One course of action often considered is whether a business should be restructured in order to achieve required performance levels. Before pursuing this strategy, a business restructuring plan should be thoroughly evaluated. Important discussion points will normally include why restructuring might be needed, what is required and how to implement the resulting strategies.
Contact Us Southeastern Grocers Successfully Completes Financial Restructuring Southeastern Grocers today announced that it has successfully completed its financial restructuring and has emerged from Chapter 11 in record timing.
With a solid financial foundation, SEG will further advance its business through store remodels and new stores. The Company will also invest in additional customer programs, including the introduction of the new SE Grocers rewards loyalty program beginning in July The success of this emergence is a testament to the hard work of our associates and their commitment to caring passionately, doing the right thing and constantly improving as an organization — all of which is focused upon our purpose of being a great place to work and a great place to shop.
The Company expects to complete its financial restructuring process and emerge from Chapter 11 in the coming weeks. Taking this step was critical to our future and the long-term health of our business. After careful consideration, we have chosen to voluntarily implement a court-supervised, prepackaged restructuring agreement.
We have not taken these steps without careful planning and consideration. As part of this restructuring, we have made the difficult but necessary decision to close 94 underperforming stores.
It is our goal to work through our financial restructuring as quickly and efficiently as possible, and we will emerge from this process likely within the next 90 days. We will continue to thrive with successful stores in operation and will continue to deliver a store experience our associates, customers and communities can count on.
The story for our company and for our iconic, heritage banners is still being written. As part of this transformational process, our three-year plan will create stunning, remodeled stores in a significant portion of our footprint.
This revitalization will also provide our customers with fresh, new concepts and products to cater to the local tastes and needs of the neighborhoods we serve.Reasons for Corporate Restructuring.
One of the most common reasons to restructure a company is the desire to prepare it for a sale, merger or employee buyout. When I started Optimum7 back in October of with my partner Arthur Cooper, we had a business plan based on what we could foresee to be the future of digital marketing.
As previously announced, the Plan will decrease overall debt levels by approximately $ million (including $ million of debt exchanged for equity in the reorganized Company) and strengthen the Company’s balance sheet, allowing SEG to invest in the business to further support its financial health and long-term success.
Watch video · The hedge fund owned by Sears CEO Eddie Lampert has proposed restructuring the department store chain's debt.
The proposal is an attempt to avoid bankruptcy. Restructuring is the corporate management term for the act of reorganizing the legal, ownership, operational, or other structures of a company for the purpose of making it more profitable, or better organized for its present needs.
Other reasons for restructuring include a change of ownership or ownership structure, demerger, or a response to a crisis or major change in the business such as. Restructuring a business means making changes to the organization structure, operations or finances.
The need for restructuring doesn't necessarily mean the company is in financial trouble. A small-business owner may undertake restructuring efforts because she does not believe the company is.