Comments (2) A PORT Talbot engineering company with strong links to the steel industry has closed, resulting in the loss of 250 jobs in the area. Fairwood Fabrications has announced it will cease trading after going into liquidation. The company has been involved in the steel industry for more than 35 years. The company had supplied…
Two film investment companies which Ive exposed now face being shut down. The High Court heard this week how Spice Factory Limited and Gummy Bear Films Limited raised around £3million from members of the public for an animated film, supposedly featuring the voice of John Travolta. They were promised a 125% return as soon as…
Nick Learned, Townsquare Media Employees of the Laramie Hastings will likely find themselves out of work as all Hastings Entertainment stores are set to be liquidated and closed. The company filed for Chapter 11 bankruptcy protection five weeks ago. Wednesday, a joint venture of Hilco Merchant Resources LLC and Gordon Brothers Retail Partners LLC purchased Hastings Entertainment…
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Garnero Group Acquisition Co * As result of certain material breaches by Q1 Comercial De Roupas S.A. of agreement between parties, it has terminated deal * Garnero group acquisition company announces termination of investment agreement and provides information on liquidation * Terminated its previously announced proposed merger with grupo colombo * Ggac’s corporate existence will…
SAO PAULO–(BUSINESS WIRE)–Garnero Group Acquisition Company (GGAC) (NASDAQ:GGAC), a public investment vehicle formed for the purpose of effecting a merger, acquisition or similar business combination, announced today that, as a result of certain material breaches by Q1 Comercial de Roupas S.A. (Grupo Colombo) of the agreement between the parties, it has terminated its previously announced…
Two of Scotland’s leading insolvency practitioners has joined the Accountant in Bankruptcy (AiB) advisory board. Bryan Jackson, currently a consultant with Johnston Carmichael, and Laurie Manson, former PwC corporate insolvency and restructuring specialist join as non-executive board members. Both will offer independent challenge and professional expertise to the Executive Agency of the Scottish Government. Jackson,…
Murray Wilson/ FAIRFAX NZ Hospo Bros, which once managed Palmerston North bars Shooters and Victory, has left more than $1 million in unpaid bills after its liquidation. The liquidators of a Palmerston North-based bar management company have found the coffers empty, with more than $1 million in unpaid bills. Hospo Bros has been in liquidation…
Latest News Valence Industries, owner of the Uley graphite mine south west of Port Lincoln, has entered voluntary administration after failing to raise capital. The company suspended trading in November, and in December, ceased production at the Uley site. It required $7 million in capex and up to $5 million in working capital to recommence…
Lavan Legal has appointed Claire Petersen as a partner in its reconstruction, recovery and insolvency team. Carmen Boothman, Vince Bradley, Benn Wallace, Matthew Wilson, and Jennifer Woodford have been appointed associates. Commercial real estate firm CBRE has appointed Jack Divitini as manager in its Perth advisory and transaction services, industrial and logistics team. Mr Divitini…