We have been playing with a model on TCG to simulate the split between the two segments and allocate cash injections, write downs, shares and recoveries.
Read MoreWe have word from counsel on two questions:
Q1: What can Sauvegarde do to the convertible option of a bond?
Read MoreThe expected:
TCG have given a statement according to which summer tour bookings are down -9% and airline sales down -3%, despite a price rise of 2%.
Read MoreSome further rumours are surfacing:
Apparently the hectic meetings in Italy this week suggest that the process may be running late. The CDP have
Read MoreClearly a plan of this magnitude and complexity should be brought with execution risk. But we think that its precisely for the magnitude and complexity that the plan has effectively
Read MoreFurther to our work on New Look and Matalan in recent days / weeks, the Retail Gazette writes it was the “worst June on record”, with total sales down 1.3% in June 2019 vs +2.3% comp. Overall LfLs were -1.6% vs
Read MoreFollowing the suspension of and investigations into council member Jack Evans who apparently has more connections to Intralot than is good for him, the District of Colombia has voted
Read MoreHaving spoken to some of you when the news trickled, we have not yet written on SocGen’s win to call on 3.4% of shares in Rallye. Primarily because it has no immediate implications for the bonds.
The decision last week is
Read MoreNow that June is behind us we are having a first look at Takko’s likely Q220 performance.
Takko have been comparing themselves to the category Konsum within the TW-Testclub Monolabel Medium segment.
Read MoreAccording to the Spanish press article below, Hotels in the Baleares are saying that TCG's reverse factoring providers have pulled out.
Read MoreSteinhoff Africa appoints Theodore de Klerk as new CEO. He has been COO before and has been working in various positions within the South African
Read MoreFriday’s storm around Astaldi was over before it had started, but thanks to further press reports on Saturday we know more about it now.
Read MoreMatalan even beat our relatively high expectations this morning. The company clearly prioritised full price sales over volumes, achieving a lower turnover, but at
Read MoreJust a thought this morning on the news that TUI have opened a shop inside Next in Sheffield.
What if Thomas Cook, Pizza Express and New Look moved together?
Read MoreBobby Rajan joined the board as independent non-exec director.
Clearly this is not as strong a signal as a direct operating role, but in terms of assuming director liability, A&M are
Read MorePer today’s update, Steinhoff continue to progress towards the conclusion of the restructuring - or at least its initial phase before the equity claims are determined.
Read MorePlease find attached a first brush at Adient.
It’s a lighter touch approach to give us greater speed in rolling out the next generation of names before going deeper into the most relevant ones.
Read MoreWith its opacity and limited news flow Lowell has become very high Beta.
We continue to believe that the company can turn itself around, but the anticipated revenue
Read MoreThe proposed structure change in Casino’s LATAM holding companies would be net net a positive for Casino.
Effectively, Casino are swapping their 55% stake in Exito for
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