James Boag's

Restructuring · Oceania

Private equity owner of David Jones is considering taking back the failed retailer and has told suppliers it could propose a restructured store footprint ('David Jones 2.0').

Restructuring · Oceania

Brisbane-founded fashion brand Black Milk has entered voluntary administration, with Apex Advisory appointed as administrators and the company exploring a potential sale. Trading continues and staff remain in place for now.

Restructuring · Oceania

Australian clothing label BlackMilk Clothing has entered voluntary administration after 17 years in business, while continuing to trade.

Restructuring · Oceania

Ausbil has shut its $27 million long-short focus fund and has lost several investment staff, including its head of research and deputy head of equities, while its CIO's personal pre-IPO stake in Firmus is under internal scrutiny and valuation review.

Restructuring · Oceania

Elders (ASX:ELD) will exit the northern wool market when its wool auctions relocate to Goulburn next year, consolidating its wool selling footprint.

Restructuring · Oceania

Alstom cut its full-year guidance, now expecting an adjusted Ebit margin of about 1% versus 6.5% previously, and is planning an overhaul after a second profit warning.