Swiss company bankruptcies rise to record high in 2024
Number of company bankruptcies rises to record high in 2024 Keystone-SDA Listen to the article Listening the article Toggle language selector … Read the original article here
Real Estate Insolvency 2.0: A Game-Changer or More Red Tape
Introduction: A new dawn for corporate insolvency? The Insolvency and Bankruptcy Board of India (IBBI), through its Notification No. IBBI/2024-25/GN/REG1221 dated 3-2-2025, has unveiled a suite of amendments to the Insolvency and Bankruptcy Board of India (Insolvency Resolution Process for Corporate Persons) Regulations, 20162. Effective from 3-2-2025, these reforms aim to inject transparency, efficiency, and…
Sharvain Facades goes into voluntary administration – MSN
Sharvain Facades goes into voluntary administration MSN Read the original article here
Hudson’s Bay announces 200 layoffs
Hudson’s Bay says it has notified about 200 of its staff working in corporate roles that their employment will be terminated next week. Company spokesperson Tiffany Bourré said Friday that the move is a result of the restructuring process underway at the department store chain after it filed for creditor protection earlier in the month.…
Genetic Technologies Executes Deed of Company Arrangement Amid Voluntary Administration – MSN
Genetic Technologies Executes Deed of Company Arrangement Amid Voluntary Administration MSN Read the original article here
Hudson’s Bay liquidation sales don’t apply to all products. Which ones? – National
Hudson’s Bay has begun liquidating all but six of its stores after the company filed for creditor protection earlier this month. Here’s how the process is unfolding so far: Which stores are part of the liquidation? Hudson’s Bay is liquidating all but six of its stores. It has 80 stores under the Hudson’s Bay banner,…
Hudson’s Bay cuts 200 corporate jobs effective April 4 – CTV News
Hudson’s Bay cuts 200 corporate jobs effective April 4 CTV News Read the original article here
Liquidation Sale Now Underway at Majority of Hudson’s Bay Company Stores Across Canada
TORONTO, March 28, 2025 /CNW/ — Store Closing Sales have begun at most Hudson’s Bay Company (“HBC”) locations while it seeks to restructure its business. Participating in this sale are 73 Hudson’s Bay stores across the country, in addition to 2 Saks Fifth Avenue and 13 Saks OFF 5TH stores in Canada. This announcement follows…
Seritage CEO Steps Down Amid Final Liquidation Push
Seritage Growth Properties, the REIT that was formed to sell off shuttered Sears department stores, will have new leadership for the process’s final stages. Bisnow/Cameron Sperance Andrea Olshan in 2017 during her tenure as CEO of Olshan Properties. Seritage CEO and President Andrea Olshan is leaving the company next month, the… Read the original article here
Hudson’s Bay cuts 200 corporate roles as painful liquidation process begins
“This is a difficult reality of the restructuring process, and we are committed to treating associates impacted by these changes with respect and support,” Tiffany Bourré, spokesperson for HBC, told the Globe. Earlier this month, Hudson’s Bay secured protection under the Companies’ Creditors Arrangement Act. More recently, a court authorized the retailer to begin liquidation…