Business
Modes Enters Business Restructuring Mode, CEO Exits Role
MILAN — Simon Whitehouse has left his role as chief executive officer of Modes, the Italian retailer which at the peak of its success…
Tag
restructuring
Business
HSBC to sell Bahrain retail banking operations as restructuring progresses
The deal will see a transfer of retail loans, deposits and accounts of about 76,000 customers to BBK HSBC on Tuesday (Feb 18) agreed to…
Business
GM closing plant in China as part of restructuring
GM is restructuring its business in China, where domestic manufacturers backed by government subsidies have taken over the market GENERAL…
Business
Private lenders set to take over Alacrity in debt restructuring
DIRECT lenders including Antares Capital, Blue Owl Capital and KKR are preparing to take over insurance claims manager Alacrity Solutions,…
Culture
Newmont cuts management jobs in major corporate restructuring
NEWMONT let go of nearly a dozen managers, including a member of its executive team, as part of a sweeping corporate overhaul, according…
Business
Stokes to close its less profitable stores in restructuring process
Canadian independent tableware and kitchenware retailer Stokes has commenced a restructuring process aimed at securing its future growth…
Business
Audi Group profit slumps on China weakness, plant restructuring
VOLKSWAGEN’S Audi-led premium brands barely eked out an operating profit in the third quarter after waning luxury spending in China and a…