a wholesale restructure of its mammoth Service Delivery Group (SDG), as the revenue agency tries to consolidate and simplify overlapping or duplicated functions in its main customer-facing arm amid a big push to call in debts. Tax employees and unions this week moved into…
The simplified debt restructuring process was largely successful although the number of companies involved was small. By Keeli Cambourne 19 January 2023 8 minute read ASIC has outlined its findings on all the small business restructuring practitioner appointments for the 18-month period to 30 June 2022 in the first assessment of the scheme. Youre out…
Alibaba founder Jack Ma is giving his e-commerce company and its executives some much-needed praise. Just over a year ago, the Chinese tech giant announced an ambitious restructuring planonly to hit stumbles due to new domestic competition, a management reshuffle, and geopolitical rivalry. But on Wednesday, Ma took to Alibabas internal forums to express strong support…
Topline Alibaba cofounder Jack Ma endorsed the Chinese giants sweeping restructuring efforts and praised company leadership in a memo to employees, according to news reports, prompting a surge in shares and marking a rare return to the spotlight for the billionaire after spending years lying low in the wake of a dramatic clash with Beijing.…
US-based alcohol-free retailer Boisson will close all of its stores as part of a restructuring of its business, which will focus on wholesale distribution and e-commerce. Boissons West Village store in New York City In a statement on LinkedIn on 6 April, Boisson CEO Sheetal Aiyer said the companys board of directors had decided to…
Barclays PLCs BCS business restructuring and cost-mitigating efforts are likely to aid growth and boost operating efficiency. The companys recent inorganic expansion initiatives are expected to further boost its profitability. However, uncertainties in the capital markets are likely to impede revenue growth to some extent. BCS initiatives to enhance operating efficiency over the last few…
Apr 7, 2024 1.31pm Subscribe to gift this article Gift 5 articles to anyone you choose each month when you subscribe. Subscribe now Already a subscriber? Healthscopes lenders have appointed McGrathNicol to help restructure about $1.6 billion in debt they refinanced for the hospital operator just one year ago. McGrathNicol and fellow restructuring specialist Houlihan…
The coronavirus (COVID-19) pandemic was a black swan event that caused huge disruption and distress for many companies. Though it has receded, companies have been forced to contend with other financial and geopolitical challenges. Inflation, higher interest rates and wars in Ukraine and the Middle East have contributed to the squeeze. At the same time,…