Crafts retailer, JoAnn Fabrics, has filed for Chapter 11 bankruptcy … again. Last year, JoAnn filed for bankruptcy in March. It emerged from bankruptcy in April as a private company. JoAnn announced on Wednesday that it has commenced voluntary Chapter 11 proceedings in the U.S. Bankruptcy Court for the District of Delaware to facilitate a…
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article FILE-Cars sit in the parking lot outside a Joann store in Davenport, Iowa. (Daniel Acker/Bloomberg via Getty Images) Joann, the crafts and fabrics chain, has filed for bankruptcy a second time in less than a year. The Ohio-based company first filed for bankruptcy in March 2024 and became a private company a month later…
Infamous Swim has secured backing of approximately $1 million through a group of entrepreneurs from the tech, e-commerce, fashion and communications sectors, with the founder of the original mummy-and-me swimwear brand confirming the label has been restructured and is now operating in a new company structure with new directors. It comes after the swimwear brand…
Rex Airlines enters voluntary administration Published 31 July 2024, 11:05 am Hundreds of workers have lost their jobs after regional carrier Rex Airlines was placed into voluntary administration. While regional routes will continue to operate, flights between major cities have been axed and it’s expected more than 600 employees will be made redundant. Read the…
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Pronk said January was usually a slow month for IRD applying to High Courts around New Zealand to have liquidators appointed. But by Monday this week, the Gazette showed it had applied to liquidate 16 companies, Pronk said. “If they do advertise in January it is normally from mid-January onwards. Not so in 2025,” he…
Babcock and Brown shareholders warned against more legal action The Australian Read the original article here