All the updated news related to restructuring

All the news related to restructuring updated in real time

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City

Revolution Bars plans to close some venues after High Court approves overhaul

The boss of struggling Revolution Bars has said he is “very pleased” to have secured High Court approval for its restructuring plan, which could stave off potential insolvency but result in the closure of around 25 bars. The hospitality business ...

09 Aug 2024 at 08:12

City

Dobbies set to shut 17 garden centres with 465 jobs at risk

Garden centre group Dobbies has revealed plans to shut 17 stores, in a move which will hit 465 jobs. Dobbies Garden Centres said the proposed closures are part of a restructuring plan to help return the business to profit and reduce its rent ...

01 Oct 2024 at 12:30

City

HSBC announces overhaul with bank split into East and West

HSBC has unveiled an overhaul of its global structure as new boss Georges Elhedery seeks to reduce costs and focus on the bank’s strongest divisions. The bank said it is simplifying operations by splitting into four key units, and ...

22 Oct 2024 at 12:21

City

Reckitt sees sales slide after £100m tornado hit to baby formula

Household goods giant Reckitt Benckiser has revealed falling third-quarter revenues after a £100 million hit to Mead Johnson baby formula powder sales following tornado damage to a key warehouse in the US. The Nurofen-to-Dettol ...

23 Oct 2024 at 08:54

City

HSBC to start cutting top banker roles as it reveals jump in profit

HSBC has said it will cut senior banker roles over the coming months in a bid to reduce costs after revealing a nearly 10% jump in profits. Chief executive Georges Elhedery said the banking giant is “moving at pace” with a ...

29 Oct 2024 at 14:05

Poundland: List of stores closing after restructuring approved

Poundland is to push ahead with more store closures after receiving court approval for a major restructuring plan. In June, the discount retail chain said it planned to permanently shut 68 shops after being sold by Pepco ...

26 Aug 2025 at 15:26

City

Kraft Heinz to split in two ‘to unleash power of brands’

Food giant Kraft Heinz is to split in two in a bid to overcome struggles in recent years, a decade after it was formed in a mega-merger. The ketchup and baked beans maker confirmed the break-up on Tuesday after reports ...

02 Sept 2025 at 12:36

City

New Rio Tinto boss restructures mining firm’s operations

The new boss of Rio Tinto has launched a major restructure of the mining firm’s operations and leadership team. The Anglo-Australian company said it will review the future of two of its smaller divisions – borates, ...

27 Aug 2025 at 09:16

City

Boots splits off from Walgreens after private equity takeover

Pharmacy chain Boots has been spun off from US parent Walgreens Boots Alliance after its private equity takeover. On Thursday, US firm Sycamore Partners completed its 10 billion dollar (£7.4 billion) deal to buy ...

28 Aug 2025 at 14:44

City

Sports car maker Lotus plans to cut up to 550 jobs at Norfolk factory

Sports car maker Lotus has announced restructuring plans which could cut up to 550 jobs at its UK factory in Norfolk. The carmaker said the decision comes at a time of uncertainty for the sector amid Donald ...

28 Aug 2025 at 16:26

City

Gillette maker Procter & Gamble to cut 7,000 jobs in two-year overhaul

The company behind Gillette and Pampers has announced plans to cut up to 7,000 jobs over the next two years as part of a restructuring programme. US-based Procter & Gamble (P&G) unveiled the plans during a ...

05 Jun 2025 at 13:58

World

Starbucks lays off 1,100 corporate employees as coffee chain streamlines

Starbucks plans to lay off 1,100 corporate employees globally as new chairman and CEO Brian Niccol streamlines operations. In a letter to employees released on Monday, Mr Niccol said the company will ...

24 Feb 2025 at 13:49

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