Alvarez & Marsal | Global news | Restructuring

An overview of Alvarez & Marsal global news:

Middle East

Middle East | Regional

GCC business leaders forecast more financial distress ahead Seven out of ten CEOs and business leaders in the Gulf Cooperation Council (GCC) believe there will be more businesses experiencing financial distress in the next 12 months.
11 September 2023
United Kingdom

Europe | United Kingdom

WeWork hires Alvarez & Marsal for lifeline restructuring Beleaguered ‘unicorn’ WeWork has appointed restructuring specialists from Alvarez & Marsal, as it seeks a lifeline for its floundering business.
30 August 2023
United States

North America | United States

WeWork hires restructuring advisors amid financial woes WeWork has hired several advisors to support its restructuring as it deals with high debt levels and financial underperformance, Bloomberg reported on Wednesday.
29 August 2023
Middle East

Middle East | Regional

Financial distress in the GCC on the rise, finds Alvarez & Marsal Business leaders across the Gulf Cooperation Council (GCC) region are expecting more pressure to transform or restructure their businesses in a market likely to turn volatile in the short term.
27 May 2023
United Kingdom

Europe | United Kingdom

A&M to oversee Aartee Bright Bar administration Administrators Alvarez & Marsal have been appointed to UK steel firm AarteeBright Bar.
15 February 2023
Canada

North America | Canada

Bed Bath & Beyond Canada shutting down, taps Alvarez & Marsal as monitor Bed Bath & Beyond’s Canadian division will be winding down its operations, according to a creditor protection filing by its monitor Alvarez & Marsal.
14 February 2023
United Kingdom

Europe | United Kingdom

Crypto platform FTX appoints Alvarez & Marsal as restructuring advisor Consultancy Alvarez & Marsal and law firm Sullivan & Cromwell have been named as the restructuring advisors of FTX.
15 November 2022
United Kingdom

Europe | United Kingdom

Administrators sue EY for NMC 'negligence' Following the collapse of NMC, administrators from Alvarez & Marsal have levelled a legal claim against EY.
25 May 2022
United Kingdom

Europe | United Kingdom

Alvarez & Marsal completes next step of Tricorn Group restructuring Having been called in the summer of last year, Alvarez & Marsal has completed the next step of Tricorn Group’s international restructuring plan.
11 April 2022
United Kingdom

Europe | United Kingdom

Administrators from A&M appointed to People's Energy Amid the mounting energy crisis of the UK, Alvarez & Marsal has been appointed as Joint Administrators to the People’s Energy Company.
30 September 2021
United Kingdom

Europe | United Kingdom

A&M appointed administrator to PFP Energy Administrators from Alvarez & Marsal have been appointed to PFP Energy. The company’s customers have been transferred to British Gas as part of the Supplier of Last Resort process.
28 September 2021
Hong Kong

Asia | Hong Kong

Alvarez & Marsal’s restructuring team helps keep Genting afloat Hong Kong listed cruise and resort company Genting is restructured, recapitalised and ready to go – following a year-long restructuring process managed by a team at Alvarez & Marsal in Hong Kong.
21 July 2021
Maldives

Asia | Maldives

Consultants advise on restructuring of Trans Maldivian Airways Trans Maldivian Airways (TMA) has a new set of creditors: private equity giant Carlyle Group and New York hedge funds King Street Capital Management and Davidson Kempner Capital Management are on board.
19 July 2021
Middle East

Middle East | Regional

Leading restructuring consulting firms ramping up in Gulf Specialist restructuring consulting firms are currently beefing up their numbers in the Middle East – in anticipation of widespread business struggles brought about by the coronavirus.
17 February 2021
Asia

Asia | Regional

Remain vigilant against fraud to avoid financial ruin, say experts As businesses face heavy pressures due to the global economic downturn, companies and their stakeholders need to remain vigilant against fraud to avoid financial ruin, say experts from leading global
08 October 2020
Middle East

Middle East | Regional

A&M working on NMC Health's administration and turnaround Already the administrator for NMC Health’s holding company in London, Alvarez & Marsal has now been appointed to manage NMC Health’s administration in Abu Dhabi.
26 August 2020
India

Asia | India

Indian restructuring experts win prestigious global award Restructuring experts from India have been awarded one of the most prestigious global prizes in their field for their pioneering work on the operational turnaround of Essar Steel.
20 August 2020
United Kingdom

Europe | United Kingdom

Pret A Manger taps Alvarez & Marsal and CWM for transformation Dining chain Pret A Manger looks to be drastically shifting its business model to adapt for a new retail environment in the UK.
03 June 2020
India

Asia | India

How A&M advised on Essar Steel's historic turnaround and sale Turnaround specialists from Alvarez & Marsal managed the complex insolvency process at Essar Steel, which not only led to the recovery of 90% value for lenders, but might have paved the way for the s
01 June 2020
United Kingdom

Europe | United Kingdom

Virgin Atlantic taps Alvarez & Marsal for possible insolvency As the global aviation industry struggles amid the coronavirus lock-down, a number of firms have entered into administration.
12 May 2020
South Africa

Africa | South Africa

Alvarez & Marsal brought on board SAA rescue operation Global management consultancy Alvarez & Marsal is now involved in the turnaround plan for South African Airways (SAA), having been called in to offer “objective, impartial insight” into SAA affairs.
09 January 2020
Hong Kong

Asia | Hong Kong

Alvarez & Marsal adds two directors to Asia restructuring team Global advisory Alvarez & Marsal has further strengthened its Asia restructuring team with two experienced hires in Hong Kong; Tiffany Wong and Kitty Yeung.
20 December 2019
Asia

Asia | Regional

Alvarez & Marsal Asia boss Jim Dubow new chairman of Noble Jim Dubow, the head of Alvarez & Marsal in Asia, has replaced Paul Brough as the chair of recovering commodities firm Noble Group.
18 October 2019
United Kingdom

Europe | United Kingdom

Tata Steel to close Welsh site amid A&M restructuring Tata Steel has enlisted Alvarez & Marsal to help with a restructuring programme for its UK wing.
11 September 2019
United Kingdom

Europe | United Kingdom

Debenhams taps Alvarez & Marsal's Stefaan Vansteenkiste as CEO Troubled UK retailer Debenhams has installed turnaround expert Stefaan Vansteenkiste as its Chief Executive Officer, as it approaches a make-or-break Christmas trading period in late 2019.
15 August 2019
United States

North America | United States

Alvarez & Marsal's Julie Hertzberg named president of Insol Julie Hertzberg, a managing director at consulting firm Alvarez & Marsal, has been appointed president of Insol International, the worldwide federation of national associations of accountants and law
22 May 2019
United Kingdom

Europe | United Kingdom

Alvarez & Marsal administrates 322-strong care home group Four Seasons Health Care, one of Britain's largest care home groups, has appointed professional services firm Alvarez & Marsal to oversee its administration.
13 May 2019
India

Asia | India

Alvarez & Marsal to conduct due diligence on Jet Airways for Etihad Following a period of sustained financial trouble, India’s second largest airline Jet Airways may be rescued by Abu Dhabi based Etihad airways, a scenario that is contingent on the results of due dil
29 January 2019
United Arab Emirates

Middle East | United Arab Emirates

Etihad taps Alvarez & Marsal for potential Jet Airways turnaround A team of Alvarez & Marsal turnaround specialists is presently conducting an on-the-ground due diligence examination of Jet Airways according to Reuters, brought in at the behest of Etihad.
29 January 2019
Brazil

Latin America | Brazil

Top consulting firms in Brazil for restructuring and turnaround A new analysis of surveys among clients on track record / engagement satisfaction and management consultants on reputation has identified Brazil’s top consulting firms for restructuring and turnaroun
23 January 2019
India

Asia | India

IL&FS appoints A&M and two financial consultancies to help restructure In light of its massive debt levels amounting to nearly $12.
24 October 2018
United Kingdom

Europe | United Kingdom

A&M snaps up senior restructuring experts from Big Four Alvarez & Marsal has appointed two new senior executives from KPMG and EY to further expand the Restructuring practice the firm established earlier this year.
02 August 2017

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