Real Chemistry

Restructuring · Americas

Manchester United facing significant governance and board independence criticisms from proxy advisors ISS and Glass Lewis, recommending shareholders vote against 10 of 12 directors ahead of AGM. Identified among lowest-ranked NYSE-listed firms for board independence.

Restructuring · Americas

Saks Global received court approval for post-bankruptcy restructuring in June 2026, reducing debt and significantly downsizing operations to under 50 stores (mostly Neiman Marcus locations) while fully exiting the off-price retail segment.

Restructuring · Americas

Evonik announced an extended restructuring programme that will eliminate 3,200 jobs by 2029 as part of a broader cost optimisation and operational efficiency initiative.

Restructuring · Americas

Kraft Heinz is reorganizing into three operating units and cutting senior leadership positions as part of a turnaround strategy to address declining sales.

Restructuring · Americas

KeyBank is modernizing and repositioning its role in the financial ecosystem through structural changes, moving away from uniform banking models toward specialized roles within the financial stack.

Restructuring · Americas

Matter Labs announced layoffs of senior engineers, designers, and operators as part of a strategic pivot toward Prividium, a permissioned privacy chain for regulated financial institutions. CEO Alex Gluchowski confirmed the decision was tied to the company's 2024 shift toward building products for regulated financial customers and the resulting change in talent requirements. This is the second major restructuring in 2 years.