Reorganisation & Restructuring – Page 8

MediaMarkt and Saturn Now Part of Ceconomy AG

by Yvette Raikes

The Metro Group has divided, splitting consumer electronics from the food and wholesale business. While the food and wholesale side will continue to be called Metro, the consumer electronics holding division has renamed itself …

Tags:Large Display Monitor| MediaMarkt (Saturn)| Mobile Display Monitor| Reorganisation & Restructuring| Vol 24 - Issue 30

Panono is Sold

by Bob Raikes

We reported recently that 360 camera maker, Panano, had filed for bankruptcy, but the assets of the business are now being sold. However, Indiegogo backers that had not yet got cameras will not be …

Tags:360 Degree Cameras| AR/VR| Mobile Display Monitor| Reorganisation & Restructuring| Vol 24 - Issue 27

High-End Phone Maker Vertu Goes Into Liquidation

by Andrew Fenn

The BBC has reported that Vertu, a manufacturer of extraordinarily luxurious mobile phone handsets, has gone into liquidation following a period of financial difficulty. Vertu handsets were typically crafted from precious materials, encrusted with …

Tags:Mobile Display Monitor| Reorganisation & Restructuring| Smartphones| Vol 24 - Issue 26

Entatech Creditors to Get Back Two Thirds

by Bob Raikes

We recently reported that UK distributor, Entatech, run by display industry veteran, Dave Stevinson, had gone into liquidation. It now seems that the unsecured creditors may get back as much as two thirds of …

Mood Media Files for Bankruptcy

by Bob Raikes

We missed it a few weeks ago, but we heard that Mood Media (otherwise known as Muzak) filed for bankruptcy in New York on May 18th 2017. Since then, Mood Media has sold its …

Tags:Large Display Monitor| Reorganisation & Restructuring| Vol 24 - Issue 24

Preferred Bidder Chosen for Toshiba Memory

by Alan Spencer

Toshiba has announced that its board of directors has agreed to select the consortium of Innovation Network Corporation of Japan, Bain Capital Private Equity and the Development Bank of Japan as the preferred bidder …

LeEco Closing in US and India

by Bob Raikes

Chinese TV company, LeEco, which has hit financial trouble, has cancelled a plan to raise money via some bonds and has closed its operations in the US and India, laying off staff. In April, …

Tags:Large Display Monitor| LeEco (formerly LeTV)| Mobile Display Monitor| Reorganisation & Restructuring| Vol 24 - Issue 23

Panono 360 Camera Maker Fails

by Bob Raikes

A Germany-based Indiegogo project being developing a 360º camera, that created 108MP images, has filed for liquidation, although the group raised $1.25 million back in 2013. The planned shipment date was in 2014, but …

Tags:360 Degree Cameras| AR/VR| Mobile Display Monitor| Reorganisation & Restructuring| Vol 24 - Issue 20

Toshiba Position Goes From Bad to Worse

by Bob Raikes

Toshiba has released accounts that were not signed off by its auditors, an unprecedented move for a major Japanese company, because the auditor was concerned about the potential liabilities in the US Westinghouse nuclear …

SES to Split into Two Business Units

by Alan Spencer

SES is planning a restructure of the company, with the formation of two separate business units, SES Video and SES Networks which will focus on the video and data segments, respectively. Ferdinand Kayser, currently …

Tags:Large Display Monitor| Reorganisation & Restructuring| SES| Vol 24 - Issue 14

Ericsson out of media?

by Bob Raikes

Ericsson is restructuring its business and may book charges of up to $1.7 billion in Q1 and the new CEO, Börje Ekholm, appointed in January, has said that it has been ‘spreading itself too …

Tags:Ericsson| Large Display Monitor| Mobile Display Monitor| Reorganisation & Restructuring| Vol 24 - Issue 12

Panasonic To Sell LCD Line, Restructure Digital Cameras

by Bob Raikes

The Nikkei reports that Panasonic will sell off one production line from its LCD panel business at its Himeji plant. It is also looking to restructure five other businesses. It will exit the domestic …

Tags:Large Display Monitor| Mobile Display Monitor| Panasonic| Reorganisation & Restructuring| Vol 24 - Issue 12