Hudson’s Bay on brink of liquidation as additional financing not secured

Canadian department store retailer Hudson’s Bay Company said on Friday it has failed to secure sufficient financing to go ahead with a restructuring transaction under the Companies’ Creditors Arrangement Act.  Hudson’s Bay ​The Toronto-based company said it has only secured limited debtor-in-possession financing that will require the full liquidation of the entire business, added that a store-by-store liquidation process will…

It’s time to start panicking about the national debt

I know you all have a lot of things to worry about with regards to the Trump administration. Trump’s tariffs are tanking the stock market and sending consumer confidence crashing. Trump is abandoning America’s European allies in order to court Vladimir Putin. Elon Musk’s DOGE is haphazardly smashing U.S. government institutions in an attempt to…

Sharvain Facades goes into voluntary administration

By MAX ALDRED FOR DAILY MAIL AUSTRALIA Published: 08:42 AEDT, 17 March 2025 | Updated: 09:06 AEDT, 17 March 2025 A firm behind several major construction projects has gone into voluntary administration just weeks after completing a key project on the Sydney Fish Markets.  Sharvain Facades engineered the attention-grabbing facade on the University of Technology…