CLOSE Consumers are scared to go out and retailers are floundering. Is there a future for the traditional indoor shopping mall? Wochit Lord & Taylor, of one of the nation’s oldest department store chains, has started liquidating 19 of its 38 stores. The retailer filed for Chapter 11 bankruptcy protection Sunday, joining the growing list…
It’s been a tough few months for businesses, butone beloved retailerhas just announced some good news. Stationery brand kikki.K was placed into Voluntary Administration in March just as the world began to be seriously affected by COVID-19. Today they have announced apartnershipwithUS-based EC Design which means that they will continue to trade as well as…
kikki.K has been saved from voluntary administration after securing a partnership with US-based EC Design. The global stationery brand was placed into voluntary administration in March 2020. The stationery brand will now expand its e-commerce offering and continue to operate its 30 stores across the world. The retailer entered Receivership in March, saying it was…
A TWEED Heads travel agency has likely become the latest victim of COVID-19 – falling into liquidation owing $155,000. The directors of D P & C Ryan Pty Ltd, which traded as Global Travel & Cruise and was part of the Helloworld Travel group, made the decision to undertake a creditors’ voluntary winding up of…
Willie Mason has been accused of partying too hard, leading to the loss of his life savings. Picture: AAP Image/Joel Carrett Former rugby league star Willie Mason has been accused of aiding and abetting the regular hard partying that led to the failure of an investment company and, with it, the loss of his life…
The Hannas, however, deny making false and misleading claims to secure Mason’s money or that there was any offer or agreement that they would guarantee it. In their response in the Supreme Court they allege the ex-footballer’s partying with John Hanna precipitated the downfall of his company. Willie Mason, right, with John Hanna in 2014.Credit:Facebook…
BULLZYE lovers will soon see a return of the country clothing and accessories brand as Thomas Cook Boot and Clothing Co. has come in to save the day. Bullzye went into liquidation in March with more than $1.5 million owing to unsecured creditors. The liquidation saw the closure of the five physical Queensland stores, Rockhampton,…
29 Jul 2020 The introduction of the new Corporate Insolvency and Governance Bill has been a far-reaching aid to businesses disrupted by the COVID-19 pandemic, although some of those measures are somewhat controversial. The Bill was partly brought into force on 26 June 2020 but unusually some measures will have retrospective effect in order to…
CLOSE J.C. Penney has filed for bankruptcy and is closing their doors after being around for almost 120 years. So why does it hurt to see them go? USA TODAY J.C. Penney is looking to go forward with a sale of the business to avoid a brush with liquidation. The retailer’s attorney, Joshua SussbergofKirkland& Ellis,…
29 Jul 2020 The new Corporate Insolvency and Governance Bill introduces an unprecedented level of protection to insolvent companies in supply chains. Suppliers will now be obliged to continue providing goods and services despite the fact the recipient is in an insolvency process. The standard practice in most supply contracts is that a clause will…