Updated Jun 19, 2023 7.42am, first published at Jun 18, 2023 7.00pm Key Points A deal would ramp up the restructuring taking place at the big end of Australias electricity and gas sector; Origin is the subject of an $18.4b takeover bid from North American suitors led by Brookfield; AGL is regrouping after a failed…
Rockport Group has filed for bankruptcy under Chapter 11 in the District of Delaware. Rockport is sold through a number of Australian retailers including The Athlete’s Foot and Mathers. The US-based footwear company has confirmed it will operate business as usual as it undergoes voluntary restructuring. As part of the case, Rockport also intends to file…
Corporate lawyers advise partnerships and corporations in all legal and commercial matters beginning with the founding of a company via corporate restructuring measures to the liquidation of the entity. Therefore, a corporate lawyer has to deal, among other legal issues, with the choice of the entitys legal form based on the entrepreneurs business, drafting articles…
Ensos CEO believes this move is essential for the companys long-term survivability. Credit: I99pema/commons.wikimedia.org. Finnish company Stora Enso is planning to implement company-wide restructuring actions to improve its profitability and competitiveness in the long term. The company intends to swap its focus on capital allocation in the strategic growth markets with an increased focus on…
By Lisa Wang / Staff reporter PC vendor Asustek Computer Inc () is restructuring after posting its first quarterly losses in four years last quarter, it said yesterday. The company hopes to expand its commercial PC market share to 10 percent from 5 percent, Asustek cochief executive officer Samson Hu () said at an online…
Dentons has advised financial institutions creditors of the Ezentis Group, among wich are Banco Santander, BBVA and EBN, in the restructuring process recently approved by the Commercial Court of Seville. The transaction has been led by Santiago Hurtado, partner head of restructuring at Dentons Spain, who has led a multidisciplinary team in which counsel Javier…
Normal text sizeLarger text sizeVery large text size The ABC will announce dozens of job cuts on Thursday afternoon, including the role of political editor Andrew Probyn, as it prepares to undergo its most significant restructuring in several years. Probyn confirmed his departure, and said he was gobsmacked by the decision. Sources not authorised to…
HOUSTON, June 14, 2023–(BUSINESS WIRE)–MACCO Restructuring Group (“MACCO”) and H.S. Grace and Company, Inc. (“HSG”) have formed a strategic consulting alliance to leverage the expertise of each firm to address the coming tsunami of commercial real estate defaults, business turnarounds and bankruptcies. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20230614081788/en/ MACCO is…
June 13 (Reuters) – British cinema chain operator Cineworld (CINE.L) is preparing to file for administration as a part of a financial restructuring plan, Sky News reported on Tuesday. The company is lining up AlixPartners to act as administrator to help with the transfer of ownership to its lenders, the report added. An announcement is…
Embracer Group has announced a business restructuring. The Swedish holding company plans a multi-phase program aimed at increasing its growth and long-term efficiency. Warhammer 40,000: Space Marine 2 What are the goals of Embracer Groups restructuring? On June 13, Embracer CEO Lars Wingefors outlined the main points of the restructuring program in an open letter…