Voluntary administrators have been appointed to Body Shop NZ — with stores remaining open as stock is cleared. The Body Shop NZ has 16 stores across New Zealand with approximately 70 permanent employees and an online business. It sells skincare, make-up haircare and body products. Customers were told of the closure in an email on…
Data breaches and ransomware attacks in the US are increasing companies’ risk of financial losses, in many cases dragging them into bankruptcy or putting them out of business altogether. Data breaches cost companies across the world on average about $4.9 million, and nearly double that amount in the US, according to a 2024 study by…
Company collapses in England and Wales fell last year, according to new official figures, but compulsory liquidations soared to a 10-year high and experts warned of more uncertainty for firms in the coming months. Some 23,872 companies went out of business in 2024, the Insolvency Service said, down 5% on the previous year. Despite the…
(TNND) — More Americans sought help with their mounting debt last year, according to one of the country’s largest nonprofit credit counseling agencies. Money Management International saw a 35% increase in new clients seeking financial counseling, according to just-released 2024 figures. And the growing need for financial counseling was driven by young adults. MMI saw…
Prominent attorney Tom Goldstein, co-founder of the website SCOTUSblog, was indicted Thursday on charges of fraud involving tens of millions of dollars in poker debt and creating phony jobs at his law firm to pay for travel and other expenses for several women. Goldstein, as the sole owner of the firm Goldstein & Russell PC,…
Evanston stands near the top of a list of peer communities in the amount of outstanding debt the city is carrying. Nonetheless, even with the city increasing its debt payments between 2013 and 2023, the city isn’t keeping pace with an inflation index — nor with its growing capital needs, staff told a city committee…
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The Body Shop NZ placed into voluntary administration …
Beauty brand The Body Shop’s New Zealand business has appointed voluntary administrators. It comes after its UK parent company was placed into administration in February last year, with its international assets largely sold – but the sale excluded the New Zealand business. Administrators Daniel Stoneman and Neale Jackson of Calibre Partners said a buyer had not been…
The Federal Trade Commission (FTC) has begun sending more than $5 million in refunds to consumers who were harmed by a deceptive credit card debt relief scheme. The funds in this distribution came from ACRO Services, which operated under multiple names and ran the scheme, and BlueSnap, which provided payment processing services and profited from…