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Tag Archives: restructuring

Clothing giant Forever 21 explores restructuring in the midst of retail concerns

Pedestrians pass a Forever 21 store in New York. Scott Mlyn | CNBC Forever 21 is reviewing restructuring options to bolster its liquidity as the fast-fashion giant struggles with its business. The company is in talks with the private equity firm Apollo Global Management on the inclusion of debtor-in-possession funds to provide funding should it file for bankruptcy, the person …

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Sirangelo leaves NASA after the exploration restructuring is discontinued

WASHINGTON – A former space industry executive who joined NASA to lead their revised moon exploration strategy left the agency in just one and a half months. In an internal memo, NASA administrator Jim Bridenstine announced that Mark Sirangelo had resigned as a special assistant to the administrator after a proposed reorganization of the agency had been rejected by Congress. …

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WarnerMedia Announces Restructuring Following Acquisition of AT & T

Greenblatt's portfolio includes HBO and a majority of Turner, two divisions previously managed separately. John Stankey, CEO of WarnerMedia, said Monday in a memo, Consolidation "will give us the flexibility and flexibility needed to align our brands in a variety of evolving sales models with a more coordinated approach to our original programming develop." Greenblatt's WarnerMedia Entertainment division will include …

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GM is building 4,000 workers in the last round of restructuring

WASHINGTON (Reuters) – General Motors Co announced Monday that it would hand over some 4,000 employees to pink workers in the last round of a restructuring announced in late November that would ultimately cut its workforce in North America by 20% from 54,000. Two people learned about the cuts, GM said it is cutting down hundreds of jobs at its …

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PG & E set to name restructuring chief as it prepares bankruptcy filing: report

Battery California Utility PG & E Corp.                                                                                                                                                                                                                               PCG, + 2.04% is set to name James Mesterharm as chief preparer of the bankruptcy protection document as soon as Tuesday, Reuters reported Monday night. PG & E is facing at least $ 30 billion in liabilities from devastating …

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According to reports, several executives following the restructuring for alleged affair

The Snapchat logo will be on display at the new Snapchat headquarters in 2013. Photo: Kevork Djansezian (Getty) Snap has reportedly ousted several senior executives following an investigation into a suspected scandal. Now, former global security chief Francis Racioppi, Maureen Farrell of the Wall Street Journal, reported on Friday , According to reports, Racioppi was released after the investigation revealed …

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Bombardier sells assets and reduces 5,000 jobs during the restructuring

Bombardier announces a tightening stating that about 5,000 jobs will be cut in the next 12-18 months. Photo: Paulo Whitaker / Reuters Updated on November 8, 2018, 7:54 pm ET Bombardier Inc. BDRBF 1.57% on Thursday said that it is generating its turboprop unit and a training company as part of a rationalization process that will generate net sales of …

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The profit-driven college chain is suing the US government for maintaining state aid in the event of restructuring

In recent years, the problems of the for-profit college operator Education Corporation of America have been mounting . It has stopped paying on time for its debts. And it fights the eviction from multiple locations, while creditors pursue judgments against the company. This week, ECA told a federal judge that it could not complete a lecture – a process whereby …

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Apple is restructuring its sales force in India with restrained growth

Apple sold less than one million iPhones in India in the first half of 2018, according to Bloomberg . The company has suffered losses in the largest smartphone market in the world. Three senior sales executives reportedly left Apple as the company restructured its operations there. Outgoing executives include the national sales and distribution chief, commercial channel manager, and mid-market …

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