What happens when you pay for something like a couch or a stove, and the business goes under before you get the goods? The recent demise of some big retail chains has raised some questions about consumer rights. Smiths City, the well-known furniture and electronics retailer, went into voluntary administration on Tuesday. When customers made…
Australians who lost more than $1 million on prepaid “dream” holidays have been told not to expect to see their money again. Melbourne-based agency Traveldream — registered as Australian Travel Deals Pty Ltd and known for selling discounted flights, cruises, and international tour packages — collapsed in April and went into voluntary administration. A new…
To use this website, cookies must be enabled in your browser. To enable cookies, follow the instructions for your browser below. Facebook App: Open links in External Browser There is a specific issue with the Facebook in-app browser intermittently making requests to websites without cookies that had previously been set. This appears to be a…
She said it was “unfair” for the business to withhold holiday pay entitlements. “Our employer refuses to pay us what we are owed.” She wanted to highlight the situation to warn others and “hopefully prompt the business owners to do the right thing”. The Bay of Plenty Times agreed not to name the former staff,…
Go To Places, the Local Visitor Economy Partner (LVEP) for Visit Hertfordshire has ended operations, with its board instructing insolvency practitioners at Crowe U.K. LLP to prepare the company for liquidation. In a statement, Go To Places chair Doug Bannister said the decision was a result of a “complex and challenging set of circumstances” that made continuing to…
The women’s ready-to-wear company Naf Naf is looking for buyers for its 144 points of sale in Spain, Italy and Belgium after its takeover last August by the French fashion distribution group Beaumanoir, according to Fashion Network. Naf Naf had been in bankruptcy proceedings since May. Following the group’s acquisition by Beaumanoir, the company’s liquidation…
The company **Centro de Ensayos de Alta Tecnología SA (Ceatsa)**, a partnership formed by **Invap** and **Arsat and responsible for satellite testing in Argentina**, announced its **liquidation phase** and the **cessation of activities**, as reported on its official website. Although no further details were provided, the closure marks a critical point in the national infrastructure…
Elevate Your Investing Strategy: Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence. Benson Hill ( (BHILQ) ) has provided an announcement. On March 20, 2025, Benson Hill, Inc. and its subsidiaries filed for Chapter 11 bankruptcy in the United…
[SINGAPORE] Entertainment company mm2 Asia on Wednesday (Sep 3) said the voluntary liquidation of Cathay Cineplexes is not expected to adversely impact its core businesses or continuing operations. Instead, liquidating the struggling cinema chain may improve the group’s overall cash flow and profitability, given that Cathay has been cash-flow negative and loss-making since the pandemic,…
Elevate Your Investing Strategy: Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence. Housing Development & Infrastructure Ltd. ( (IN:HDIL) ) has provided an announcement. Housing Development and Infrastructure Limited has announced an adjourned meeting of its directors to be…