Hundreds sacked in $42m company collapse

National trucking company XL Express has gone into liquidation, owing more than $40m in estimated debts. Picture: Supplied National transport and logistics company XL Express has gone into liquidation after 35 years in business. It has collapsed owing almost $42m in estimated debts, with about 200 employees to be left without jobs. The Brisbane-based trucking…

Claire’s to seek creditor protection in Canada

Claire’s CEO says the company is making the move because of increased competition, consumer spending trends and the shift away from brick and mortar retail. Claire’s Stores Canada Corp. is considering liquidating its shops as it begins seeking reprieve from creditors, including landlords who have locked out the business. In an application filed with the…

Claire’s to seek creditor protection in Canada, contemplating liquidation: court docs

Claire’s Stores Canada Corp. is considering liquidating its shops as it begins seeking reprieve from creditors, including landlords who have locked out the business. Claire’s Stores Canada Corp. is considering liquidating its shops as it begins seeking reprieve from creditors, including landlords who have locked out the business. In an application filed with the Ontario…