US-origin Fashion brand, Forever 21’s operator F21OpCo filed for Chapter 11 bankruptcy on Sunday. This is the second time in six years the retailer has taken the decision amidst withering sales. As Forever 21 fails to remain profitable, the company said the liquidation sales at their stores will soon follow. In the ever-increasing e-commerce market,…
A popular car parts, camping and DIY supplier has entered voluntary liquidation, as a sale of its remaining stock is set to take place later this month. Autoplus Limited, based in Norton, Stockton, entered voluntary liquidation on March 10, leaving customers and staff devastated by the news. The liquidation resulted in job losses for several employees, while…
Forever 21 files bankruptcy; Begins liquidation sales WFMJ Read the original article here
By Tara Deschamps The Canadian Press Posted March 17, 2025 7:24 am 1 min read Descrease article font size Increase article font size Hudson’s Bay is set to be back in court Monday morning where it will seek approval to begin liquidating its entire business, putting more than 9,000 jobs at risk. The department store…
Ola Electric Mobility Ltd. shares plummeted almost 8 per cent on Monday, touching a new all-time low of Rs 46.51 each. The fall followed after an insolvency petition was filed by Rosmerta Digital Services Pvt. Ltd., an Ola Electric vendor, against the EV maker’s subsidiary for non-payment of dues. The petition, filed before the National…
Canadian department store chain Hudson’s Bay Company has revealed plans to initiate a full liquidation of its business as it failed to obtain the necessary funding to proceed with a restructuring plan. The company, with a workforce of 9,364, has stated in the filings submitted to the Ontario Superior Court of Justice that it has…
Ola Electric Share Prices Hit A 52-Week Low, Falling By 7% As Insolvency Petitions Surface MSN Read the original article here
Banks wrote off bad loans worth Rs 16.35 lakh crore in last 10 years Deccan Herald Read the original article here
The struggling fashion chain has drafted in advisers to oversee a process of liquidation, according to documents seen by The Sun. It is understood the chain will have shut 35 shops by 14 March after trimming down its store estate since the start of the year. The retailer entered into a company voluntary arrangement (CVA)…
EV stock under ₹50 crashes 8% amid insolvency proceedings against its subsidiary Trade Brains Read the original article here