Future Retail, once the crown jewel of Kishore Biyani-led Future Group, is now heading for liquidation as its lenders could not get any reasonable buyer of the debt-ridden firm. As the Committee of Creditors (CoC) rejected the sole resolution plan submitted by Space Mantra after four extensions in the deadline to complete the corporate insolvency…
By Reshmi Basu | Bloomberg Big Lots does not expect to complete a planned sale of its business to private equity firm Nexus Capital Management LP, putting the discount retailer that employs more than 27,000 people at risk of liquidation. The company said it continues to work toward completing an alternative transaction with Nexus or…
Newbury Street Ends Merger Agreement, Faces Liquidation Risk TipRanks Read the original article here
Big Lots store closings 2025: Retailer plans to close all stores Axios Read the original article here
Troubled Melbourne financial advice firm United Global Capital (UGC) has been put into liquidation by the Federal Court. ASIC said that creditors had resolved to wind up UGC, and David Stimpson of SV Partners has been appointed as a liquidator. UGC withdrew its application regarding the cancellation of its Australian financial services licence, which was…
A petition for Forsyth Marine Consultancy Ltd, which has a registered office on Rose Street in the city, was presented on December 3. It requested that the firm be wound up and a liquidator appointed. The court action was on behalf of the commissioners for His Majesty’s Revenue and Customs. READ MORE: MSP raises concern about…
ATO claims Perth Glory owes $1m in unpaid taxes The Australian Read the original article here
British cycling company Spoon Group, the owner-operator of bespoke bike brands Spoon Customs and WyndyMilla, as well as custom paint business Gun Control, has entered liquidation, following extensive efforts to adapt to what the group’s owner described as the ongoing “challenging market conditions” affecting the bike industry in recent years. At the start of 2020,…
R3 responds to November 2024 insolvency statistics Yorkshire Evening Post Read the original article here
Coastal Shell declares bankruptcy, clean air activists breathe sigh of relief MSN Read the original article here