As Hudson’s Bay continues to work through liquidation and restructuring plans in an Ontario court, documents have revealed that the department store plans to pay up to $3 million in retention bonuses to some managers and executives. In court documents filed earlier this month, the retailer asked that nearly $3 million be set aside for…
Star Entertainment extends refinancing talks with Salter Brothers Gambling Insider Read the original article here
An estate agent faked a wedding abroad to con family and friends out of thousands of pounds so she could pay off online bingo debts. Charlotte Blackwell, 31, dreamt up the scam after getting engaged to boyfriend Daniel Thomas following a five-year fling. Cardiff Crown Court heard that she forged flight and hotel bookings to…
Open this photo in gallery: A sign outside the downtown Hudson’s Bay store in Vancouver on March 24. The retailer was back in Toronto court on Wednesday for the latest on its liquidation processDARRYL DYCK/The Canadian Press Hudson’s Bay Co. was in court again on Wednesday, seeking approval for an agreement with its senior lenders…
Breadcrumb Trail Links News Retail & Marketing Work The Bay owes more than $950 million to its creditors, which includes banks, big clothing brands and other businesses Get the latest from Naimul Karim straight to your inbox Sign Up Published Mar 25, 2025 • Last updated 23 hours ago • 4 minute read You can save…
Hudson’s Bay asked an Ontario court Wednesday to approve a restructuring agreement that will give it a few extra days timeline to save the six stores it has so far spared from liquidation. A new version of the agreement will force the retailer to start liquidating those stores on April 8 — if it hasn’t found a…
The UK Supreme Court’s recent decision in El-Husseini and another v Invest Bank PSC [2025] UKSC 4 has clarified the circumstances in which section 423 of the Insolvency Act 1986 (the Act) provides protection against attempts by debtors to “defeat their creditors and make themselves judgment-proof”. This is a critical decision for insolvency practitioners, any corporate or…
PHOENIX – February 19, 2025 – Nikola Corporation (Nasdaq: NKLA), a global leader in zero-emissions transportation and energy supply and infrastructure solutions, via the HYLA brand, today announced that the Company and certain of its subsidiaries have filed voluntary petitions under Chapter 11 of the Bankruptcy Code in the United States Bankruptcy Court for the District of Delaware. Nikola…
TEMPO.CO, Solo – A total of 10,665 workers of the textile giant Sritex have been terminated, per January to February 26, 2025, as court declared the company bankrupt. The workers came from four companies under the Sritex Group: PT Sritex Sukoharjo, PT Bitratex Semarang, PT Sinar Panja Jaya Semarang, and PT Primayuda Boyolali. Slamet Kaswanto, the…
Payments infrastructure start-up Kevin reportedly declared insolvent by court in Lithuania FinTech Futures Read the original article here