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…
GUY CAMPBELL/BBC Gerry Skews, from the Excelsior Trust which operates a Lowestoft-built sailing smack, says the college had been a lifeline for the preservation of traditional techniques An award-winning centre teaching traditional maritime construction skills has closed as it goes into liquidation. The International Boatbuilding Training College (IBTC) started in Oulton Broad in Suffolk in…
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…
In a statement, regional insolvency and business recovery specialists McTear Williams & Wood said IBTC Limited – the company trading as International Boatbuilding Training College – would “close its doors with effect from 20 December and a meeting of members has been called for that day to place the company into liquidation”. A spokesperson for…
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Health House parent Melodiol Global Health has entered voluntary administration, the third medicinal cannabis company to hit the financial wall in six weeks. Perth-based WA Insolvency Solutions has been appointed to handle the affairs of the firm, with a creditors’ meeting due to take place this morning (Friday). Join the Cannabiz revolution Want to stay…
DETROIT (AP) — In the waning days of President Joe Biden’s administration, the government’s highway safety agency is proposing voluntary… DETROIT (AP) — In the waning days of President Joe Biden’s administration, the government’s highway safety agency is proposing voluntary safety guidelines for self-driving vehicles. But a rule from the National Highway Traffic Safety Administration…
To use this website, cookies must be enabled in your browser. To enable cookies, follow the instructions for your browser below. Facebook App: Open links in External Browser There is a specific issue with the Facebook in-app browser intermittently making requests to websites without cookies that had previously been set. This appears to be a…
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…