Egypts largest drug distributor, the United Company of Pharmacists, is studying several alternatives for financial restructuring, including establishing a holding company for non-banking financial activities, selling a share of the company to a strategic investor, and obtaining a financial loan from the Arab African International Bank (AAIB), sources close to the matter told Daily News…
The eulogies had all but been written for Tupperware, a brand once so prolific that it became synonymous with an entire product category. Now it appears it may be getting a second life. Almost four months after the Orlando-based food storage company expressed substantial doubt about its viability as sales slumped, Tupperware on Thursday announced…
NEW YORK, Aug 4 (Reuters) – UBS Group AG (UBSG.S) is poised to make sweeping changes to the senior ranks of its investment banking division globally as soon as Monday, marking a new milestone in the process of integrating Credit Suisse, people familiar with the matter said. The changes are aimed at producing unified teams…
Chat app Discord has let go of nearly 40 employees (4% of its workforce) as part of company’s restructuring efforts, according to multiple reports. Several Discord former employees posted on Twitter and LinkedIn that they were impacted by the layoffs. The job cuts have affected people in marketing, design, and entertainment partnership teams. The company…
Aug 4 (Reuters) – Shares of Tupperware Brands (TUP.N) surged 53.1% in premarket trading on Friday, after the kitchen storage container maker finalized a debt restructuring deal, reinvigorating individual investors’ interest in the company. The Florida-based firm is making an attempt to turn around its business after raising doubts in April about its ability to…
Shares of Tupperware Brands Corporation soared as much as 90% during the after-bell trade as the global consumer products company announced on Thursday that it has finalised an agreement with its lenders to restructure its debt obligations extending the maturity of certain debt facilities to allow it to continue with its turnaround efforts. This agreement…
Chat app Discord has let go of nearly 40 employees (4% of its workforce) as part of companys restructuring efforts, according to multiple reports. Several Discord former employees posted on Twitter and LinkedIn that they were impacted by the layoffs. The job cuts have affected people in marketing, design, and entertainment partnership teams. The company…
Collins Street cafe Pope Joan closed this week after trying to find a buyer and going through business restructuring to pay creditors owed more than $900,000. Since the onset of the pandemic and changed office working conditions, trade at the cafe, which opened in 2019, has fallen by nearly 80 per cent. The city is…
Collins Street cafe Pope Joan closed this week after trying to find a buyer and going through business restructuring to pay creditors owed more than $900,000. Since the onset of the pandemic and changed office working conditions, trade at the cafe, which opened in 2019, has fallen by nearly 80 per cent. The city is…
Businesses may need to rethink how they forecast and plan for their future with many businesses dealing with unprecedented levels of change, according to BDO national leader, business restructuring Andrew Sallway. For businesses struggling to rebuild after the pandemic, Mr Sallway said reliable and robust forecasting has never been more critical. One of the way…