Deloitte | Global news | Restructuring

An overview of Deloitte global news:

United Arab Emirates

Middle East | United Arab Emirates

KBBO Group restructuring receives creditor and court approval A plan to restructure Abu Dhabi-based investment firm KBBO Group and its hospital unit has received court approval following months of negotiations.
18 September 2023
Saudi Arabia

Middle East | Saudi Arabia

Deloitte helps Saudi construction group Al Harbi with restructuring One of Saudi Arabia’s largest construction engineering groups, Al Harbi Trading and Contracting Company, has taken a next step in its multi-year financial restructuring process.
01 August 2022
Saudi Arabia

Middle East | Saudi Arabia

Advisors celebrate approval of Azmeel’s financial restructuring plan Saudi Arabia's Azmeel Contracting & Construction Corporation has received court approval for its proposed 7.73 billion riyal ($2.
25 February 2022
Australia

Oceania | Australia

Deloitte wins prestigious international award for Virgin turnaroaund The global Turnaround Management Association has lauded Deloitte for its work in saving Virgin Australia, the first time an Australian organisation has received the top honour.
22 September 2021
United Kingdom

Europe | United Kingdom

Teneo 'in advanced talks' for Deloitte's UK restructuring arm The continued saga regarding Deloitte’s UK restructuring business took another turn at the mid-point of February, months after Deloitte’s global leadership supposedly ruled out such a move.
16 February 2021
United Kingdom

Europe | United Kingdom

Deloitte to oversee BiFab administration Administrators from Deloitte have been formally appointed to take control of the insolvent renewables manufacturer.
17 December 2020
United Kingdom

Europe | United Kingdom

Deloitte named administrator as Arcadia collapses Arcadia, the scandal-stricken parent firm of Topshop, Miss Selfridge and Burton among others, has appointed administrators from Deloitte.
03 December 2020
United Kingdom

Europe | United Kingdom

Go Outdoors sold out of administration by Deloitte Go Outdoors’ 2,400 staff have been handed a temporary reprieve, after the collapsed company was sold out of administration by professional services firm Deloitte.
26 June 2020
United Kingdom

Europe | United Kingdom

Deloitte appointed for Victoria's Secret administration Lingerie behemoth Victoria’s Secret has appointed administrators for its UK wing, falling a rapid fall from grace for the brand’s global entity.
12 June 2020
United Kingdom

Europe | United Kingdom

Adelie Foods installs Deloitte as administrator Deloitte has been appointed to administrate UK food and drink firm Adelie Foods, which has collapsed after its finances were destabilised by a series of private equity sales.
02 June 2020
Australia

Oceania | Australia

Consultants to restructure News Corp's Australian newspapers News Corp Australia, the parent of major newspapers and Fox Sports Australia, has hired consultants from Deloitte Consulting to help the company restructure its newspaper division.
06 May 2020
Australia

Oceania | Australia

Virgin Australia hires Deloitte for voluntary administration Australia’s second largest airline, has appointed Deloitte for a voluntary administration, having been effectively grounded by the coronavirus.
20 April 2020
United Kingdom

Europe | United Kingdom

Fall in CVAs could lead to spike in retail administrations 2019 was undoubtedly a tough year for the retail sector – however Britain’s high street crisis could be on the verge of deepening this year, according to the latest research.
24 January 2020
United Kingdom

Europe | United Kingdom

Deloitte to oversee Supercuts owner administration Salon chain owner Regis UK has appointed administrators from Deloitte, becoming the latest victim of the UK’s ailing high street as a result.
04 November 2019
United Kingdom

Europe | United Kingdom

Deloitte appointed as Links of London administrator High street jewellery brand Links of London has been placed into administration, putting around 350 jobs at risk if a buyer cannot be found.
22 October 2019
Australia

Oceania | Australia

Deloitte and Moelis complete sale of collapsed Axsesstoday SME lender Axsesstoday has been sold out of danger, following a voluntary administration process overseen by Deloitte and advisors from Moelis & Company.
25 September 2019
Australia

Oceania | Australia

Deloitte managing wind-down of Karen Millen in Australia The Australian wing of UK fashion outlet Karen Millen has appointed administrators from Deloitte to oversee its winding down.
16 September 2019
United Arab Emirates

Middle East | United Arab Emirates

Expert consultants to speak at corporate restructuring event in Dubai The Corporate Restructuring Summit is set to return to Dubai next month, with consultancies Roland Berger, Deloitte and Kroll among the event partners.
14 August 2019
India

Asia | India

Deloitte reveals trouble in the finances of tea producer McLeod Russel Global professional services firm Deloitte has indicated that its client McLeod Russel is unlikely to remain operational if its efforts for loan restructuring do not come to fruition.
03 July 2019
United Kingdom

Europe | United Kingdom

Deloitte to oversee Office Outlet administration Over 1,000 jobs have been jeopardised by the news that UK stationary store Office Outlet has been placed in administration.
25 March 2019
Asia

Asia | Regional

Deloitte and KPMG make risk and insolvency acquisitions in Australia Two of the Big Four have made purchases in Australia, with Deloitte acquiring Sydney-based risk consultants Converging Data Australia, and KPMG picking up insolvency outfit Ferrier Hodgson.
15 March 2019
United Kingdom

Europe | United Kingdom

Deloitte wins CRH role from Big Four rival Big Four professional services firm Deloitte has secured a new contract as the external auditor of constructions industry manufacturer CRH. The firm will replace rival EY in the role as of 2020.
14 March 2019
United Kingdom

Europe | United Kingdom

Deloitte oversees Beta Distribution administration after 60 jobs lost Big Four firm Deloitte has been enlisted to oversee the administration of Beta Distribution, after the British company collapsed earlier in October.
18 October 2018
United Kingdom

Europe | United Kingdom

Deloitte to oversee Gaucho administration with 1,300 jobs at stake The latest victim of the continued consumer crunch in the UK looks set to be Argentine-themed restaurant group Gaucho.
23 July 2018
United Kingdom

Europe | United Kingdom

Confidence of executives in crisis management vastly exceeds actual readiness Few executives are following the advice that crisis management shouldn’t start with a crisis, a new survey from Deloitte reveals.
05 July 2018
United Kingdom

Europe | United Kingdom

Deloitte poised to administrate ailing Poundworld Big Four professional services firm Deloitte is understood to be on the verge of an appointment as Poundworld administrator.
08 June 2018
Algeria

Africa | Algeria

BCG and Big Four compete for large consultancy contract at Sonatrach Public oil company Sonatrach has launched a competitive tender process for consultancy services in the area of financial management and restructuring.
13 December 2017
India

Asia | India

Creditors in India hire consultants for bankruptcy proceedings Creditors in India, including the country’s biggest lender State Bank of India (SBI) have hired top consultancy firms such as PwC, KPMG, EY, Deloitte and others at highly generous terms to assist wit
13 July 2017
United Kingdom

Europe | United Kingdom

Deloitte CF appointed administrator of PaperlinX UK A number of PaperlinX UK businesses have gone into receivership, with 693 of its 1,200 UK staff made redundant as well as the prospective closure of the company’s sites.
03 April 2015
United Kingdom

Europe | United Kingdom

Deloitte appointed administrator to Rileys Sports Bar Deloitte has been appointed as administrator to Rileys Sports Bars, a chain of sports venues that has gone into administration just months after its initial rescuer Greybull Capital put it up for sale. Deloitte will explore future options for the c
23 September 2014
United Kingdom

Europe | United Kingdom

Deloitte helps Mamas & Papas with restructuring plan Mamas & Papas, on the top nursery brands in the UK, has hired consulting firm Deloitte to oversee the Company Voluntary Arrangement (CVA) in which it asks landlords of 60 of its 63 UK stores to cut rental costs. The CVA is
28 August 2014
United Kingdom

Europe | United Kingdom

Deloitte buys restructuring specialist CRG Partners Deloitte has bought CRG Partners, a leading turnaround and restructuring firm based in the US. Approximately 60 consultants will be integrated into the Financial Advisory Services (FAS) unit of the Big 4 firm. The deal is expected to close in a month a
10 May 2012

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