Shares of Goodyear Tire & Rubber Co. GT, +0.08% rose 1.5% in the extended session Friday after the tire company said it has embarked on a rationalization plan and workforce reorganization in Europe, Middle East and Africa aimed at improving its cost structure. This restructuring is a part of a broader set of actions the company…
September 8, 2023 Practices: Business Restructuring The M&A Advisor recognized Ropes & Grays business restructuring practice in its 14th annual International M&A Awards. Ropes & Gray is honored for restructuring deal of the year advising Vewd Software AS through a prepackaged Chapter 11 cases. The business restructuring practice is also recognized in the healthcare/life sciences…
The British arm of TIOmarkets, TIO Markets UK Limited, went under “consolidation [and] restructuring” in 2022, pushing its yearly revenue down to $34,171. In the previous year, the company reported a revenue of $150,961. Dedicated Forex cloud solutions with stable and fast cross-border connections capable of high-demand scenarios. Alibaba Cloud helps Forex traders to operate…
Business Highlights Company continued to advance L4 autonomous technology and capabilities globally. Global patent portfolio increased 34%, from the beginning of 2022 until the ending of 2022, at 519 patents granted globally. As of June 30 of this year, approximately 70 new patents have been granted to the company. Achieved more than 10 million cumulative…
September 6, 2023 Practices: Business Restructuring Turnaround Management Association recognizes business restructuring partner, Benjamin Rhode for successfully leading a team that represented an ad hoc group of first and second lien lenders of CHC Group LLC, a helicopter services company. The transaction won in the Large Company category. Benjamin advises public and private companies on…
CHICAGO, Sept. 6, 2023 /PRNewswire/ — Katten announced today that Joshua M. Altman has joined the firm as a partner in the Insolvency and Restructuring practice in Chicago. Altman represents major national and international companies throughout the lifecycle of both in-court and out-of-court restructuring processes. He guides clients in financial distress and frequently counsels lenders,…
“We are thankful for the work and effort so many individuals have put into PSE over the years, but feel it is the right time for them to return home to separate organizations,” Sabres owner and president Terry Pegula said. “We feel that now is the right time to dissolve PSE and allow everyone to…
FLORIANPOLIS, Brazil, Sept. 05, 2023 (GLOBE NEWSWIRE) — Vitru Limited (Nasdaq: VTRU) (Vitru) today announced that on September 4, 2023, its board of directors has approved a corporate restructuring proposal, subject to the approval of its shareholders. If approved, the proposal would merge Vitru into its wholly-owned subsidiary, Vitru Brasil Empreendimentos, Participaes e Comrcio S.A.,…
WHP Global is digging deeper into the denim space. The brand management firm on Tuesday said it will acquire a majority interest in the G-Star Raw brand. As is customary with brand management firms, the transaction will see WHP grow the label both globally and through new product categories. The transaction follows the successful transition…
European consultancy Eight Advisory has strengthened its Restructuring & Turnaround practice in the Netherlands with seasoned expert Boudewijn Wellink. France-headquartered Eight Advisory provides services across the lines of business: mergers & acquisitions and financial transactions, business and economic transformation, and restructuring. The firms Amsterdam office which launched early 2021 focuses mainly on restructuring and financial engineering…