Category Archives: Restructuring

Under Armour posts stronger than expected end of year results, despite pandemic – Baltimore Sun

Under Armour delivered a stronger-than-expected financial performance in the final months of 2020 as the atheltic apparel maker boosted online sales of apparel and footwear and reined in costs. The Baltimore-based sports brand improved despite challenges of the coronavirus pandemic and an ongoing business restructuring, the company said Wednesday. Advertisement Improving brand strength and consistent…

Future Group Lenders Look To Restructure Debt By March 31 – BloombergQuint

Lenders to Kishore Biyanis Future Group are planning to proceed with the restructuring of the debt owed by group companies under the Reserve Bank of Indias one-time restructuring scheme, three people with direct knowledge of the matter said. Lenders led by State Bank of India have asked for restructuring plans to be submitted so they…

Polarcus: Liquidators Appointed to Assist with Debt Restructuring – Offshore Engineer

Struggling seismic player Polarcus, which last week saw creditors take over its vessels following a debt payment default, on Tuesday said a Cayman Islands court has appointed joint provisional liquidators, after the company’s application. “The Board remains focused on pursuing a restructuring of its indebtedness and maintaining the underlying business as a going concern. Discussions…

How to decide whether to close a business during the pandemic – MarketWatch

The 2020 pandemic sent many businesses scrambling to protect their employees and pivot their operations to retain their customers. This crisis presented more challenges and opportunities over the course of a few months than most businesses see in a decade. While many managed to stabilize their business through these efforts, a select group were able…

Corporate Ladder: your weekly guide to executive appointments – InDaily

Facial recognition, GPS tracking as SA Govt monitors home quarantine $240k for five days’ food: SA’s eye-watering medi-hotel bill ‘Contrary to public interest’: School planning data kept secret Your views: on a US move, religion and politics, Google and news, universities and JobSeeker Not JUST the footy scores This week, in South Australias first executive…

24 new partners for PwC Australia’s Financial Advisory division – Consultancy.com.au

Big Four accounting and consulting firm PwC has at the dawn of this year appointed 53 fresh partners, with almost half of the new leaders working in its Financial Advisory division. Operating alongside the Assurance and Consulting divisions, PwCs Financial Advisory business provides a range of multifaceted services grounded in financial and economic disciplines. One…

Limit generous redundancy payouts or nation will face steep bill: employer group – Brisbane Times

Ai Group has not requested the government extend the program in its present form and has instead suggested industries and businesses directly affected by the pandemic are given extra support including restructuring and business advice. Many businesses linked to inbound tourism, international students, entertainment venues, and passenger transport among others continue to struggle and, in…

4 business restructuring proposals announced in Budget 2021 – YourStory

In the backdrop of the COVID-19 pandemic and the worldwide economic recession, Finance Minister Nirmala Sitharaman presented her third budget on February 1, 2021, making it her shortest one yet at 10,500 words and lasting around 110 minutes. The focus was to reset the economy by spending heavily on infrastructure development and upping the healthcare…

Luckin Coffee’s Restructuring Efforts Move Forward with Commencement of its Chapter 15 Case in the United States – GlobeNewswire

February 05, 2021 03:43 ET | Source: Luckin Coffee Inc. Coordination between the Cayman Court and the U.S. Bankruptcy Court to Protect the Interests of Stakeholders and Facilitate Luckin Coffees Restructuring of its Financial Obligations All Company Stores Remain Open and Serving Customers in China; No Material Impact on Daily Operations Expected Company Continues to…

Simpson Thacher makes double partner hire in European restructuring push – The Global Legal Post

Shutterstock The City of London London partners Adam Gallagher and James Watson join as European investment drive continues Simpson Thacher & Bartlett has hired a pair of experienced insolvency lawyers to help establish a European restructuring practice in London. Adam Gallagher and James Watson join as partners from Freshfields Bruckhaus Deringer and Kirkland & Ellis…