Red Lobster didn’t go bankrupt because of $20 Endless Shrimp alone — 2 factors that helped sink the seafood chain Red Lobster, the popular seafood restaurant chain that has been around since 1968, has recently filed for bankruptcy. The company plans to sell its business to an entity formed and controlled by its existing term…
Look, if you’ve been plotting an investment strategy using tips from Instagram influencers, you’re probably beyond our help. But we have to try – it’s our job – and the latest instalment in the sorry tale of Tyson Scholz, the online stock trading “educator” with a taste for Ferrari, Bugatti and Rolls-Royce cars, high-end champagne,…
As May’s meme stock trade loses steam, could GameStop (GME) follow a similar fate to meme kinsman Bed Bath & Beyond? After being acquired by Overstock.com in 2023, the company was rebranded as Beyond (BYON). Wedbush Equity Research Managing Director Michael Pachter comments on what sets the video game store chain apart from a traditional…
Brynne Edelsten, the glamorous ex-wife of Australian businessman Geoffrey, has been declared bankrupt. RELATED: Photos of Brynne and Warnie’s ‘nightcap’ released RELATED: Brynne Edelsten denies leaking Shane Warne’s texts The 33-year-old reportedly owes up to $70,000 in unpaid legal bills to the same lawyers who represented her during her divorce to Geoffrey, 73. Brynne Edelsten…
Sichuan Trust, previously controlled by businessman Liu Canglong, is one of the most notorious of China’s problematic trust companies Sichuan Trust Co. Ltd., which defaulted on billions of dollars in trust products nearly four years ago, has received approval from the top financial regulator to wind down, becoming China’s second trust firm to go bust.…
Exclusive | The CEO Who Made a Fortune While His Hospital Chain Collapsed The Wall Street Journal Read the original article here
The latest insolvency data published by the corporate regulator reveals that the number of companies failing is increasing, and it looks like it won’t stop any time soon. Last week, the Australian Securities and Investments Commission (ASIC) released its latest insolvency data, covering the period from 1 July 2023 to 31 March 2024. The data…
Lusix, the synthetic diamond company founded by Benny Landa, is on the brink of filing for insolvency. The company has informed its creditors of its intention to do so, though the timing remains uncertain. Sources have told Calcalist that Lusix informed its shareholders last week that it urgently needs to raise $15 million to continue…
The Australian Digital 12 Month Plan costs $416 (min. cost) for the first 12 months, charged as $32 every 4 weeks. This automatically renews after the first 12 months to be charged as $32 (min. cost) every 4 weeks. Renewals occur unless cancelled as per full Terms and Conditions. No cancellations during the first 12…
The Government has announced a two-phase process seeking to reform corporate governance laws. In the first phase the Government is looking to update corporate legislation to reflect modern business practices, make compliance simpler and deter and detect poor business practices. In other words, this phase seeks to resolve uncontroversial problems to improve the performance of…