restructuring
Stories tagged restructuring.
Aeffe Confirms €115 Million Oxy Capital Bid as Restructuring Advances
Italian fashion group Aeffe has received a bidding offer of approximately €115 million from Oxy Capital under its negotiated crisis settlement procedure, with the deal now structured around three newly created operating companies.
Expedia Cuts 58 Seattle Roles in Finance-Led Restructuring
Expedia is eliminating 58 positions in Seattle under a Washington WARN notice filed this week, with the cuts scheduled to take effect between November 21 and December 1. The company says the reductions are tied mainly to a reorganization of its global finance team.
Monday.com Lays Off 20% of Workforce in AI-Driven Restructuring
Monday.com is cutting about 600 jobs, or 20% of its staff, as part of a restructuring plan tied to its AI-first strategy, becoming the latest tech company to cite artificial intelligence in workforce reductions.
Saks Global exits bankruptcy with streamlined stores and luxury focus
Saks Global has emerged from bankruptcy with a reduced store footprint and a renewed emphasis on high-end luxury to drive a sales recovery.
Saks Global Emerges From Bankruptcy, Rebrands as Exemplar Luxury Group
Saks Global has exited Chapter 11 bankruptcy after completing a financial restructuring that cut roughly 75 percent of its debt. The company is now rebranding as Exemplar Luxury Group to signal a new chapter focused on growth and higher standards.
Coperni Wins Court Approval to Continue Under Receivership
A Paris court has granted French fashion label Coperni permission to continue operating under receivership protection, its president announced.