AMSTERDAM Reorganizing at Corbion will involve simplifying the companys structure into two business units from three business units and reducing its workforce by about 200, which will include closing a fermentation plant in Peoria, Ill. Executives gave details Jan. 31 in Amsterdam during a capital markets update for analysts and investors. Corbion executives also gave…
DetailsElectricBrands states that it has filed an application for insolvency under self-administration with the Darmstadt Local Court and is seeking to reorganise the company by taking this step. The court ordered provisional self-administration on 29 January 2024. The aim is to completely reorganise the company, according to a company press release. In addition, The affiliated…
DetailsAMSTERDAM Reorganizing at Corbion will involve simplifying the companys structure into two business units from three business units and reducing its workforce by about 200, which will include closing a fermentation plant in Peoria, Ill. Executives gave details Jan. 31 in Amsterdam during a capital markets update for analysts and investors. Corbion executives also gave…
DetailsTURNKEY a leading provider of software solutions to the insolvency industry, is thrilled to announce the appointment of Craig McDonnell as the Director of Personal Insolvency and Creditor Services. With approx. 90% of the Corporate Insolvency case management market in the UK, Craig joins the team, and brings with him a wealth of experience and…
DetailsSimon Edel, UK Turnaround and Restructuring Strategy Partner at EY-Parthenon: Company insolvencies in 2023 reached their highest annual total in 30 years reflecting the difficult business environment that companies have faced over the last 12 months. The final quarter of 2023 also saw the highest quarterly number ofCreditors Voluntary Liquidations (CVLs)since this data started to…
DetailsMajestic Cinemas has gone into voluntary administration leaving the future of several beloved Mid North Coast venues up in the air. Tonight, the CEO maintains the business isnt going anywhere- and has urged communities to support their local cinemas. Read the full article at: https://www.nbnnews.com.au/2024/02/01/majestic-cinemas-announces-voluntary-administration/
DetailsIn short: Majestic Cinemas chief executive Kieran Dell says the company has faced mounting challenges from natural disasters. He says a post-COVID hangover and the writers’ strike have also hurt the business. What’s next? Mr Dell has vowed to keep an 80-year-old historic cinema in Sawtell open. A regional theatre chain has entered voluntary administration this week, blaming a slump in film…
DetailsA cinema chain with a Sunshine Coast venue has gone into voluntary administration, amid hopes that a restructure will allow it to bounce back. Majestic Cinemas has appointed administrators to continue to trade, with optimism it can regroup and move forward. The business, which has eight venues around regional Australia, issued a media release that…
DetailsThe long list of Australian businesses to collapse in the past few months has claimed another big scalp after Majestic Cinemas entered into administration. The business announced it had gone into voluntary administration on January 31 following a turbulent period. It has been affected by the COVID-19 pandemic, cost-of-living pressures as well as natural disasters…
DetailsRITZ Cinemas Port Macquarie, one of ten theatre complexes affected by the voluntary administration of Majestic Cinemas. Source: Google Images Majestic Cinemas, a movie theatre business operating screens across regional New South Wales and Queensland, has collapsed into voluntary administration after a punishing 18 months for independent cinema chains. The business operates theatres in Nambour,…
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