Claire’s to Implement Balance Sheet Restructuring Supported by Holders of Substantial Majority of Company’s Funded … – Markets Insider

Restructuring

HOFFMAN ESTATES, Ill., March 19, 2018 /PRNewswire/ — Claire’s Stores, Inc. (“Claire’s” or the “Company”) announced that it is pursuing a financial restructuring in order to eliminate a substantial portion of debt from the Company’s balance sheet and position Claire’s for long-term success pursuant to a chapter 11 reorganization process commenced in the United States Bankruptcy…

ARN says it’s not impacted by iHeartMedia bankruptcy – AdNews

Restructuring

Rob Atkinson. Australian Radio Network (ARN) CEO Rob Atkinson tells AdNews it’s business as usual for its podcast platform iHeartRadio, despite its US owner iHeartMedia filing for bankruptcy. Last week the US-founded company, whose free broadcast and internet radio platform iHeartRadio is used by ARN, revealed its plans to implement a balance sheet restructuring. It said…

Compact Metal revives 2015 restructuring plan to trade as cement dealer – The Business Times

Restructuring

Fri, Mar 16, 2018 – 6:39 PM MAINBOARD-listed aluminium dealer Compact Metal Industries has brought back an old plan to transfer its listing status, in a fresh agreement inked on Friday. The proposed internal restructuring would see Compact Metal enter a scheme of arrangement to shift its shares – and listing status – to International…

Southeastern Grocers Initiates Financial Restructuring with Support of Key Stakeholders – PR Newswire (press release)

Restructuring

Anthony Hucker, President and Chief Executive Officer of SEG, said, “The agreement we announced today is an important step in Southeastern Grocers’ transformation to put our company in the best position to succeed in the extremely competitive retail market in which we do business. With a foundation built on iconic, heritage banners, and with the…

Toys”R”Us to Wind Down US Business – PR Newswire (press release)

Restructuring

Toys”R”Us also announced that it is pursuing a going concern reorganization and a sale process for its Canadian and international operations in Asia and Central Europe, including Germany, Austria and Switzerland. The Company’s international operations in Australia, France, Poland, Portugal and Spain are considering their options in light of this announcement, including potential sale processes…

Toys ‘R’ Us to close all US, UK stores, reports Australia to be liquidated – The Australian Financial Review

Restructuring

Bankrupt Toys ‘R’ Us is preparing to sell or close all 885 stores in its US chain, risking up to 33,000 jobs, after failing to reach a deal to restructure billions of dollars in debt, a person familiar with the matter said on Wednesday. With shoppers flocking to online platforms like Amazon.com and children choosing electronic…