It is an unfortunate reality that as the economic repercussions of the COVID-19 pandemic continue to be felt, companies even those that were performing quite strongly at the start of 2020 will face significant headwinds, if they havent already. Many may need to consider some sort of restructuring of their balance sheet and debt obligations…
By Roslan Khasawneh SINGAPORE (Reuters) – GP Global, an oil trader based in the United Arab Emirates (UAE) enmeshed in an employee fraud investigation, has appointed restructuring experts as part of its “ongoing restructuring exercise”, the company said in a statement on Wednesday. GP Global said it hired FTI Consulting’s Rod Sutton as its chief…
His decision to jump ship to Duff & Phelps comes only months after the North American firm backed Ayres, Lord and Co to set up and run an Australian restructuring business based initially in Sydney. While Duff & Phelps has already landed a few restructuring mandates including advising Velocity Frequent Flyer’s bank syndicate during Virgin…
Booking.com, the worlds dominant online travel agent, will restructure its business and shed 25% of staff by the end of this year due to the impact of COVID-19. Up 4500 staff could lose their jobs, though final numbers are still being worked through, according to a US Securities and Exchange Commission filing by parent company…
August 04, 2020 08:00 ET | Source: Epiq NEW YORK, Aug. 04, 2020 (GLOBE NEWSWIRE) — Epiq, a global legal services company, announced today that its corporate restructuring business has earned the top ranking in the advisory league tables for claim agent retentions in Chapter 11 bankruptcy cases according to Debtwires Restructuring Data Report. Epiq…
August 04, 2020 08:00 ET | Source: Epiq NEW YORK, Aug. 04, 2020 (GLOBE NEWSWIRE) — Epiq, a global legal services company, announced today that its corporate restructuring business has earned the top ranking in the advisory league tables for claim agent retentions in Chapter 11 bankruptcy cases according to Debtwires Restructuring Data Report. Epiq…
Co-founders Kristina Karlsson, who started the business in 2001, and Paul Lacy will continue to run the business and will remain shareholders, with kikki.K operating as an Australian sister company to Erin Condren. Following the collapse, nine potential buyers expressed their interest in the brand within 24 hours, the founders said, and customers flocked online…
PizzaExpress has put its UK business up for sale and warned of 1,100 job cuts as it takes more drastic action to stave off collapse as the coronavirus crisis deepens for the casual dining sector. The 55-year-old Italian pizza chain will close 67 restaurants 15 per cent of its UK estate and offload its Chinese…
Pizza Express is considering closing 15% of its UK restaurants, which would mean the loss of 1,100 jobs. The chain is the latest High Street outlet to undertake a restructuring of its business after trading was halted by the coronavirus pandemic. It is poised to launch an insolvency procedure which could see 67 of its…
Later than any of its peers, Booking.com announced Tuesday it will be restructuring, and eliminating up to 25 percent of its global employee base, a number Skift estimated to be roughly 4,300 employees. Glenn Fogel, the CEO of both parent company Booking Holdings and Booking.com, is expected to tell Booking.com employees that Covid-19 hit Booking.com…