27 September 2021 Consultancy.eu 3 min. read US-headquartered consulting firm Ankura has launched a European restructuring practice, bringing on board several high-profile restructuring specialists from rivals to lead the charge. Founded in 2014, Ankura has over the past years grown into a 1,500-strongconsulting firm that advises clients on a range of strategic, organisational and financial…
Image: iStock / skynesher This article is sponsored by Accenture. The world is now emerging from a crisis never before seen in our times, but with this setback comes a raft of opportunities. The pandemic triggered the reinvention of business models, the restructuring of supply chains and a collection of fast-tracked scientific breakthroughs. Organisations have…
SHANGHAI, Sept 27 (Reuters) – Eleven entities belonging to embattled conglomerate HNA Group, including its flagship carrier, Hainan Airlines, will hold a creditor meeting on Monday, according to a document detailing its debt restructuring plan, seen by Reuters. Under the plan, the 11 entities will be reorganised as a group and most of the group’s…
LOS ANGELES, Sept.23, 2021 /PRNewswire/ –B. Riley Financial (NASDAQ: RILY) (“B. Riley”) today announced continued growth in its restructuring division with the addition of three new senior executives. John Sordillo, Jeffrey Truitt and Tim Hannon have joined B. Riley Advisory Servicesand bring several decades of experience and proven expertise in complex financial management and restructuring…
Business restructurings of multinational groups very often include a transfer pricing aspect, either (i) because an existing transfer pricing policy needs to be re-examined and possibly modified further to the restructuring, and/or (ii) because it must be determined whether the restructuring in itself is implemented in accordance with the arms-length principle. Since the arms-length principle…
John Sordillo, Jeffrey Truitt and Tim Hannon join B. Riley to support growing demand for complex financial management and restructuring services LOS ANGELES, Sept. 23, 2021 /PRNewswire/ — B. Riley Financial (NASDAQ: RILY) (“B. Riley”) today announced continued growth in its restructuring division with the addition of three new senior executives. John Sordillo, Jeffrey Truitt…
Beijing may initiate a managed debt restructuring of a troubled property developer in the coming week, followed by policy easing in October to contain spillover to the broader economy, according to Morgan Stanley economists. Regulators have had a mechanism to deal with defaults of property developers and reduce systemic risk, economists including Robin Xing wrote…
As part of the restructuring plan, Ford will cease production of cars and sport utility vehicles at its plants and will sell vehicles only till stocks last TopicsFord India|Ford sales|Auto sector Ford India on Wednesday met its principal dealers to work out a compensation formula as it prepares to exit India’s automobile market as part…
BUSINESS RESTRUCTURING REVIEWVOL. 20 NO. 5 SEPTEMBEROCTOBER 2021IN THIS ISSUE1 Secured Lenders Credit Bid Right in Bankruptcy Sale Denied4 Structured Dismissal of Chapter 11 Cases Did Not Violate Jevic8 Work-for-Hire Film Production Agreement Not Executory Contract in Bankruptcy Due to Lack of Mutual Continuing Material Obligations12 Stalking Horse Bidder May Be Entitled to Administrative Priority…
MINNEAPOLIS–(BUSINESS WIRE)–Apogee Enterprises, Inc. (Nasdaq: APOG) today announced its fiscal 2022 second-quarter results. Second-quarter revenue grew 2.0 percent to $325.8 million, compared to $319.5 million in the second quarter of fiscal year 2021, led by growth in Architectural Services and Large-Scale Optical. The company reported a net loss of $(0.08) per diluted share, which included…