Telecom major Bharti Airtel Tuesday announced restructuring of its loss-making African telecom business by grouping operations in 15 countries under eight clusters along with change in management structure. The company has elevated Airtel Africa MD and CEO Christian Defaria to the position of Executive Chairman of Airtel Africa. Also, the operator appointed its director of…
It would be wonderful if there was a quick fix, a simple and cheap method we could buy that would, in a blink of an eye, resolve the problem. Is debt consolidation that solution? Most of us also know that getting into severe debt didnt happen overnight. We got ourselves deeper and deeper into trouble…
Federation won the inaugural James & Wells fashion communication design award in 2011. Prospective buyers are already circling New Zealand streetwear label Federation, which owes more than $1 million to creditors. Liquidators are attempting to sell the 15-year-old company and its related businesses as a going concern. Federation referred requests for comment to Keaton Pronk,…
Getty Images Is Kanye West having money problems? The rapper and husband of Kim Kardashianunleashed his stream of consciousness upon Twitter yet again, late on Saturday, as he celebrated the release of his new album, The Life of Pablo, his first major record in more than two years, which is now on Tidal exclusively. Among his tweets was one rather…
A biodiesel plant listed on the Australian Securities Exchange says the federal government is partly to blame for it collapsing into voluntary administration. Australian Renewable Fuels Limited, based in Barnawartha in north-east Victoria, appointed voluntary administrators on Thursday. Melissa Humann, David McEvoy and Nicholas Martin from PPB advisory are now managing the companys assets. A…
Seven GNC LiveWell stores have closed down less than two months after the Australian operations of the global brand were placed in voluntary administration. GNC LiveWell stores at Melbourne Central, Westfield Geelong, Chadstone Shopping Centre, Knox Shopping Centre and Watergardens Town Centre in Victoria have ceased trading, according to a statement on the vitamin retailers…
Federation Clothing Ltd. has stores across Auckland. Photo / Facebook Federation Clothing and a sister firm with four Auckland stores has gone into liquidation owing creditors more than $1 million. The business, launched about 15 years ago, is still trading and being put up for sale after liquidators were appointed to Federation Clothing and Laundromat…