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restructuring plan
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United Natural Foods Reports Fiscal 2016 Fourth Quarter and Full Fiscal Year Results
Sep 20, 2016United Natural Foods has reported financial results for the fourth fiscal quarter and fiscal year ended 30 July 30, 2016. Fourth Quarter and Full Year Fiscal 2016 Highlights Net sales for the fourth quarter of fiscal 2016 increased 7.4% ...
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CCL Industries Reports 2016 Second Quarter Results
Aug 9, 2016CCL Industries, a specialty label and packaging solutions for global corporations, small businesses and consumers, reported 2016 second quarter results. Sales for the second quarter of 2016 increased 33.1% to $960.2 million, compared to ...
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Veeco Grows Gross Margin Despite Revenue Falling 9% in Q2 to $75.3m
Aug 8, 2016For second-quarter 2016, epitaxial deposition and process equipment maker Veeco Instruments Inc of Plainview, NY, USA has reported revenue of $75.3m, down 8.6% on $78m last quarter and 42.7% on $131.4m a year ago, consistent with ...
Tags: Veeco, LED industry
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United Natural Foods Announces Second Quarter Fiscal 2016 Results
Mar 13, 2016United Natural Foods has reported financial results for the second fiscal quarter and six months ended January 30, 2016. The Company also announced today that it has acquired certain assets of Global Organic/Specialty Source, Inc. and ...
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Quiksilver Receives Court Approval for $175 Million DIP Financing
Sep 15, 2015Quiksilver, Inc. announced that the United States Bankruptcy Court for the District of Delaware has approved a variety of First Day Motions related to its voluntary Chapter 11 restructuring. Collectively, the orders granted by the ...
Tags: Quiksilver, Roxy, DC
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Cree's Quarterly LED Product Revenue Falls 21% Amidst Restructuring
Aug 17, 2015For full-year fiscal 2015 (ended 28 June), Cree Inc of Durham, NC, USA has reported revenue of $1.63bn, down just 1% on fiscal 2014's record $1.65bn. Specifically, revenue for Lighting Products (mainly LED lighting systems and bulbs) grew ...
Tags: LED Product, LED chips
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Concentric AB to Lay off 34 Staff to Restructure New Manufacturing Unit in Argentina
Jul 24, 2015Pump manufacturer Concentric AB will lay off 34 staff as part of its plan to restructure its new manufacturing unit in Chivilcoy, Argentina, in the wake of drooping demand in commercial vehicle market in South America. The entire one-off ...
Tags: Pump, commercial vehicle
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Nike Topped The List of The Most Valuable Apparel Brand with a Brand Value
May 29, 2015Nike topped the list of the most valuable apparel brand with a brand value of $29,717 million in the 2015 BrandZ top 100 global ranking. It is followed by Zara at $22,036 million and H&M at 13,087 million. Tommy Hilfiger was tenth with a ...
Tags: Nike, Global Ranking, Apparel
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Birla Group New Development Plan
Apr 10, 2015The Aditya Birla Group has proposed a four-way restructuring plan to bring its retail business under Pantaloon Fashion & Retail (PFRL) and offer a maximum of 10 per cent equity stake to an investor in the consolidated entity, according to ...
Tags: Birla Group, Pantaloons Fashion
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Tesla Motors Will Be Handing Pink Slips to Its Employees in China
Mar 10, 2015Tesla Motors Inc has announced that it will be handing pink slips to its employees in China as a part of its restructuring plan. The premium electric vehicle maker hasn’t declared the number of jobs that will be slayed, but there ...
Tags: Tesla Motors, electric vehicle
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Delphi Automotive Has Agreed to Sell Its Wholly-Owned Thermal Business to MAHLE
Feb 26, 2015Automotive parts manufacturing company, Delphi Automotive has agreed to sell its wholly-owned thermal business to MAHLE for approximately $727m, as as part of its restructuring plan. The company said that the proceeds from the sale will ...
Tags: Delphi Automotive
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HkScan Group Announced Plans to Restructure Its Production Capacity in Denmark
Jan 7, 2015Meat company HKScan Group has announced plans to restructure its production capacity in Denmark in a bid to streamline its operational footprint. The actions will enable the company to improve operational efficiency and will help create a ...
Tags: deboning capacity, Agriculture
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Oclaro Has Reported Revenue of $89.2m for Its Fiscal First-Quarter 2015
Nov 11, 2014For its fiscal first-quarter 2015 (ended 27 September 2014), Oclaro Inc of San Jose, CA, USA (which provides components, modules and subsystems for optical communications) has reported revenue of $89.2m (at the high end of the $83-91m ...
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Outokumpu Has Announced an Update on Its Strategy
Sep 28, 2014Finland-based stainless steelmaker Outokumpu has announced an update on its strategy, and also announced the expansion of its efficiency programs as well as the expected achievement of its €200 million synergy targets in 2015, two ...
Tags: Outokumpu, stainless steelmaker
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US Steel Canada Owes Over $94 Million to Contractors and Suppliers
Sep 25, 2014Local news reported Tuesday that US Steel Canada, which has recently applied for creditor relief, owes over $94 million to contractors and suppliers, including 190 companies in the Hamilton, Ontario area, but the preliminary list of ...