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Pandora to Slash 180 Jobs in Restructuring
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Pandora is embarking on a major streamlining process aimed at speeding up its ability to act on customer feedback, the jeweler said Wednesday.The Danish company will close its three regional offices — management centers that oversee stores in specific...
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Retail
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Mar 05, 2020
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Rapaport News
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Lenders to Acquire Stornoway
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Stornoway Diamond Corporation’s major lenders have agreed to take over the company amid mounting debts that prompted the miner to file for protection from creditors.The owner of the Renard mine in Quebec is seeking torestructure...
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Mining
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Sep 10, 2019
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Rapaport News
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Canadian Jewelry Chain Ben Moss to Close
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Canada’s Ben Moss Jewellers will shut all 54 of its stores acrossthe country after a weaker local currency and a softer economy in WesternCanada forced the company out of business."After considering all of our restructuring options,including selling...
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Retail
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Aug 02, 2016
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Rapaport News
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Rockwell Bounces Back as 1Q Sales Spike
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Rockwell Diamonds reported rough sales surged 40 percent inthe first fiscal quarter following a restructuring to reverse a slump in theminer’s performance.Revenue jumped to $9.3 million in the three months thatended May 31, while sales by volume jumped...
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Mining
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Jun 16, 2016
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Rapaport News
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Rockwell Nearly Doubles Loss in Fiscal 2016
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Rockwell Diamonds’ sales slumped and its loss almost doubledin the past fiscal year which also saw the miner announce a restructuring aimedat reviving the company’s fortunes. Revenue slumped 30 percent to $36.1 million...
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Mining
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Jun 02, 2016
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Rapaport News
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Retail
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Jan 17, 2016
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Rapaport News
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Financial-Legal
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Jan 09, 2014
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Jeff Miller
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Sotheby's Reviews Capital Allocation, Financial Policies
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Sotheby’s informed shareholders today that it would review its capital allocation and financial policies with the intent of releasing its findings in early 2014. Sotheby’s has undertaken restructuring projects in the past couple of years...
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Financial-Legal
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Sep 11, 2013
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Jeff Miller
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Retail
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Jul 10, 2012
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Jeff Miller
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JCPenney's FY Sales -3%, Records $152M Loss
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JCPenney reported fourth-quarter sales declined 4.9 percent year on year to $5.4 billion for the period that included Christmas season and ended on January 28, 2012. Comparable-store sales for the fourth quarter declined...
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Financial-Legal
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Feb 24, 2012
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Jeff Miller
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