LONDON (Reuters) – Royal Bank of Scotlands (RBS.L) restructuring business did not turn around the vast majority of small businesses it worked with, Chief Executive Ross McEwan said on Tuesday in response to lawmakers questions. McEwan and RBS Chairman Howard Davies were being grilled by members of the Treasury Select Committee, which has challenged state-backed…
Music streaming service Pandora said this week it plans to move an unspecified number of workers to Atlanta as part of a broader restructuring of its business. The Oakland, Calif.-based company said in a Securities and Exchange Commission filing it will cut 5 percent of its workforce as part the restructuring plan, which it expects…
Byrons creditors approved a CVA plan on Wednesday. As many as 20 restaurants could close as a result. Britains casual dining sector is suffering from a nationwide consumer spending squeeze. LONDON Creditors of stricken burger chain Byron have voted almost unanimously to approve a company voluntary arrangement (CVA), which could result in as many as…
Michael Pooler and Peggy Hollinger in London February 1, 2018 Melrose Industries sought to win over GKN shareholders to its £7bn hostile bid for the FTSE 100 company by portraying itself as a long-term investor even as it took the axe to its own Brush engineering business by closing factories, cutting jobs and taking a…
CHICAGO, Jan. 31, 2018 /PRNewswire/ — Business restructuring attorney Shara C. Cornell has joined McDonald Hopkins LLC, a business advisory and advocacy law firm, in the firm’s Chicago office as an associate. Cornell has 6 years of experience representing secured and unsecured creditors in restructuring and bankruptcy proceedings, including large chapter 11 bankruptcies. Her previous…
Cornell has 6 years of experience representing secured and unsecured creditors in restructuring and bankruptcy proceedings, including large chapter 11 bankruptcies. Her previous experience includes serving as staff law clerk and law clerk to the Honorable LaShonda A. Hunt and Chief Judge Bruce W. Black (ret.) in the United Stated Bankruptcy Court in the Northern…
SYDNEY–(BUSINESS WIRE)–Houlihan Lokey, Inc. (NYSE:HLI), the global investment bank, today announced that Jim McKnight has joined the firm as a Managing Director. He is based in Sydney and will lead the firms Financial Restructuring efforts in Australia. Mr. McKnight joins from Fort Street Advisers, where he was a Principal and Head of Restructuring since 2013.…
Byrons creditors approved a CVA plan on Wednesday. As many as 20 restaurants could close as a result. Britains casual dining sector is suffering from a nationwide consumer spending squeeze. LONDON Creditors of stricken burger chain Byron have voted almost unanimously to approve a company voluntary arrangement (CVA), which could result in as many as…
By Kevin LimNikkei Markets SINGAPORE (Jan 31) — Singapore-listed Noble Group, responding to criticism of its latest debt restructuring deal, said the allegations that management was enriching itself at the expense of shareholders were unfounded. “Management are essential to the company’s business because its core businesses are ‘people businesses’,” the company said in a…
ET Intelligence Group: The business restructuring undertaken by KPIT Technologies offers value unlocking opportunity for investors. The Pune-based mid-tier software and engineering services company plans to merge its existing operations with BirlaSoft, an unlisted software company promoted by the CK Birla Group. The merged entity will then be split into two separate publicly listed entities.…