Over 200 industry leaders from prominent banks and corporates converged at the recently held inaugural edition of the Corporate Restructuring Summit in Dubai, UAE aiming to embracing new perspectives to tackle corporate credit challenges. Convened by Middle East Global Advisors, a leading financial intelligence platform spearheading the development of knowledge-based economies in the MENASEA markets,…
Debenhams, the department store chain, has asked advisers to explore restructuring plans that could lead to store closures, as the downturn engulfing the UK high street continues to spread. KPMG is investigating turnround options that may also include it asking creditors to accept a compulsory voluntary arrangement, said a person with knowledge of the matter.…
VANCOUVER, Sept. 7, 2018 Zecotek Photonics Inc., a developer of photonic technology products, has announce an internal restructuring of its intellectual property, photonics technology, and business functions across the three operating divisions of Zecotek Imaging Systems Pte. Ltd., Zecotek Optronics Systems Pte. Ltd., and Zecotek Autotronics Systems Pte. Ltd. Due to the considerable interest…
Article 0 Comments Randall & Quilter Investment Holdings Ltd. (R&Q) announced a corporate restructuring to create a new division, Accredited, which comprises its U.S. and European program management businesses. Accompanying this initiative is a renaming of R&Qs Malta domiciled insurance platform, R&Q Insurance (Malta) Ltd., to Accredited Insurance (Europe) Ltd. This change is effective immediately.…
Autoplay Show Thumbnails Show Captions Last SlideNext Slide Ford Chief Executive Officer James Hackett, left, talks with Tom and Gail Wise, 76, of Park Ridge, Illinois about their 1964 Ford Mustang convertible, during a Ford event celebrating the 10,000,000 Mustang at the Ford Motor Company World Headquarters in Dearborn on Wed., Aug 8, 2018. (Photo:…
Its not coincidence that Gibsons long-awaited line of new guitars, dropped this week, touts conservatism and a back-to-basics approach: The Nashville instrument-maker is in crisis mode as it hammers out a company restructuring, battles supplier lawsuits and hunts for a new CEO. Gibson declared bankruptcy in May after admitting that its attempts to branch out…
Sigma Healthcare shares have slumped after the pharmaceuticals supplier revealed a slump of more than 50 per cent in first-half profit to $13.4 million. Sigma, which owns pharmacy brands Amcal, Guardian, Discount Drug Store, and Chemist King, said the 51.8 per cent fall was partly due to $6.1 million of restructuring costs following the loss…
Sigma Healthcare shares have slumped after the pharmaceuticals supplier revealed a slump of more than 50 per cent in first-half profit to $13.4 million, partly due to restructuring costs following the loss of its contract to supply Chemist Warehouse in July. Sigma, which owns pharmacy brands Amcal, Guardian, Discount Drug Store, and Chemist King, says…
John Studzinski, one of the most prominent figures in global finance, is taking up a senior role at Pimco. Pimco, founded by the investing legend Bill Gross, is one of the worlds biggest fixed-income-focused investment companies. Studzinski was previously a senior figure at the private-equity giant Blackstone, and he was crucial in the restructuring of…
John Studzinski, one of the most prominent figures in global finance, is taking up a senior role at Pimco. Pimco, founded by the investing legend Bill Gross, is one of the worlds biggest fixed-income-focused investment companies. Studzinski was previously a senior figure at the private-equity giant Blackstone, and he was crucial in the restructuring of…