To view this video please enable JavaScript, and consider upgrading to a web browser that supports HTML5 video Katie Price splashed the cash as she headed out on a shopping spree alongside daughter Princess Andre. The mother-daughter duo headed into London to hit up the shops despite Katie’s past financial woes, which have included being…
The luxury department store group has come under pressure, not least due to competition from online stores. (archive picture) Keystone The financially troubled luxury department store group Saks Global has filed for bankruptcy protection in the USA. The company filed for restructuring proceedings under Chapter 11 of the US Bankruptcy Code, as it announced. The…
The insolvent chemical plant Venator Germany in Duisburg has a future: The International Chemical Investors Group (ICIG) will take over the site, securing 350 jobs. The takeover is part of a comprehensive restructuring process overseen by the insolvency administration Anchor, bringing an end to months of uncertainty for the employees in Duisburg. ICIG, a globally…
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Beleaguered high-end department store conglomerate Saks Global filed for bankruptcy protection on Tuesday, a month after missing the deadline on a $100m interest payment, in one of the largest retail collapses since the pandemic. Barely a year after a deal brought the chains Saks Fifth Avenue, Bergdorf Goodman and Neiman Marcus together, Saks Global said…
Saks Global, the parent company behind the 159-year-old department store that’s become both a destination and a symbol for luxury fashion, filed for Chapter 11 bankruptcy protection on Wednesday after an unsustainable debt pile crushed its business. The company also announced former Neiman Marcus CEO Geoffroy van Raemdonck will immediately take over as chief executive,…
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Energy and insolvency: When may an insolvent company pay a dividend? Cms.law Read the original article here
Saks Global files for bankruptcy after Neiman Marcus takeover leads to financial collapse Reuters Read the original article here