Dec. 6, 2023 7:20 pm ET|WSJ Pro Listen (1 min) Air Methods, a helicopter ambulance business backed by a private-equity firm, received bankruptcy court approval for its restructuring plan to cut $1.7 billion of debt. Under the plan approved by the U.S. Bankruptcy Court for the Southern District of Texas, Air Methods is expected to…
Key Takeaways Procter & Gamble Co. (P&G) will take up to $2.5 billion in charges for a restructuring along with an impairment related to its Gillette business. The consumer products company said the restructuring would take place primarily in certain of its enterprise markets, including Argentina and Nigeria. Procter & Gamble warned that while the…
Procter & Gamble said on Tuesday that it would record up to $2.5 billion in charges over two fiscal years related to writing down the value of its Gillette business and the restructuring of certain markets. The consumer goods giant said it would take a $1.3 billion non-cash impairment charge before tax in the current…
Reuters. A plant wall with Procter & Gamble’s logo is pictured at the entrance to the company’s highly automated cleaning products factory in Tabler Station, West Virginia, U.S., May 28, 2021. REUTERS/Timothy Aeppel/File Photo (Reuters) -Procter & Gamble said on Tuesday it would record up to $2.5 billion in charges over two fiscal years as…
(Adds details from statement) Dec 5 (Reuters) – Procter & Gamble said on Tuesday that it would record up to $2.5 billion in charges over two fiscal years related to writing down the value of its Gillette business and the restructuring of certain markets. The consumer goods giant said it would take a $1.3 billion…
Procter & Gamble (NYSE: PG) disclosed: The Procter & Gamble Company (the Company) announced today a limited market portfolio restructuring of its business operations, primarily in certain Enterprise Markets, including Argentina and Nigeria, to address challenging macroeconomic and fiscal conditions. In connection with this announcement, the Company expects to record incremental restructuring charges of $1.0…
Dec 5 (Reuters) – Procter & Gamble (PG.N) said on Tuesday that it would record up to $2.5 billion in charges over two fiscal years related to writing down the value of its Gillette business and the restructuring of certain markets. The consumer goods giant said it would take a $1.3 billion non-cash impairment charge…
Sumitomo Chemical to Exit the Cyclohexanone Business:Accelerating Business Restructuring as Part of Its Short-Term Intensive Performance Improvement Measures Dec. 4, 2023 Sumitomo Chemical has decided to close down its production facilities for cyclohexanone (also known as anone) at its Ehime Works located in Niihama City, Ehime, Japan and exit the business. The closure of the…
Kristin Fisher Eyebrows (KFE) has been forced into administration after the Australian Taxation Office (ATO) voted against a plan to restructure the debt-laden business. The business, owned by celebrity eyebrow artist and socialite Kristin Fisher, publicly revealed it had debts of almost $900,000 six weeks ago. According to documents filed with the Australian Securities and…
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…