Listen to the article 4 min This audio is auto-generated. Please let us know if you have feedback. Dive Brief: Hudson’s Bay Co. plans to liquidate after failing to secure sufficient financing for a restructuring transaction following “exhaustive efforts,” the Canadian department store chain said in a Friday statement. The company filed for the U.S.…
Credit: Tom Sofield/LevittownNow.com The Forever 21 store at the Oxford Valley Mall is set to close in the coming weeks as the company initiates an “orderly wind down” of its operations. The announcement follows Forever 21’s filing for Chapter 11 bankruptcy, a move that will result in liquidation sales at its remaining stores and on…
Forever 21 to wind down US operations after bankruptcy filing The Business Journals Read the original article here
Reading Time: minute One of New Zealand’s largest cherry growers, Cherri Global, has gone into liquidation. Creditors have until April 8 to register their claims with the appointed liquidators. Cherri Global, with orchards in Hawke’s Bay and Central Otago, and subsidiary companies Cherri Holdings and Cherri Machinery, was placed in liquidation on March 8 through…
Food delivery aggregator Zomato may face an insolvency plea as one of its operational creditors has moved the National Company Law Tribunal, seeking restoration of its previous petition. Nona Lifestyle Pvt Ltd., an operational creditor, has moved NCLT requesting to restore an insolvency plea filed by it earlier against Zomato Ltd under Section 9 of…
TORONTO – A full liquidation at Canada’s oldest company could begin as soon as Tuesday and last for up to 12 weeks, but Hudson’s Bay is still holding out hope that it will find a lifeline. Lawyers for the beleaguered retailer said in an Ontario court Monday morning that if approved by the judge, the…
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Huge mall retailer confirms Chapter 11 bankruptcy liquidation MSN Read the original article here
Forever 21 bankruptcy 2025: All U.S. stores expected to close, liquidate Axios Read the original article here
HBC, founded in 1670, is Canada’s oldest company and has played a defining role in the nation’s history from the fur trade to the modern department store era. But now, with mounting debt and unsuccessful attempts to secure new investment, the retailer is preparing for a possible full-scale liquidation of its 80 Hudson’s Bay stores,…