Superdry chalks out turnaround plan including restructuring, equity raise, and delisting
LONDON, UK: Superdry Plc has unveiled a comprehensive package of measures aimed at revitalizing its operations and ensuring long-term success. The fashion retailer is set...
Patient Square Capital to acquire global business of NanoString Technologies for $220million
NanoString Technologies, Inc., a pioneer in life science tools for research, has signed anagreement with Patient Square Capital, a leading healthcare investment firm, to acquire...
Casino’s restructuring leads to Rallye’s bankruptcy and loss of control
PARIS: Casino, a French retail giant, has received the approval of the Paris Commercial Court for its accelerated financial restructuring plan, which will massively dilute...
Hornblower Group to sell or shut down its overnight cruising business
Hornblower Group, a leading provider of land- and water-based experiences, has announced a major restructuring deal that will see it sell or shut down its...
Barclays announces new operating structure and leadership changes
LONDON: Barclays Plc, one of the leading global financial services providers, has today announced a new operating structure that will align its business segments with...
Westpac Group reduces corporate size by 20% to reduce costs
AUCKLAND, NEW ZEALAND: Westpac Group has announced changes to simplify the bank, improve accountability and reduce costs. In 2021, Westpac established a 3-year plan to reduce its cost...
Philippine Airlines files restructuring under Chapter 11
Avation and Philippine Airlines (PAL) have agreed terms for PAL to retain the use of a Boeing 777-300ER aircraft on lease from Avation. Philippine Airlines...
City of London Group to raise £18.3mn to fund restructuring
LONDON, UK: City of London Group (COLG) has announced a capital raise of £11.4 million through a share subscription and a raise of up to...
Norwegian Air Shuttle announces terms of the contemplated NOK 6.0 billion capital raise
OSLO: As part of the restructuring proposal, the Norwegian Air Shuttle contemplates a capital raise of up to NOK 6.0 billion. The capital raise comprises...
Sur La Table to restructure and complete a going-concern sale via voluntary Chapter 11 process
SEATTLE: Sur La Table announced that it has filed voluntary petitions under Chapter 11 of the Bankruptcy Code in the United States Bankruptcy Court for...
Unit corporation files Chapter 11; enters into restructuring support agreement with creditors
TULSA: Unit Corporation, a Tulsa-based, publicly held energy company, has filed voluntary petitions under Chapter 11 of the United States Bankruptcy Code to effectuate a...