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 Read the original article here
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 Read the original article here
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 Read the original article here
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 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
“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…
Open this photo in gallery: Hudson’s Bay Company announced on March 21, 2025 that all but six of its locations across Canada would be liquidated after the company filed for credit protection.Isabella Falsetti/The Globe and Mail Hudson’s Bay Co. has terminated the jobs of nearly 200 corporate employees – the first in what is expected…