Albins, which is the largest high-performance transmission manufacturer in the southern hemisphere, specialises in the design and manufacture of drivetrain components from individual gears, axles, drive flanges and ring and pinions through to complete unit sequential shift transmissions. Read the original article here
Asia Pacific’s leading independent spirits distributor Proof & Company has placed its Australian business into voluntary administration, citing “a local economic downturn” and a “changing” Australian spirits industry landscape. The administration process applies solely to its Australian subsidiary Sa’Pere Drinks, which is currently trading as Proof & Company Australia and includes Australian brands such as…
Kam Kee Holdings faces liquidation proceeding due to financial troubles Dimsum Daily Read the original article here
Previously, as Hudson’s Bay Company ULC wrestled with its financing difficulties, it had announced that it would slim its fleet down to only 6 Hudson Bay stores and the one remaining Canadian Saks Fifth Avenue location. At this time, the Company believes that a viable bid for the current six-store model is unlikely, and therefore…
National car repair company with workshops across four states collapses owing almost $5million MSN Read the original article here
Betway files for liquidation amid a Sh5bn tax row with KRA Business Daily Read the original article here
The number of corporate insolvencies is about to erupt, but what is truly going on behind the increase? Lynne Darcey Quigley from commercial debt recovery advisory firm Darcey Quigley & Co discusses the sharp rise and outlines how corporations can mitigate the risk. In 2022, global corporate insolvency numbers are expected to increase by 33%,…
Hudson’s Bay is liquidating all of its stores. Hudson’s Bay Company’s efforts to stay in business appear increasingly unlikely to pan out. Canada’s oldest company will liquidate its remaining six Hudson’s Bay stores and one Saks Fifth Avenue location, with sales beginning April 25. Hudson’s Bay said it is making the move because it believes that…
IBC Weekly Round Up [21st April-28th April 2025] Live Law Read the original article here
Asia Pacific-based independent spirits distributor Proof & Company has put its Australian business into voluntary administration after facing a “local economic downturn”. Proof & Company is behind EcoSpirits, which sold a minority stake to Pernod Ricard Proof & Company operates in four markets: Singapore, Australia, Hong Kong and New Zealand. Last Friday (25 April), the…