Adani Group News: Adani Group has shown interest in acquiring Jaiprakash Associates Limited (JAL) through the insolvency process. JAL, the flagship company of Jaypee Group in cement, energy, hotels, construction and real estate business, has been admitted to corporate insolvency resolution proceedings under the Insolvency and Bankruptcy Code, 2016 by an order passed by the…
The company behind iconic fashion brand Jeanswest has called time on its bricks-and-mortar retail operations as trading conditions for Australian retailers become increasingly tough amid reduced discretionary spending and increased cost of living. Harbour Guidance Pty Ltd, which rescued Jeanswest after it entered administration in 2020, has made the decision to put the company into…
Retail chain Jeanswest’s collapse to cost 600 jobs The Australian Read the original article here
Meetings and Events Australia (MEA) has announced it is entering voluntary administration and will close operations in 2025. The events industry body is celebrating its 50th anniversary in 2025 but has appointed an administrator ahead of ceasing operations. The annual MEA National Conference was to be held in June 2025 in Sydney – with Spice…
The liquidation of Kester Black Ltd — the New Zealand business of the cosmetic and skincare brand started by Wānaka woman Anna Ross — has been completed. In July last year, the Australian-registered arm of the business, Kester Black Pty, entered voluntary administration, while the New Zealand business was put into liquidation the following month, with…
Hudson’s Bay Co. fought to avoid a full shutdown in a Toronto courtroom on Monday, asking for permission to begin liquidating most of its stores this week. A lawyer for Canada’s oldest company, Ashley Taylor, said HBC’s efforts to solve its cash flow crisis have “failed.” Taylor also told a standing-room-only crowd at the Ontario…
As Hudson’s Bay continues to work through liquidation and restructuring plans in an Ontario court, documents have revealed that the department store plans to pay up to $3 million in retention bonuses to some managers and executives. In court documents filed earlier this month, the retailer asked that nearly $3 million be set aside for…
Open this photo in gallery: A sign outside the downtown Hudson’s Bay store in Vancouver on March 24. The retailer was back in Toronto court on Wednesday for the latest on its liquidation processDARRYL DYCK/The Canadian Press Hudson’s Bay Co. was in court again on Wednesday, seeking approval for an agreement with its senior lenders…
Breadcrumb Trail Links News Retail & Marketing Work The Bay owes more than $950 million to its creditors, which includes banks, big clothing brands and other businesses Get the latest from Naimul Karim straight to your inbox Sign Up Published Mar 25, 2025 • Last updated 23 hours ago • 4 minute read You can save…
Hudson’s Bay asked an Ontario court Wednesday to approve a restructuring agreement that will give it a few extra days timeline to save the six stores it has so far spared from liquidation. A new version of the agreement will force the retailer to start liquidating those stores on April 8 — if it hasn’t found a…