Fashion and accessories retailer Claire’s is on the brink of administration, putting dozens of jobs in Ireland at risk. Claire’s is owned by Modella Capital, a private equity firm, which recently bought the high street arm of WH Smith – renamed TG Jones. A majority of Claire’s Irish and UK business assets were bought by…
Bankruptcies in Luxembourg stabilise, but construction sector still suffering Luxembourg Times Read the original article here
Since Covid, many big businesses across the UK have been affected financially with some closing down. But before any closures, businesses enter administration, followed by restructuring the business, selling off assets, or even liquidating. Here’s all you need to know about administration and how businesses end up falling into it. What does going into administration…
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Colliers Canada image marketing the Golden Drive property for sale A B.C. Supreme Court judge has dismissed the RBC’s attempt to push two Smith family holding companies into bankruptcy, but granted an application to bankrupt a third company holding a 6.6 acre property in Mayfair Industrial Park. In a ruling issued on Dec. 23, 2025,…
Cultivated meat startup Believer Meats has filed an application with the Lod District Court in Israel to open insolvency proceedings and appoint a trustee to represent the interests of its creditors. In its Dec 31 filing, three weeks after it announced it had ceased operations, Future Meat Technologies Ltd (doing business as Believer Meats) applied…
Martin was in charge of the Shrimpers from 1998 until the summer of 2024 when a consortium headed up by Justin Rees completed a takeover which saved the National League club. Under Martin’s stewardship, Blues fell to the brink of extinction during the lowest period of the club’s history. However, Martin’s financial problems have continued…
In the opulent world of luxury retail, where designer labels and exclusive experiences define success, Saks Global finds itself teetering on the brink of financial ruin. Formed just over a year ago through the ambitious merger of Saks Fifth Avenue, Neiman Marcus, and Bergdorf Goodman, the company now grapples with a staggering debt load that…
Conn. regulators prep PHL Variable for liquidation after selloff fails InsuranceNewsNet Read the original article here
Huge restaurant industry brand files Chapter 11 as lawsuits mount thestreet.com Read the original article here