15 January 2023 Consultancy.com.au 2 min. read Western Australia-owned and operated stalwart Grand Cinemas has sold three of its locations to national chain Hoyts after running into financial trouble due to Covid-19. Western Australian movie-goers are rejoicing after administrators FTI Consulting successfully sold a trio of Grand Cinemas outlets to national cinema chain Hoyts, following…
Demand will continue to slide, costs will keep rising, competitors will play desperate to maintain cash-flow, channel partners will keep demanding extended credit and margins, interest rates will not be any lower. Taxes and duties may even rise again during the year with a desperate effort to reduce government borrowing in rupees. So what can…
Ranil Wickremesinghe, Sri Lanka President ‘).insertAfter(“.article-content__img”);$(“.article-content__img div”).find(‘div’).remove(); //]]> Sri Lanka has concluded debt restructuring talks with Japan and will continue to hold such meetings with India this month, President Ranil Wickremesinghe announced on Saturday, as the cash-strapped country looks to carve a path out of its worst financial crisis. The crisis-hit island nation, which is…
Creditors of crypto lender Hodlnaut rejected a restructuring plan for the company, according to a Bloomberg report that cited a Jan. 11 filing. Their preference is for the liquidation of the firm, saying it better serves their interests, according to the filing prepared by Hodlnaut’s interim judicial managers, Bloomberg said Friday. The proposed restructuring plan…
Mayne Pharma launches a new line of women contraceptives in the US. Picture: Getty Images Mayne Pharma (ASX: MYX) and Brussels-listed Mithra Pharma announced the launch of HALOETTE, a vaginal hormonal contraceptive ring, into the US market. HALOETTE is a generic version of NUVARING, a combined hormonal contraceptive flexible ring for the prevention of pregnancy.…
Skift Take G Adventures founder Bruce Poon Tip wants to bring about change, both within his company’s organizational structure and across the global tourism playing field. He believes community is the route to take, as the company readies for seemingly long-overdue acquisitions. Selene Brophy G Adventures, the small group tour operator, is restructuring as G…
Liberty Steel UK has outlined details of the next phase of its restructuring, with about 440 jobs set to be affected. The company said that “in the face of the UK steel industry’s severe competitiveness issues” it planned to implement the next phase of its restructuring programme to ensure a sustainable future for its businesses…
For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Liberty Steel is to implement the next phase of its restructuring programme which could affect up to 440 jobs, the company has announced. Liberty, part of the GFG…
Liberty Steel UK has placed 440 jobs under threat through a series of actions to secure its future amid “unviable” market conditions. The company said high energy costs had combined with other uncompetitive factors and it was vital its operations were refocused. Liberty, part of Sanjeev Gupta’s GFG Alliance, said its Newport plant would be…
When the COVID-19 pandemic emerged as a serious challenge for corporations at the start of 2020, it seemed as if the business environment could hardly be more volatile. Yet nearly three years later, COVID-19 is still present, and serious geopolitical tensions with massive economic implications are contributing to even greater volatility. This environment is already…