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RIO DE JANEIRO (CN) — Casas Bahia, a retailer that has symbolized access to consumer goods for working-class Brazilians for more than seven decades, entered August with stores in roughly 1 in 10 Brazilian municipalities. The chain built its business by selling furniture and appliances on installment plans to low-income families, many of whom lacked…
Sonoma Valley’s Gundlach Bundschu, California’s oldest continuously owned family winery, is poised to soon lose that designation under a bankruptcy restructuring that advanced this week. The winery, which began operating in the late 1850s, is the latest among a string of well-known wine producers in Sonoma and Napa counties to hit the brink of insolvency,…
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Companies go under as debts to former staff and franchisees double Stuff Read the original article here
‘It still hurts’: Blockbuster’s former CEO James Keyes tells MT. He explains the “several things” he would do differently to avoid bankruptcy – and what other leaders can learn from his experience. by Kate Magee Sign In Reset Password: Click here Contact Customer Support… Read the original article here
Market snapshot: BGR Energy Systems Limited has approved the re-appointment of Arjun Govind Raghupathy as Managing Director for a five-year term. The re-appointment comes during a critical juncture as the company navigates severe financial distress and a stayed corporate insolvency resolution process. Data Snapshot The board has re-appointed Arjun Govind Raghupathy as Managing Director for…
RP Bulk Haulage Limited posted a notice in the London Gazette, the UK’s official public record, confirming liquidators were called in on September 9. Companies House records show BTG Begbies Traynor has been appointed, although it remains unclear what impact the move will have on staff or whether any jobs will be lost. The business…
Why SBI lost its Rs 1,759-crore insolvency case against Patanjali Foods guarantor despite debt remaining alive Moneycontrol.com Read the original article here
Why SBI lost its Rs 1,759-crore insolvency case against Patanjali Foods guarantor despite debt remaining… Moneycontrol.com Read the original article here