BNN Bloomberg is Canada’s definitive source for business news dedicated exclusively to helping Canadians invest and build their businesses. Here are five things you need to know this morning OECD warns on Trump impact: A warning today on the outlook for the world’s economy. The Organization for Economic Co-operation and Development (OECD) says U.S. President…
Forever 21 files for bankruptcy again, to start liquidation sales New Straits Times Read the original article here
Forever 21 files for bankruptcy again, to start liquidation sales Reuters Read the original article here
Hudson’s Bay is set to be back in court Monday morning where it will seek approval to begin liquidating its entire business, putting more than 9,000 jobs at risk. The department store holding the title of Canada’s oldest company says it has been forced toward a full liquidation because “exhaustive” efforts haven’t turned up the…
US-origin Fashion brand, Forever 21’s operator F21OpCo filed for Chapter 11 bankruptcy on Sunday. This is the second time in six years the retailer has taken the decision amidst withering sales. As Forever 21 fails to remain profitable, the company said the liquidation sales at their stores will soon follow. In the ever-increasing e-commerce market,…
A popular car parts, camping and DIY supplier has entered voluntary liquidation, as a sale of its remaining stock is set to take place later this month. Autoplus Limited, based in Norton, Stockton, entered voluntary liquidation on March 10, leaving customers and staff devastated by the news. The liquidation resulted in job losses for several employees, while…
Forever 21 files bankruptcy; Begins liquidation sales WFMJ Read the original article here
By Tara Deschamps The Canadian Press Posted March 17, 2025 7:24 am 1 min read Descrease article font size Increase article font size Hudson’s Bay is set to be back in court Monday morning where it will seek approval to begin liquidating its entire business, putting more than 9,000 jobs at risk. The department store…
Ola Electric Mobility Ltd. shares plummeted almost 8 per cent on Monday, touching a new all-time low of Rs 46.51 each. The fall followed after an insolvency petition was filed by Rosmerta Digital Services Pvt. Ltd., an Ola Electric vendor, against the EV maker’s subsidiary for non-payment of dues. The petition, filed before the National…
Canadian department store chain Hudson’s Bay Company has revealed plans to initiate a full liquidation of its business as it failed to obtain the necessary funding to proceed with a restructuring plan. The company, with a workforce of 9,364, has stated in the filings submitted to the Ontario Superior Court of Justice that it has…