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RESTRUCTURING NEWS ON FASTMOVING

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Forever 21 to close almost 180 outlets in the US

Forever 21 to close almost 180 outlets in the US

01/10/2019 - 08:55
Fashion retailer Forever 21 filed for bankruptcy last week, as it joined a growing list of brick-and-mortar players who have succumbed to the onslaught of e-commerce companies such as Amazon.com. read more
Clover, Milco merger puts 657 jobs on the line

Clover, Milco merger puts 657 jobs on the line

17/09/2019 - 10:05
A total of 657 existing jobs will be on the line at Clover Industries in the next two years if the R4.8 billion merger between the JSE-listed dairy company and Israel-based Milco is approved by the Competition Tribunal.  read more
Steinhoff says restructuring exercise complete

Steinhoff says restructuring exercise complete

14/08/2019 - 12:15
International retailer Steinhoff said its subsidiaries Steinhoff Europe AG (SEAG) and Steinhoff Finance Holding GmbH (SFHG) had successfully completed the implementation of an exercise which restructured their financial indebtedness and changed the group's European corporate holding structure. read more
UK retailer Tesco restructuring threatens 9,000 jobs

UK retailer Tesco restructuring threatens 9,000 jobs

29/01/2019 - 11:29
Up to 9,000 jobs are at risk as part of a restructuring programme announced by British supermarket giant Tesco. read more
M&S confirms further store closures and reduces simply food openings programme

M&S confirms further store closures and reduces simply food openings programme

01/02/2018 - 13:34
Marks & Spencer confirms it will close another six outlets by the end of April and is considering shutting eight more as part of its store restructuring plans. read more
Distell postpones restructuring deadline again after delays

Distell postpones restructuring deadline again after delays

30/01/2018 - 09:56
"What’s another two months when you’ve been waiting almost nine years," was the response of one weary Distell shareholder to news that the closing date for the restructuring had been pushed out to April 6 from January 29. read more
Appeal against restructuring of Distell dismissed

Appeal against restructuring of Distell dismissed

29/01/2018 - 11:00
The Takeover Special Committee has dismissed an appeal by shareholder activist Albie Cilliers of Remgro’s restructuring of liquor group Distell.  read more