restructuring news and archive

Saks Global rebrands as Exemplar Luxury Group as it exits bankruptcy under new ownership

Saks Global announced the successful completion of its restructuring process, emerging from Chapter 11 under new ownership, with a new name: Exemplar Luxury Group (ELG). The department store group stated that it has reduced its debt by 75 percent, secured sufficient liquidity, and has the full backing of its capital partners and other...

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Retail

Restructuring retail: Lifeline or legalised pause button?

Store closures, rent cuts, and creditor cramming – restructuring plans have become a familiar headline in UK retail. But beyond the legal jargon, questions are mounting: Are these plans really turning businesses around, or simply buying time? And is the sector offloading its problems onto landlords, rather than fixing what is broken? River...

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Business

Dow to close three upstream European assests

Dow, a leading material science company, is set to close three upstream assets in Europe in response to structural challenges it is currently facing in the region. The decision is a follow-up to the European asset actions first published in April 2025 and has been approved by the Board of Directors. The three assets that will shut down include...

Retail

River Island to close 33 stores, putting hundreds of jobs at risk amid restructuring

British high street stalwart River Island has announced plans to close 33 of its 230 UK stores, a move that puts hundreds of jobs in jeopardy as it seeks to restructure its operations in response to shifting consumer habits and rising costs. As reported by the BBC, the company is also negotiating rent reductions across a further 71 locations....