Party City’s going out of business sales have started at over 600 locations nationwide, including five in the Las Vegas Valley. After CEO Barry Litwin announced on Dec. 20 that the company was going out of business, the party supplies retailer started sales at 692 locations. Discounts of up to 50 percent off all items…
SINGAPORE – On Nov 11, online marketplace Qoo10 was declared insolvent by the Singapore High Court and ordered to be wound up. It is one of the most high-profile business failures in 2024. Other than Qoo10, the fallout from some once high-flying companies that failed in the past few years – namely Hin Leong, the…
XLMedia announced a series of board changes on Monday, as it progressed toward a planned liquidation following the sale of substantially all of its assets. The AIM-traded company confirmed its focus on cost reduction and effective governance as it prepared to return capital to shareholders and conclude its operations. An initial return of capital was…
Lilium lays off almost all staff pending impending liquidation Aerospace Global News Read the original article here
Court awards Clint Eastwood €250,000 from Lithuanian company LRT Read the original article here
DALLAS, Dec. 23, 2024 (GLOBE NEWSWIRE) — Beneficient (NASDAQ: BENF) (“Ben” or the “Company”), a technology-enabled platform providing exit opportunities and primary capital solutions and related trust and custody services to holders of alternative assets through its proprietary online platform AltAccess, announced it has entered into an agreement (the “Agreement”) with entities controlled by its…
This was reported by the German portal Gründerszene, citing several sources within the company. According to the report, only a small two-digit number of people will remain employed for the time being to support the imminent liquidation of the young company. A week ago, it still looked like the company would be rescued. Wirtschaftswoche reported…
Job losses deepen as more firms go into liquidation Business Daily Read the original article here
Major Australian fashion retailer collapses into voluntary administration Illawarra Mercury Read the original article here
XLMedia CEO to be made redundant as affiliate prepares for liquidation process EGR Global Read the original article here