Over burdened with a pile of debt, China’s second biggest property developer, Evergrande Group, is desperate for government support for a restructuring plan that has been waiting for four years, and has warned that it faces a cash crunch that… Read More ›
restructuring plan
House of Fraser to shutdown; 6000 jobs at risk
British departmental stores, House of Fraser, having 56 stores and 2 outlets across the U.K., has proposed the closure of 31 of its stores as part of a restructuring plan. On Thursday, Britain’s House of Fraser said it has proposed… Read More ›