No-fee ticketer TickPick has announced today that is acquired secondary ticketing marketplace, Razorgator. The deal will see TickPick acquire assets from one of the largest ticketing marketplaces after Razorgator declared it was formerly insolvent in February of this year. Were buying everything related to the retail business, Co-Founder and Co-CEO of TickPick Brett Goldberg told…
House of Fraser is to close stores, potentially putting hundreds of jobs at risk, as part of a formal restructuring deal under which the Chinese owner of Hamleys will take control of the ailing department store chain. C.banner is buying a 51% stake in House of Fraser from its current owner Nanjing Cenbest, which will…
Following the release of the Q1 2018 Insolvency Service insolvency statistics today, Richard Haymes, Head of Financial Difficulties at TDX Group, an Equifax company, calls for stricter rules when promoting insolvency services online: The figures released by the Insolvency Service today, showing an increase in both company and personal insolvencies, support our expectation that the…
The Resolution Professional (RP) of Adhunik Metaliks Ltd has sought exclusion of 20 days from the mandatory 270-day timeframe required to complete an insolvency process. The 270-day deadline granted to the bankrupt company under the corporate insolvency resolution process (CIRP) expired on April 29. While no resolution plan was approved by the Committee of Creditors…
Brett GoldbergTickPick Co-founder and Co-CEO Secondary marketplace TickPick is acquiring the brand and ticket resale platform Razorgator, which had declared financial insolvency in February. TickPick made the announcement today, and cofounder/co-CEO Brett Goldberg spoke with Pollstar about where Razorgator is headed after financial woes led to many customers purchasing tickets not honored at venues. The…
Gambling addiction is a very serious problem that effects hundreds of thousands of people in the UK. In fact, the UK Gambling Commission (UKGC), the nations gambling regulatory body, revealed in a 2017 report that approximately 430,000 adults suffer from a serious gambling problem in the United Kingdom and that almost 2 million UK residence…
May 1 (Reuters) – Gibson Brands Inc: * GIBSON BRANDS REACHES RESTRUCTURING SUPPORT AGREEMENT TO REORGANIZE AROUND CORE BUSINESSES * GIBSON BRANDS INC – TRANSACTIONS TO BE EFFECTUATED THROUGH PRE-NEGOTIATED CHAPTER 11 FILINGS * GIBSON BRANDS INC – SECURED $135 MILLION IN DEBTOR IN POSSESSION FINANCING * GIBSON BRANDS – REACHED RESTRUCTURING SUPPORT AGREEMENT WITH…
The Kolkata bench of National Company Law Tribunal (NCLT) ordered Binani Cement Committee of Creditors (CoC) to consider revised offer submitted by UltraTech. Dalmia Bharat Cement and UltraTech are competing to take over the assets of the company. On April 21, UltraTech Cement, the unsuccessful bidder for Binani Cement, urged NCLT to reject the offer…
May 1 (Reuters) – Gibson Brands Inc: * GIBSON BRANDS REACHES RESTRUCTURING SUPPORT AGREEMENT TO REORGANIZE AROUND CORE BUSINESSES * GIBSON BRANDS INC – TRANSACTIONS TO BE EFFECTUATED THROUGH PRE-NEGOTIATED CHAPTER 11 FILINGS * GIBSON BRANDS INC – SECURED $135 MILLION IN DEBTOR IN POSSESSION FINANCING * GIBSON BRANDS – REACHED RESTRUCTURING SUPPORT AGREEMENT WITH…
To implement the agreement, the Company and its U.S. subsidiaries today filed pre-negotiated reorganization cases under Chapter 11 of the U.S. Bankruptcy Code. The filings will allow the Company’s Musical Instruments and Professional Audio businesses to continue to design, build, sell, and manufacture legendary Gibson and Epiphone guitars, as well as KRK and Cerwin Vega…