Edward Koemans: “Business model was not future-proof” On 12 March 2025, the Rotterdam District Court declared Davis Europe bankrupt, appointing Mr A.C.L. Beneder as trustee. In a statement, CEO Edward Koemans explained that the company had experienced rapid growth prior to…
The collapse of Hudson’s Bay will hit small-town Canada hard The Logic Read the original article here
Hudson’s Bay Company is nearly a billion dollars in debt, according to court filings that paint a dire portrait of the struggling Canadian department store chain’s finances. The documents were submitted as part of its creditor protection filing last week. The company owes a total of $950 million to nearly 2,000 secured and unsecured creditors,…
Edward Koemans: “Business model was not future-proof” On 12 March 2025, the Rotterdam District Court declared Davis Europe bankrupt, appointing Mr A.C.L. Beneder as trustee. In a statement, CEO Edward Koemans explained that the company had experienced rapid growth prior to…
© Green Hydrogen Systems © Green Hydrogen Systems Danish electrolyser maker Green Hydrogen Systems plans to file for insolvency after failing to secure additional financing. The company revealed on Sunday (March 9) that it would file for in-court restructuring on Monday (March 10) to assess survival options, including asset sales. Green Hydrogen Systems has struggled…
Texas gun company goes bankrupt two years after launch as firearm users bemoan ‘gunfluencers’ MSN Read the original article here
The tribunal considered the reasons made by each party and maintained the Adjudicating Authority’s ruling that the Appellant’s Section 7 petition was malicious and fraudulent. The National Company Law Appellate Tribunal (NCLAT), Principal Bench, New Delhi, upheld the adjudicating authority’s ruling and dismissed a Section 7 petition under the Insolvency Bankruptcy Code (IBC), 2016, finding…
Tesla CEO and DOGE Head, Elon Musk, criticised the current state of US spending, saying that an average citizen in the country “should be mad as hell” over the expenditure of the tax money. In an interview with Fox News telecast on Tuesday (local time), Musk said that US President Donald Trump inherited a USD…
13 Firefighters Declared Bankrupt Taken Disciplinary Action BERNAMA Read the original article here
Edward Koemans: “Business model was not future-proof” On 12 March 2025, the Rotterdam District Court declared Davis Europe bankrupt, appointing Mr A.C.L. Beneder as trustee. In a statement, CEO Edward Koemans explained that the company had experienced rapid growth prior to…