Category Archives: Restructuring

EXCLUSIVE: Christie’s announces layoffs and restructuring as it continues to grapple with COVID-19 | Auctions News – TheValue.com

24 Jun, 2020 | Wed | 23:50 Christiesis downsizing itsoperations as part of amajor corporaterestructuring plan, sources have toldThe Value. Christies CEO Guillaume Ceruttimadethe announcement internally today(24 June) over a video call, which can be boiled down to three majorpoints: Pay cuts will remainin place; The company will undergo a restructuring; The Impressionist andModern Artdepartment…

Hin Leong restructuring viable only when combined with group companies, personal assets: judicial managers – S&P Global

Highlights No reasonable prospects of being rehabilitated on its own Company has assets of $257 million, liabilities of $3.5 billion Evidence of years of account manipulation, forged papers, fictitious profits Singapore Singapore oil trader Hin Leong Trading’s restructuring or rehabilitation will only be viable if it is clubbed with other group companies under the Lim…

Swarovski Cuts 600 Jobs at Outset of Restructuring Drive – Yahoo Finance

Click here to read the full article. PARIS As the tally of job cuts across the globe continues to mount, Swarovski plans to cull 600 positions, with the coronavirus crisis adding urgency to restructuring efforts at the historic, family-owned crystal-maker. In a bid to streamline the company, which is based in Austria and Switzerland, chief…

Take it from us: navigating an aviation business transformation – Helicopter Investor

Todd Wolynski, Partner at White & Case, and Oliver Althoff, Managing Director North America at Seabury Securities, explain what aviation companies need to do to restructure. As former General Counsel and Chief Administrative Officer (Wolynski) and MD, Capital Markets and Treasury (Althoff) at Waypoint Leasing, the large helicopter lessor that filed for Chapter 11 in…

Crayon snaps up Winc’s software and cloud business – ARNnet

Credit: Winc Digital transformation services provider Crayon has inked an agreement to transfer Wincs software licensing business as part of its expansion plans in the region. The agreement will enable Winc’s software and cloud customers to leverage Crayons expertise in cloud economics, licensing and cost-optimisation services while also ensuring continuity on their transactional software and…

Woolworths earnings to dip as costs climb – Nine

Woolworths expects full year earnings could be 2.7 per cent lower after it outlined one-off charges worth $591 million for restructuring and staff underpayments and incurs additional costs related to COVID-19. The retail giant said it expects full year earnings before interest and tax (EBIT) to be in the range of $3.2 billion to $3.25…

Latham & Watkins hires restructuring partner from Willkie Farr & Gallagher in Paris – The Global Legal Post

Alexandra Bigot: Latham is ‘very focused’ on creating a top-tier Paris restructuring capability Arrival of Alexandra Bigot follows on from insolvency lateral hires in London and New York Latham & Watkins has hired partner Alexandra Bigot from Willkie Farr & Gallagher in Paris to bolster its restructuring and special situations practice. Bigot is the latest…

Agreement in Principle on Financial Restructuring Plan Paris Stock Exchange:TCH – GlobeNewswire

June 22, 2020 10:31 ET | Source: TECHNICOLOR multilang-release PRESS RELEASE AGREEMENT IN PRINCIPLE ON FINANCIAL RESTRUCTURING PLAN 420 MILLION NEW FINANCING AND DELEVERAGING THROUGH 660 MILLION DEBT EQUITIZATION OPENING OF AN ACCELERATED FINANCIAL SAFEGUARD PROCEDURE Paris (France), 22 June2020 Technicolor (EuronextParis: TCH; OTCQX: TCLRY) (the Company) announces today that it has reached an agreement…

‘Middle East should brace itself for restructuring wave’ – Consultancy-me.com

As the economic impact of the Covid-19 crisis manifests itself, Matthew Wilde, a Managing Director at AlixPartners in the Middle East, anticipates a sea of firms will be forced to restructure their operations with survival and growth in mind. Wilde was brought on board to lead AlixPartners Turnaround & Restructuring team in the region just…

Women’s fashion brand Max planning to close 17 stores – Consultancy.com.au

New Zealand womens fashion brand Max is currently working with a partner from Australian consultancy McGrath Nicol to restructure its operations. At present, 17 of the companys stores are lined up for closure, after having virtually no revenue during the Covid-19 lockdown. McGrath Nicol is a specialist advisory and restructuring firm that has built a…