Daria Sakic reveals life during voluntary administration: “lots of sleepless nights” – Ragtrader

Tuchuzy founder Daria Sakic has regained control over the business. Sakic placed the designer retailer into voluntary administration last month, citing tough trading conditions. Theres been lots of sleepless nights,” she said of the voluntary administration period. “I feel responsible for the livelihood of my team but also wanting to be able to provide the…

DAVIDsTEA to Implement Restructuring Plan Under Companies’ Creditors Arrangement Act – GlobeNewswire

July 08, 2020 08:30 ET | Source: DAVIDsTEA multilang-release Company to accelerate transition to online retailing and wholesale distribution in North America Intends to significantly reduce brick & mortar footprint DAVIDsTEAs online business at www.davidstea.com and sales in grocery stores and pharmacies across Canada will continue during the restructuring process MONTREAL, July 08, 2020 (GLOBE…

Creditor countries urged to think about post-2020 debt relief – Reuters

PARIS/WASHINGTON (Reuters) – G20 countries and Paris Club creditor nations must start thinking about debt relief for the poorest countries beyond a debt payment freeze this year and outright restructurings may be unavoidable, top global finance chiefs said on Wednesday. Speaking to an online G20 debt conference, International Monetary Fund Managing Director Kristalina Georgieva said…