Dive Brief: General Mills Chairman and CEO Jeff Harmening announced a series of new leadership assignments as part of the company’s Accelerate growth strategy at the virtual BMO Global Farm to Market conference last week. These include putting Dana McNabb, the company’s former Europe and Australia president, into the new position of chief strategy and…
Signage is seen at the United States Bankruptcy Court for the Southern District of New York in Manhattan, New York City, U.S., August 24, 2020. REUTERS/Andrew Kelly Fashion brand owner, The Collected Group LLC, has secured court approval of its prepackaged reorganization plan that will put lenders in control of the company. Collected, represented by…
While dealing with financial difficulties is never easy, early identification of a companys financial situation is often the key to successfully implementing measures that will allow it to maximize its options, said Jean Fontaine, Montreal-based partner and member of the firms restructuring and insolvency group, in the news release. Canadian businesses who are anticipating economic…
25 May 2021 Consultancy.uk 3 min. read Many companies across the UK are emerging from lockdown with a sense of cautious optimism. While the majority expect top-line revenues to return to pre-pandemic rates within the next two years, more than half also expect to encounter a liquidity shortfall in the next 12 months. The last…
Liberty Steel, the company led by British Indian businessman Sanjeev Gupta, on Monday announced very constructive and productive meetings as part of its ongoing restructuring plans, which will result in the sale of its Stocksbridge plant in south-east England to help pay back lender Credit Suisse. Gupta, who heads the wider Gupta Family Group (GFG)…
Business Standard The new restructuring package for small borrowers has little chance of taking off TopicsReserve Bank of India|debt restructuring scheme|Indian Economy Eat a live frog first thing in the morning and nothing worse will happen to you the rest of the day, Mark Twain once said. The witticism means getting the biggest, most important…
Business Standard The new restructuring package for small borrowers has little chance of taking off TopicsReserve Bank of India|debt restructuring scheme|Indian Economy Eat a live frog first thing in the morning and nothing worse will happen to you the rest of the day, Mark Twain once said. The witticism means getting the biggest, most important…
Garuda Indonesia needs to completely restructure its business, potentially reducing the number of planes it operates to less than half its main fleet as it seeks to survive the crisis wrought by the pandemic, its president told staff this week. We have to go through a comprehensive restructuring, a total one, President Director Irfan Setiaputra…
SINGAPORE: It seems that Sembcorp Industries could have hit upon something last year when it announced the sale of Sembcorp Marine to effectively create two entirely separate entities that will focus on energy and marine. That move may have triggered other Singapore conglomerates to think critically about their own businesses as Keppel Corporation (Keppel Corp),…
The owners of Atria Watford announced this week that a new financial restructuring plan has been agreed for the shopping centre. SGS also revealed that the restructuring enables new funding to support further investment of its four shopping centres, which includes Watford. Steve Gray, head of European Retail Asset Management at Global Mutual – the…