Canada’s oldest company Hudson’s Bay says it will begin liquidating its entire business as soon as next week unless it finds a more viable path forward. The department store chain with 80 stores says it has been forced toward a full liquidation because exhaustive efforts haven’t turned up the financing the company needs to restructure.…
TORONTO, March 15, 2025–(BUSINESS WIRE)–Hudson’s Bay Company ULC (Hudson’s Bay or the Company), the Canadian entity that comprises the retailer Hudson’s Bay and TheBay.com, today announced it has filed documents with the Ontario Superior Court of Justice indicating that, despite exhaustive efforts to secure sufficient financing to pursue a restructuring transaction under the Companies’ Creditors…
Puku Ora Eatery in Gisborne. Photo: Google Maps / Supplied A school lunch provider that went into liquidation at the end of January owes Inland Revenue more than $600,000, a liquidators’ report reveals. Gisborne-based Puku Ora has four business lines, liquidators McDonald Vague said: Catering services, provision of school lunches under a government contract, the…
Dozens of schools are losing their canteens – some with just 24 hours notice – as the fallout from a school lunch makers liquidation spreads. Libelle, which provides about 125,000 meals a day for the government’s revamped school lunch programme, went bust on Tuesday. Liquidators and the main contractor Compass have stepped into make sure…
Store closing sales enter final days for Big Lots, Party City and more Axios Read the original article here
Huge healthcare firm files for Chapter 7 liquidation TheStreet Read the original article here
Jonathan Barham has joined Collas Crill as a Partner in the Global Insolvency and Corporate Disputes team. With more than 20 years’ experience of dealing with all aspects of commercial litigation, encompassing a broad range of business, corporate, insolvency and trust disputes, Jonathan (pictured) is will also act as the local practice head of the…
Pioneer Channel Factory, a Mumbai-based company, has filed for the initiation of its Corporate Insolvency Resolution Process (CIRP) under Section 10 of the Insolvency and Bankruptcy Code (IBC), 2016. The National Company Law Tribunal (NCLT), Mumbai Bench, has admitted the petition and ordered the commencement of the CIRP. Background of the case Pioneer Channel Factory…
The NCLAT upheld the decision of the Adjudicating Authority stating that the appellants had failed to exercise due diligence on protecting their rights with the prescribed timelines. The National Company Law Appellate Tribunal, Principal Bench, New Delhi dismissed the appeals filed under Section 61 of Insolvency and Bankruptcy Code 2016 due to failure of appellant…
Fashion chain on brink of collapse as UK stores set to close this weekend – full list The Star Read the original article here