The Limited looks set to be the first retailer to file for bankruptcy in 2017. The 240-store chain, which like other womens apparel clothing stores has been struggling with declining traffic at many malls and a surfeit of merchandise on the market, is planning to file for Chapter 11 bankruptcy protection in the coming weeks,…
Despite three strong years of growth and consecutive record macadamia crops, north coast nut company Macaz has stopped processing and is in voluntary administration. More than 40 farmers, dozens of businesses, and three Chinese companies are owed more than $4 million by the Alstonville-based business. Schon Condon from the Condon Associates Group has…
Limited Stores is planning to file for bankruptcy within weeks and most likely liquidate its business, according to people with knowledge of the matter. The struggling retailer has retained Kirkland & Ellis as its legal adviser, said the people, who asked not to be named because the hire is private. Guggenheim Securities and RAS Management…
Goshen Holdings’ creditors might have to fork out more to receive and money owed. People owed money by a failed freight and logistics services company ordered to pay a former employee $20,000 won’t see a cent unless they bankroll further legal action. Palmerston North-based company Goshen Holdings folded in 2013 after it lost its only…
Cape Town – The Western Province Rugby Union has been granted a final liquidation order of their commercial arm, the WP Rugby (Pty) Ltd, in the Western Cape High Court on Tuesday. The WP Rugby Union were handed a provisional liquidation order for the company on November 7, but the final liquidation was opposed by…
Nashira Davids | 2016-12-20 14:49:24.0 Paul Zacks (Western Province Rugby Group CEO) and Mr Thelo Wakefield (President of the Western Province Rugby Football Union) during the WP Rugby press conference at DHL Newlands Stadium on November 07, 2016 in Cape Town, South Africa. Image by: Grant Pitcher/Gallo Images … Read the full article at: http://www.timeslive.co.za/sport/rugby/2016/12/20/Western-Province-Rugby-placed-under-liquidation1
The Ghana Association of Restructuring and Insolvency Advisors (GARIA) would have to wait a little longer before its dream of getting a bill that would regulate its operations in the country would be laid before parliament. This is because the Corporate Insolvency Bill, which was due to be laid before Parliament early next year,…
Metal Hammer magazine has been bringing the UK and the world the latest metal news since 1983 as long as I have been born. But it might be on its last breath. The UK’s Daily Record reports that Metal Hammer’s parent company, Team Rock, “has entered administration.” This seems to be the UK’s equivalent of…
Dec. 19, 2016 3:28 p.m. ET American Apparel LLC will close nine of its stores, including locations in New York and Washington, D.C., by Dec. 31 and won approval of an agreement with liquidators that would govern the closure of any stores that arent sold during an auction in January. The approval Monday by Judge Brendan Shannon of the…
The operator of a string of Noodle Box restaurants has been charged with fraud after an investigation by the corporate regulator into the illegal practice of phoenix activity. Amy Timko, who formerly ran several Noodle Box franchises in northern Tasmania, appeared in court in Hobart on Friday on charges of fraudulent conduct under the Corporations Act. AmyTimko’s…