(Bloomberg) — 23andMe Holding Co. filed bankruptcy after it was unable to find a buyer to rescue it from insolvency proceedings and the board of directors rejected a buyout offer from co-founder Anne Wojcicki. The Silicon Valley-based firm will continue marketing itself to investors with the goal of getting at least one binding offer by…
The former star of Channel 4’s SAS: Who Dares Wins and his wife Emilie were the directors of Sway and Starting Limited before it went into liquidation at the end of 2022. The Government’s Insolvency Service found that the couple were taking millions of pounds out of the company at the same time that taxes were…
The Chief Judge (CJ) of the Federal High Court (FHC), Justice John Tsoho, has established an Insolvency Unit to ensure efficient service delivery. The Chief Registrar of FHC, Sulaiman Hassan, shared this development in a statement in Abuja, Nigeria’s capital. The unit’s creation follows the provisions of the Companies and Allied Matters Act (CAMA), 2020;…
Two former senior figures at bankrupt Woking council are to be investigated by the UK’s accounting watchdog after it racked up more than £2bn in debt on a failed investment spree. The Surrey council declared itself effectively bankrupt in 2023 after ploughing vast sums of borrowed money into skyscrapers, a luxury hotel and other risky…
Canada’s oldest company will begin liquidating most of its stores this morning. Hudson’s Bay says all but six of its locations will be selling off their inventory. The company is aiming to wrap up the liquidation by June 15. Gift cards will be accepted until April 6, but loyalty points cannot be used. Hudson’s Bay…
Canada’s oldest company has begun selling the inventory at nearly all its stores as it continues to hold out hope for a last-minute option to restructure. The move comes after an Ontario court on Friday gave Hudson’s Bay permission to proceed with a revised liquidation plan, which will temporarily exclude six stores from the initial…
Liquidation sales are kicking off Monday morning at all but six of Hudson’s Bay’s locations as the company continues to search for a way to restructure. The six stores currently omitted from the liquidation include the flagship store on Yonge Street in Toronto, as well as two others in the Greater Toronto Area and three in…
The former star of Channel 4’s SAS: Who Dares Wins and his wife Emilie were the directors of Sway and Starting Limited before it went into liquidation at the end of 2022. The Government’s Insolvency Service found that the couple were taking millions of pounds out of the company at the same time that taxes were…
TV personality and former soldier Ant Middleton has been banned from being a company director after his business failed to pay more than £1 million in tax. The former star of Channel 4’s SAS: Who Dares Wins and his wife Emilie were the directors of Sway and Starting Limited before it went into liquidation at the end of…