Accountancy Today

MARCH 1, 2023

It said a multidisciplinary team, led by Restructuring partner Geoff Rowley and FRP Corporate Finance partner Matthew Flower, then worked closely to help Truphone find a solution to the financial and operational challenges it faced.

Corporate Finance 81

Corporate Finance Sales Finance Restructuring 81

Global Finance

MAY 10, 2024

President Javier Milei’s currency moves give markets room for planning, but his ambitious economic restructuring faces roadblocks. Security Risk: Social and class tension and unrest. It also dampens foreign and corporate appetite for investments.

Currencies 88

Currencies Economics Foreign Exchange Investments 88

CFO Share

APRIL 12, 2024

Here’s one piece of universal small business advice to all business owners: invest equal time in financial risk management as growth planning. A significant decrease in revenue can result in layoffs or restructuring. For more information, check out our article on what is a business turnaround.

Risk Management 104

Risk Management CFO Restructuring Sales 104

Future CFO

FEBRUARY 13, 2023

We onboarded with Docusign to facilitate more secure digital signatures for transactional and legal documents. The Group also completed a successful restructuring which helped to strengthen its financial and cash position,” she added. This was addressed through the institution of daily cash monitoring and management.

Treasury 98

Treasury Cash Management Restructuring Accounts Payable 98

PYMNTS

AUGUST 7, 2020

But the ripple effects are daunting, as the moves could threaten the half-trillion-dollar market for commercial mortgage-backed securities. Toronto-based investment group Brookfield has been forced to skip mortgage payments as stores in its malls miss rent payments, PYMNTS previously reported. Crew Group Inc.

Retail 141

Retail Restructuring Leverage Securities 141

PYMNTS

AUGUST 13, 2020

Clear Thinking Group LLC is the company’s restructuring advisor, Foley & Lardner LLP is the company’s restructuring counsel and PJ SOLOMON is the company’s investment banker. It also foresees to close a number — if not each one — of its physical locations. In July, Ascena Retail Group, Inc.

Retail 58

Retail Restructuring Sales Securities 58

PYMNTS

AUGUST 4, 2017

While the firm said it is closing one of its companies “as part of a planned restructure,” and assured that customers wouldn’t be affected, the news did raise concerns over its financial health. PYMNTS breaks down the major AltFin investment rounds below, plus covers the other B2B FinTechs that were able to secure new funding.

Investments 43

Investments B2B Finance Restructuring 43

PYMNTS

AUGUST 21, 2020

Robinhood’s $200 million fundraise this week may be the talk of the FinTech town, but B2B FinTechs saw their fair share of fresh investments, too. six FinTechs were able to secure a share of the next round of RBS grant money , with the winners including small business banking and biometrics company Onfido. In the U.K.,

B2B 61

B2B Restructuring Investments Manufacturing 61

Future CFO

JANUARY 30, 2023

Among finance leaders, the commonality we hear are goals that include developing digital skills, restructuring/reframing finance to support a digital-first, digital-native enterprise, further improving flexibility of budgeting and finance recognising the uncertainty of what lies ahead and improving the return on enterprise-wide digital investments.

SAP 52

SAP Restructuring Budgeting Finance 52

PYMNTS

OCTOBER 10, 2018

However, the sources told WSJ that the retailer is looking into alternatives to avoid a restructuring in court. 9), Sears reportedly brought on a new director, Alan Carr, who is a restructuring expert. Lampert was seeking to restructure the retailer’s roughly $1.1 ESL Investments is a hedge fund controlled by Lampert.

Restructuring 47

Restructuring Retail Investments Planning 47

PYMNTS

JUNE 5, 2020

Sycamore is considering acquiring the entire company or making an investment in JCPenney, the news service reported. In mid-May, the struggling retailer disclosed that it paid $17 million in interest charges on a secured loan to avoid a default. The company has more than $15 billion in capital under management.

Restructuring 54

Restructuring Retail Sales Planning 54

PYMNTS

JANUARY 23, 2020

Another debt restructuring occurred in 2018 after more financial challenges accrued. Financial advisers to Fairway during yet another institutional reorganization include the restructuring law firm Weil Gotshal & Manges LLP and investment bank PJ Solomon Securities LLC.

Restructuring 52

Restructuring Marketing Securities Investments 52

CFO Share

MARCH 10, 2023

What will happen to SVB in receivership Receivership is an orderly restructuring or liquidation of a company – in the case of SVB, the FDIC. Contagion occurs when the insolvency of one financial institution spreads to others due to securities and contractual obligations between them. Stay tuned to what happens Monday March 13th.

Restructuring 40

Restructuring Forecasting Communication Banking 40

PYMNTS

DECEMBER 2, 2020

India has responded by tightening investment rules for Chinese companies wishing to participate in the Indian market, which Reuters reported many Chinese firms have become involved in to expand their revenues beyond just Chinese sources.

Sales 71

Sales Foreign Exchange Restructuring Planning 71

PYMNTS

JUNE 17, 2020

Neiman Marcus Group Chairman and Chief Executive Officer Geoffroy van Raemdonck said in the statement, “With the approval from the court to fully access the significant DIP (debtor in possession) financing we have secured from our creditors, we are well-positioned to continue to serve our customers and global luxury brand partners.”.

Finance 52

Finance Restructuring Forecasting Retail 52

PYMNTS

APRIL 23, 2020

Education administrators are forced to restructure everything from international recruitment, to visa applications, to refund policies.”. The bolstered functions let universities securely issue refunds to international students and automatically pause payment plans.

Education 52

Education Healthcare Restructuring Budgeting 52

PYMNTS

JANUARY 7, 2019

We continue to invest in refurbishing existing and opening new stores, and our investment budget in Hong Kong [for stores, information technology and online commerce] this year is the same as last year.”. locations last June after failing to restructure its debt or find a buyer. This follows Toys R Us shuttering all of its U.S.

Restructuring 59

Restructuring Budgeting Retail Investments 59

CFO News Room

NOVEMBER 8, 2022

So, now, help us understand how this evolved and where the challenges had come as this was evolving that got you to the point that you had to do some restructuring to make it this. They were more on the relationship side, client-facing, whereas I was getting my CFA charter and was more on the investment side. Cean: Yeah.

Restructuring 130

Restructuring Planning Accounting Marketing 130

PYMNTS

JULY 6, 2020

After considering all options, the Board has determined that a Chapter 11 filing is the best course of action to optimize the operations and secure the brand’s long-term success.”. is functioning as the retailer’s investment banker and financial adviser. Houlihan Lokey Capital, Inc.

Sales 54

Sales Restructuring Retail Finance 54

PYMNTS

OCTOBER 16, 2020

Over the last several years, the company has restructured and “transformed into a tech company with four core business areas,” the release said, listing those four areas as: Mobile Communications; Media (SK Broadband, Wavve, Dreamus Company); Security (ADT Caps, SK Infosec); and Commerce (11 Street, SK Stoa).

Transportation 63

Transportation Restructuring Advertising Communication 63

PYMNTS

APRIL 29, 2020

Bloomberg reported Tennessee-based CBL Properties, which owns 68 enclosed, outlet and open-air retail malls, is seeking advice on strategic and financing options, including restructuring. A discussion of a bankruptcy filing could be a last resort.

Restructuring 61

Restructuring Retail eCommerce Finance 61

PYMNTS

SEPTEMBER 22, 2020

As of last year, Deutsche has been undergoing a restructuring effort that encompasses a decrease of its balance sheet, 18,000 employment reductions by 2022 and less investment banking activity. Securities and Exchange Commission (SEC) filing per the outlet.

Banking 84

Banking Planning Restructuring Forecasting 84

Future CFO

JULY 25, 2023

For instance, CFOs’ second top strategic business priority is corporate action such as M&A and restructuring (41%), which ranks fourth for CEOs (27%), the firm added. How best do we secure capital? What does it look like when we model out the impact on margin and ROIC?,” Bant advised.

CFO 52

CFO Education Restructuring Leverage 52

PYMNTS

JUNE 1, 2020

Guggenheim Securities, LLC is functioning as the retailer’s investment banker, while AlixPartners LLP is serving as its restructuring adviser. It noted that Kirkland & Ellis LLP is serving as its legal advisor in the U.S. and Hoskin & Harcourt LLP in Canada.

Restructuring 52

Restructuring CFO Retail Sales 52

Future CFO

DECEMBER 18, 2019

Moody’s Investors Service said recently that its outlook for APAC non-bank financial institutions (NBFIs),which highlights the key credit trends shaping finance and securities companies in 2020 , is negative.

Banking 40

Banking Restructuring Economics Finance 40

CFO News Room

JANUARY 18, 2023

Income from financial holdings (including cash balances, investments in financial securities and minority holdings in other businesses) are added back, and interest expenses on debt are subtracted out to get to taxable income. Returns on Invested Capital (or Equity).

Marketing 130

Marketing Hurdle Rate Investments Accounting 130

Spreadym

SEPTEMBER 12, 2023

Create a Revenue Forecast: Estimate your expected income sources, including salaries, sales revenue, investment income, grants, or any other sources of revenue. Account for Savings and Investments: Allocate a portion of your income for savings, investments, or emergency funds.

Budgeting 59

Budgeting Strategic Planning Forecasting Economics 59

VCFO

JULY 15, 2022

These opportunities include: Prioritizing Capital Discipline and Free Cash Flow Generation – A reactive approach of undisciplined investment in more pumps, trucks, and equipment in booms has led to the demise of many OFS companies that found themselves unable to quickly divest assets to stay afloat during tough times.

Restructuring 72

Restructuring Prioritization Auditing Transportation 72

PYMNTS

DECEMBER 8, 2019

The region’s struggling financial institutions are mostly comprised of investment banks suffering from a combination of revenue declines and market share losses to U.S. The costs of reducing overcapacity through restructuring?.?.?.?are The workforce at Europe’s 10 largest banks is down to 1.1 million people, a fifth lower since 2008.

Profit and Loss 56

Profit and Loss Restructuring Auditing Economics 56

PYMNTS

DECEMBER 10, 2020

Speaking with PYMNTS, Rusty Zosel , CEO of healthcare industry procure-to-pay solution provider Procurement Partners , traced back through the biggest pain points healthcare entities experienced as they raced to secure the products they needed to care for patients and keep their heads above water.

Healthcare 87

Healthcare Accounts Payable Restructuring Invoicing 87

PYMNTS

APRIL 21, 2020

Once financing has been secured, managing existing loans remains a headache for many firms, said Bjonerud. ” There are also often non-financial covenants, such as restrictions on mergers and acquisitions or other investment activities. .” Finding the right loan product is only part of the middle-market borrowing puzzle.

Marketing 56

Marketing Finance Restructuring Banking 56

PYMNTS

OCTOBER 25, 2019

“The question is the degree and extent that a fresh look will lead to a more radical consumer restructuring, which we feel is needed.” . Aside from Fraser, another candidate for the top spot includes Paco Ybarra, who took over Forese’s role as head of Citigroup’s investment bank. percent,” the article said.

Banking 40

Banking Restructuring Investments Securities 40

PYMNTS

SEPTEMBER 19, 2017

18 and hopes to begin a restructuring that will allow it to revamp its long-term debt. The nation’s largest specialty toy store faces $400 million in debt payment due in 2018, which was onerous enough that the company hired Kirkland & Ellis, a law firm that specializes in corporate restructurings, in June.

Restructuring 41

Restructuring Construction Retail Finance 41

PYMNTS

SEPTEMBER 27, 2017

Toys“R”Us has just managed to secure $3.1 Those new funds, according to Toys“R”Us leadership, will go toward investing in the renovation and modernization of store locations across the nation, with a particular focus on improvements to layout, lighting and usability for customers.

Finance 46

Finance Restructuring Leadership Retail 46

PYMNTS

MAY 1, 2020

And Shetty’s holding company BRS Ventures, which owns stake in Finablr and NMC, was in conversation with investment bank Houlihan Lokey on options that included debt restructuring. After that revelation, the company explored options like bringing in new investors or taking the company private.

Foreign Exchange 61

Foreign Exchange Restructuring Valuation Numbers 61

PYMNTS

MARCH 16, 2018

Reports Friday (March 16) said the Department of Justice (DOJ) and the Securities and Exchange Commission (SEC) are investigating Wells’ wealth management unit, unnamed sources told the WSJ. Some of those sources also said the Federal Bureau of Investigation is speaking with some employees in the wealth management unit.

Restructuring 40

Restructuring Accounting Investments Securities 40

PYMNTS

OCTOBER 8, 2018

million in software assets, plus a restructuring charge, totaling a second-half profit impact of $503.26 .” ANZ said it also plans to write down $145.8 million, reports said.

Banking 51

Banking Restructuring Planning Securities 51