Retail chain Jeanswest’s collapse to cost 600 jobs – The Australian
Retail chain Jeanswest’s collapse to cost 600 jobs The Australian Read the original article here
BREAKING: MEA to cease operations, enters voluntary administration
Meetings and Events Australia (MEA) has announced it is entering voluntary administration and will close operations in 2025. The events industry body is celebrating its 50th anniversary in 2025 but has appointed an administrator ahead of ceasing operations. The annual MEA National Conference was to be held in June 2025 in Sydney – with Spice…
Cosmetic and skincare business liquidated
The liquidation of Kester Black Ltd — the New Zealand business of the cosmetic and skincare brand started by Wānaka woman Anna Ross — has been completed. In July last year, the Australian-registered arm of the business, Kester Black Pty, entered voluntary administration, while the New Zealand business was put into liquidation the following month, with…
Hudson’s Bay Tries to Avoid Liquidation
Hudson’s Bay Co. fought to avoid a full shutdown in a Toronto courtroom on Monday, asking for permission to begin liquidating most of its stores this week. A lawyer for Canada’s oldest company, Ashley Taylor, said HBC’s efforts to solve its cash flow crisis have “failed.” Taylor also told a standing-room-only crowd at the Ontario…
Hudson’s Bay wants to give almost $3 million in bonuses to executives and managers
As Hudson’s Bay continues to work through liquidation and restructuring plans in an Ontario court, documents have revealed that the department store plans to pay up to $3 million in retention bonuses to some managers and executives. In court documents filed earlier this month, the retailer asked that nearly $3 million be set aside for…
Hudson’s Bay seeks court approval for deal that would see six stores begin liquidation on April 7
Open this photo in gallery: A sign outside the downtown Hudson’s Bay store in Vancouver on March 24. The retailer was back in Toronto court on Wednesday for the latest on its liquidation processDARRYL DYCK/The Canadian Press Hudson’s Bay Co. was in court again on Wednesday, seeking approval for an agreement with its senior lenders…
Reality setting in as Hudson’s Bay begins liquidation
Breadcrumb Trail Links News Retail & Marketing Work The Bay owes more than $950 million to its creditors, which includes banks, big clothing brands and other businesses Get the latest from Naimul Karim straight to your inbox Sign Up Published Mar 25, 2025 • Last updated 23 hours ago • 4 minute read You can save…
Hudson’s Bay wants court to OK agreement that offers it a few extra days to save 6 stores
Hudson’s Bay asked an Ontario court Wednesday to approve a restructuring agreement that will give it a few extra days timeline to save the six stores it has so far spared from liquidation. A new version of the agreement will force the retailer to start liquidating those stores on April 8 — if it hasn’t found a…
UK Supreme Court Expands Scope of Insolvency Act’s Creditor Prote
The UK Supreme Court’s recent decision in El-Husseini and another v Invest Bank PSC [2025] UKSC 4 has clarified the circumstances in which section 423 of the Insolvency Act 1986 (the Act) provides protection against attempts by debtors to “defeat their creditors and make themselves judgment-proof”. This is a critical decision for insolvency practitioners, any corporate or…
Fresh Period Of Limitation U/S 18 Of Limitation Act Begins From Date When Balance Sheet Is Signed By Corporate Debtor: NCLAT
The National Company Law Appellate Tribunal (NCLAT) New Delhi bench of Justice Ashok Bhushan (Judicial Member) and Mr. Barun Mitra (Technical Member) has held that a fresh period of limitation under Section 18 of the Limitation Act, 1963 (Limitation Act) for the purpose of filing an application under section 7 of the Insolvency and Bankruptcy…