Under Armour Inc. UAA, -3.28% UA, -3.90% stock fell nearly 3% in Wednesday trading after the athletic company announced an updated restructuring plan that includes higher charges. After further review, the Company has identified further opportunities and on September 2, 2020, the Companys Board of Directors approved a $75 million increase to the restructuring plan,…
Seven West Media is restructuring itscorporate affairs and publicity function, bringing in consultants and cutting from the top. The first to go isJulia Lefort, the director of corporate affairs and publicity. Shoebridge Knowles Media Group, founded byNeil Shoebridge, a formerdirector of corporate and public communications at Network Ten, has been appointed as a consultant. The…
Big Four accountancy firm Deloitte has reportedly begun early talks about the potential sale of its restructuring business. According to Sky News, Deloitte has told executives running its restructuring arm to sound out and approach prospective backers of a management buyout. The decision comes in the face of a potential surge in its restructuring arms…
The government has recovered about $345 million of these payouts over the past five years, including through actions as a creditor. This scheme provides workers annual and long service leave payments, up to 13 weeks of unpaid wages, up to five weeks of payment in lieu of notice and a maximum of four weeks redundancy…
Deloitte has put its UK restructuring practice up for sale following concerns among its senior executives that it has become too difficult to manage conflicts of interest, said two people familiar with the decision. The ‘Big Four’ accounting firm plans to approach potential acquirers, including rival professional services groups and private equity houses, the people…
Deloitte, the ‘big four’ accountancy firm, has begun secret talks about the sale of its UK restructuring division, even as the coronavirus pandemic triggers a deluge of corporate insolvencies that should fuel a surge in its profitability. Sky News has learnt that Deloitte has been in talks with the executives running its restructuring unit about…
The government has recovered about $345 million of these pay outs over the past five years, including through actions as a creditor. This scheme provides workers annual and long service leave payments, up to 13 weeks of unpaid wages, up to five weeks of payment in lieu of notice and a maximum of four weeks…
Investors are also confident. “Transurban has a portfolio of roads at various stages of recovery and is not dependent on any one city to pay distributions,” said Peter Meany, head of global listed infrastructure at First Sentier Investors. He expected COVID-19 to only have a 5 to 10 per cent impact on the toll road…
Puri also said that there were many smaller pieces in the portfolio that required support from institutional strengths, and that’s why they structured the way they were TopicsITC|hotel business|Hospitality industry Diversified conglomerate, ITC, will examine an alternative structure for its hotels business. Answering questions on the companys restructuring plans, ITC Chairman Sanjiv Puri said at…
Popular chain Pizza Express said on Monday that creditors had approved restructuring plans that will close 73 of its restaurants and put as many as 1,100 jobs at risk in the UK. In a statement, the company said that 89% of its creditors voted in favour of its proposed company voluntary arrangement (CVA) restructuring deal,…