PYMNTS

OCTOBER 22, 2020

HSBC will be restructuring its commercial banking business in Britain which will result in 300 job cuts, according to Reuters. The cuts come as part of Europe's largest bank's larger restructuring effort from earlier this year, with HSBC looking to cut costs worldwide as the ability to boost revenues becomes more difficult.

Restructuring 91

Restructuring Profit and Loss Banking Economics 91

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. Deutsche’s move to decrease its number of locations comes after news that Commerzbank would not open 200 offices again that were closed amid COVID-19.

Banking 84

Banking Planning Restructuring Forecasting 84

PYMNTS

AUGUST 23, 2020

The pandemic has fueled the need for European banks to restructure following years of poor performance. For example, based on weak returns, the newspaper reports HSBC is planning to trim 15 percent of its workforce. For example, based on weak returns, the newspaper reports HSBC is planning to trim 15 percent of its workforce.

Banking 83

Banking Restructuring Numbers Planning 83

PYMNTS

AUGUST 28, 2020

Reuters quoted Dennis Baden , partner in charge at executive search firm Heidrick & Struggles, as saying: “We didn’t see a lot of restructuring or layoffs with the banks (earlier in the pandemic). and we might see an increase in restructuring.”. We’re starting to see it now. things will get a little bit worse. and Wells Fargo.

Banking 108

Banking Restructuring Economics Finance 108

CFO Thought Leader

OCTOBER 17, 2023

Unbeknownst to McClure—and perhaps even to the firm’s subsequent new CFO hire—a transformative chapter was about to get under way at the security firm that involved a massive restructuring and Chapter 11 bankruptcy. Jack Sweeney “Don’t rigidly plan your career by focusing too much on a destination many years down the road.

CFO 59

CFO Restructuring Leadership Finance 59

Accountancy Today

MARCH 1, 2023

Following an initial review of options, FRP Corporate Finance’s special situations M&A team commenced an “extensive” sale process, involving a number of international parties, to put in place a new ownership and funding structure.

Corporate Finance 81

Corporate Finance Sales Finance Restructuring 81

PYMNTS

AUGUST 2, 2017

The earnings numbers are in for Under Armour, and it’s not exactly what the sports apparel retailer was hoping for. Following this restructuring plan, Under Armour is also reworking its sales forecast outlook for the remainder of 2017.

Sales 40

Sales Restructuring Planning Forecasting 40

E78 Partners

APRIL 12, 2024

Step 1: Define & model the acquisition archetypes for planned M&A transactions There are various types of acquisitions that can be made, each with their unique purposes and overall integration strategies aimed at fueling growth through acquisition in a platform organization. This can be easily done via a 3-step assessment exercise.

Mergers and Acquisitions (M&A) 59

Mergers and Acquisitions (M&A) Concentration Restructuring Planning 59

The Finance Weekly

JANUARY 12, 2023

It isn’t clear when Amazon planned to announce their layoffs as they blamed a staff leak on having to make it public earlier than expected, however it appears that a full 18,000 employees are expected to be terminated. They raised the number from 10,000 that was announced first in November. billion.”.

Economics 105

Economics Restructuring Manufacturing Startups 105

The Charity CFO

JULY 14, 2022

Take a hard look at which debt you can pay off or restructure now to reduce your monthly payments. If you don’t have 30 days of cash on hand, design a savings plan to get your cash balance to at least 30 days. When there is a recession on the doorstep, it makes sense to lock in your fundraising plan earlier rather than later.

Nonprofit 105

Nonprofit CFO Economics Restructuring 105

CFO News Room

NOVEMBER 8, 2022

Michael Kitces is Head of Planning Strategy at Buckingham Strategic Wealth , a turnkey wealth management services provider supporting thousands of independent financial advisors. In 2010, Michael was recognized with one of the FPA’s “Heart of Financial Planning” awards for his dedication and work in advancing the profession.

Restructuring 130

Restructuring Planning Accounting Marketing 130

PYMNTS

JULY 31, 2020

Under the plan, ABG would complete the deal with buying partners Simon Property Group and Brookfield Property Partners, the report said. In its Chapter 11 filing, Ascena wrote that it reached a restructuring agreement with 68 percent of its secured term lenders and received $150 million in new loans. billion debt.

Restructuring 58

Restructuring Retail Sales Numbers 58

CFO Thought Leader

FEBRUARY 19, 2024

As a seasoned advisor to management, Suidan had contributed shareholder insights to the turnarounds and restructurings of dozens of businesses. “My two big pieces for the coming year are, number one, to finish that third pillar of the turnaround, and, number two, to get the message out—which is not easy, by the way, right?,”

CFO 52

CFO Restructuring Finance Numbers 52

PYMNTS

JULY 2, 2020

We may be on borrowed time for job cuts in a number of industries…that were not necessarily distressed when we entered the pandemic,” she said, according to WSJ. The company was able to reach a deal with most of its lenders that afforded it another $450,000 to stay afloat during its restructuring.

Restructuring 88

Restructuring Communication Retail Economics 88

PYMNTS

MAY 7, 2020

And in retail, Nordstrom and Lord & Taylor are dampening the industry’s reopening plans. 60 cents: Earnings per share Disney reported for Q2 after adjusting for restructuring charges and other effects. 16: Number of full-line stores that Nordstrom will close. All this, Today in Data.

Retail 52

Retail Restructuring Numbers Planning 52

CFO Simplified

MARCH 7, 2024

Many “beneficial owners” choose to obtain something called a “FinCEN ID,” which is a unique identifying number issued to an individual by FinCEN. Robert Garner, a partner in LP’s Corporate and Tax Planning Practice Groups , advises clients on tax planning in connection with a wide variety of transactions.

Tax Planning 59

Tax Planning Compliance Restructuring Treasury 59

CFO Simplified

MARCH 7, 2024

Many “beneficial owners” choose to obtain something called a “FinCEN ID,” which is a unique identifying number issued to an individual by FinCEN. Robert Garner, a partner in LP’s Corporate and Tax Planning Practice Groups , advises clients on tax planning in connection with a wide variety of transactions.

Tax Planning 52

Tax Planning Compliance Restructuring Treasury 52

PYMNTS

JUNE 26, 2020

The long-awaited initial public offering (IPO) of Idaho-based grocery chain Albertsons went ahead on Friday (June 26) after often-fraught years of planning. That was well before pandemic-related mayhem disrupted, then fundamentally restructured, the grocery sector to favor well-heeled operators like Amazon and Walmart.

Restructuring 89

Restructuring Sales Planning Numbers 89

PYMNTS

DECEMBER 19, 2019

The bank is expecting to deliver services like planning and financing advice to help firms in danger of becoming junked to get out of predicaments, according to Daniel Rudnicki Schlumberger, who jointly runs the bank’s Leveraged Finance Origination for Europe, the Middle East and Africa. JPMorgan Chase & Co.

Restructuring 52

Restructuring Leverage Finance Banking 52

Fpanda Club

SEPTEMBER 2, 2021

This relates to FP&A which stands for financial planning and analysis. Typical FP&A activities and responsibilities Financial planning and analysis is one of the pillars of the modern finance function. Planning relates to determining the company’s short-term (1-year) and long-term (3-5 years) objectives.

Financial Planning and Analysis (FP&A) 130

Financial Planning and Analysis (FP&A) Corporate Finance Communication Budgeting 130

PYMNTS

APRIL 21, 2020

Halfway through the year, the company began winding down the number of cities in which it operated, shutting down in major markets like Boston, Chicago and New York City. GM said the decision came down to an evaluation of how the service was doing. Early in 2019, the head of Maven left her post.

Restructuring 56

Restructuring Numbers Planning Marketing 56

PYMNTS

FEBRUARY 3, 2020

The fast-fashion merchant, which is based in California, filed for bankruptcy last year following years of growth around the world without a clear plan on how to leave bankruptcy and restructure. The retailer said it would shutter a large number of brick-and-mortar stores around the globe per news at the time.

Restructuring 57

Restructuring Retail Planning Numbers 57

PYMNTS

AUGUST 6, 2019

Barneys, which has 13 department stores and nine warehouse stores, will have to immediately shut down most of its locations and look for a buyer for seven core stores, according to the restructuring plan. The company currently has about $200 million in debt, according to the report.

Restructuring 49

Restructuring Construction Finance Retail 49

Corporate Finance Lab

JULY 11, 2023

The long anticipated law of 7 June 2023 implementing the European Directive on restructuring and insolvency brings about a major reform of Belgian insolvency law. The debtor stays in possession and draws up a reorganisation plan proposing debt write offs and other concessions to be made by the creditors.

Restructuring 48

Restructuring Securities Planning Sales 48

PYMNTS

JANUARY 3, 2020

The takeover is a big part of Commerzbank’s plans to restructure itself, a plan that was announced in September by head Martin Zielke. The issue is not without contention, and a number of minority shareholders may ask for compensation over the delisting move. Petrus said at the end of last year that it had a 7.5

Restructuring 52

Restructuring Planning Numbers 52

Future CFO

JULY 9, 2023

Despite dwindling deal numbers, lucrative M&A opportunities continue to be available for those with the appetite and eye for lower valuations. While there are many benefits to transforming a business, it’s important to know when it is appropriate to execute such a plan – timing is critical. billion, according to Dealogic.

Mergers and Acquisitions (M&A) 52

Mergers and Acquisitions (M&A) Restructuring Leverage Valuation 52

Corporate Finance Lab

DECEMBER 3, 2021

The official deadline for the implementation of the Directive (EU) 2019/1023 on restructuring and insolvency was scheduled for 17 July 2021. Such class formation for the approval of a restructuring plan is unprecedented in Belgian insolvency law and could completely upset the bargaining dynamics between stakeholders in Belgian restructurings.

Restructuring 64

Restructuring Planning Reconciliations Economics 64

VCFO

JANUARY 27, 2022

Since our formation in 1996, vcfo has helped our clients through a number of booms and busts (.com, Time tested business plans will simply not work without adjustments as inflation takes hold. It is critical to focus on inflation now and make necessary changes to your operating plan to combat it. The Perils of Inflation.

Benchmarking 81

Benchmarking Restructuring Leadership Planning 81

Planful

SEPTEMBER 18, 2018

Common examples are stock compensation expenses or restructuring charges. How we use Planful to Report. Using Planful’s fp&a platform to automate the calculation and reporting of EBITDA is as simple as it can get. we report restructuring charges to severance expense, rent expense, benefits, etc.)

Profit and Loss 40

Profit and Loss Restructuring Forecasting CFO 40

CFO News Room

JANUARY 11, 2023

Through cuts, restructuring, and resource reallocation, Google seeks to become “20% more efficient.”. We expect Google will expand its customer-facing organizations in its focus areas (cloud, search, and YouTube), even as it pares back other businesses and reduces the number of non-customer-facing positions.

B2B 100

B2B Sales Concentration Restructuring 100

PYMNTS

SEPTEMBER 28, 2020

The muted outlook for the future comes against a backdrop, where businesses — large and small, across any number of verticals — are navigating unprecedented impact on cash flow. The liquidity challenges are towering, he said. Where We Go From Here.

Accounts Payable 116

Accounts Payable Restructuring Entertainment Economics 116

PYMNTS

SEPTEMBER 24, 2020

We’ve seen Walmart throw down the gauntlet on eCommerce, going public with its plans to hire Amazon-like numbers for its fulfillment centers. This restructuring will also create a similar level of recurring annual cost savings that will help fuel the acceleration of our digital transformation.

Restructuring 64

Restructuring Retail eCommerce Communication 64

PYMNTS

MARCH 2, 2017

“Like many other apparel and retail companies, BCBG has fallen victim in recent years to adverse macro-trends, including a general shift away from brick-and-mortar to online retail channels, a shift in consumer demographics away from branded apparel,” Chief Restructuring Officer Holly Felder Etlin said in court papers filed Wednesday (Mar.

eCommerce 40

eCommerce Restructuring Retail Planning 40

PYMNTS

OCTOBER 28, 2016

Bloomberg is reporting that bankruptcy number two could be coming down the pipe in the next few weeks. AA left bankruptcy last April a private firm and is now working with strategic advisory firm Berkeley Research Group to oversee its restructuring efforts, sources told Bloomberg.

Restructuring 57

Restructuring Numbers Planning Finance 57

PYMNTS

MAY 5, 2020

After adjusting for restructuring charges and other effects, Disney reported earnings of 60 cents a share, down from $1.61 The coronavirus pandemic and the economic shutdown it has prompted have exposed a central vulnerability to Disney’s once-bulletproof business plan,” wrote The Wall Street Journal. billion, up from $14.9

Profit and Loss 65

Profit and Loss Restructuring Entertainment Economics 65

PYMNTS

JUNE 26, 2019

The self-driving startup had recently filed a notice in California about plans to close the business and lay off its workers, which numbered around 90. Apple called the cuts restructuring at the time. It had also teamed up with the city of Arlington in Texas for a self-driving shuttle service.

Startups 40

Startups Restructuring Valuation Retail 40

PYMNTS

AUGUST 5, 2016

CFO Michael Berry plans to restructure operations to respond to the changes seen in criminal attacks where cybercriminals are leveraging ransomware to target the financial sector. Here are the numbers: $175 million | Revenues for Q2, in-house estimates were between $178 million and $185 million. $80

Restructuring 40

Restructuring Forecasting CFO Leverage 40