Companies Ford Motor Co Follow May 3 (Reuters) – Ford Motor Co (F.N) expects to take up restructuring charges between $1.5 billion and $2 billion in 2023, it said in a regulatory filing on Wednesday, as part of the U.S. automaker’s move to exit unprofitable locations and cut headcount. The charges will be primarily attributable…
A supplier of precision engineering services to the aerospace and defence industries is on the brink of collapse after its shareholders plans to restructure the business were blocked amid objections from the tax authorities. Sky News has learnt that prospective buyers of Nasmyth Group, a Coventry-based company bought by Rcapital last year, have been asked…
Green Labs, a promising Korean startup that has undergone a restructuring process due to financial difficulties, is now set to soar to new heights with a new chairman of the board and a business normalization plan. The company plans to focus on its core business, Farm Morning, a community-based data agriculture solution, and accelerate business…
Source: Mick Tsikas / AAP Image The 2022-2023 federal budget is now just a week away, and Treasurer Jim Chalmers has had ample time to set expectations. Macroeconomic gloom and continued uncertainty mean the Labor governments first full budget since taking power last year will not be a fiscal free-for-all. Hard choices will be made.…
Singapore’s Keppel Corp on Wednesday (May 3) announced a major corporate restructuring, doing away with its conglomerate form and dividing itself into three distinct units, in a bid to simplify and further grow its operations. The conglomerate, which has operations ranging from data centres to renewable energy assets, will restructure itself into three businesses –…
Singapore’s Keppel Corp on Wednesday (May 3) announced a major corporate restructuring, doing away with its conglomerate form and dividing itself into three distinct units, in a bid to simplify and further grow its operations. The conglomerate, which has operations ranging from data centres to renewable energy assets, will restructure itself into three businesses –…
Manchester-based fintech Open Money has issued an official statement following reports over the bank holiday weekend that staff wages would be going unpaid as the company enters a CVA and undergoes large scale restructuring under its new owners. The statement confirms that payment of salaries for a number of members of staff across the business…
Global beauty company Revlon Inc. has successfully completed its financial restructuring process and emerged from Chapter 11. The newly reorganized company is named “Revlon Group Holdings LLC. Simplified Capital Structure & Reduced Debt Today marks an important moment in Revlons history and evolution. Less than a year after beginning the financial restructuring process, Im proud…
Bondholders in Denis OBriens Digicel, who are on track to take control of the over-indebted business as part of a massive restructuring, have agreed to grant the group a bridging loan of up to $100 million (90 million) as work continues on the wider overhaul. Digicel said on Tuesday that holders of $925 million of…
May 2, 2023 Practices: Business Restructuring, Capital Solutions & Private Credit, Private Equity, Finance, Tax Industries: Private Equity Ropes & Gray represented Rodan + Fields in securing consent from nearly all its lenders to the companys non-pro-rata uptier debt exchange. With the help of Ropes & Gray, Rodan + Fields negotiated and launched a cutting-edge…