Fashion retailer Store Twenty One – which has a number of sites in the North East – has gone into liquidation, resulting in the loss of 900 jobs. Its owner, Indian manufacturing giant Alok Group, failed to secure investment for the chain following a Company Voluntary Arrangement (CVA) in 2016. As a result, corporate recovery…
LIQUIDATION is possible for a collapsed central Queensland coal miner, a creditors’ report has revealed. Winding up Caledon Coal was recommended by administrator PPB Advisory at the last creditors’ meeting. The Cook Colliery mine owner and Wiggins Island Coal Export Terminal part-owner was placed into administration earlier this year with a debt of about $4billion.…
Store Twenty One, the discount fashion chain, has gone into liquidation, resulting in the loss of 900 jobs. The retailer has been on the brink of collapse for a number of weeks after it failed to raise any extra cash from its main lender, State Bank of India. In a rush to raise funds its owner,…
Jawbone struggled to make headway against Fitbit. JAWBONE died from overeating. After years of struggling against dominant competitors like Fitbit and Samsung, multiple strategic shifts and failures, the fitness tracker company has gone into liquidation. The collapse of Jawbone, which at its peak in 2014 was valued at $US3.2 billion ($4.2 billion), was first reported…
The Scarborough beachfront venue called in administrators on Friday. Matisse, the beach club which tried to add some glamour to Scarborough, has gone into voluntary administration. The beachfront venues sole director, Sean Reid, called in administrators Rob Kirman and Rob Brauer from restructuring and insolvency firm McGrathNicols local office on Friday. Mr Reid declined to…
Mobile application and software developer Buzinga has entered liquidation, with a some clients allegedly left with incomplete projects. SmartCompany understands some businesses working with Buzinga to develop software have been left out in the cold midway through projects, with no indication if they will be resumed. Buzinga Pty Ltd entered liquidation on July 3, with a…
Credit: Bloomberg News Most Popular Jawbone is liquidating, though its CEO is starting again with a company that moves out of the fitness-tracker business in favor of health-related products, an area that deeper-pocketed rivals also are entering. Founded in 1999, Jawbone was once a darling of Silicon Valley and regarded as a pioneer in wearable…
The RBI has directed lenders of Lanco to initiate corporate insolvency proceedings against the company under the Insolvency and Bankruptcy Code Mumbai, July 10: A week after New Delhi-based Hindustan Powerprojects encashed bank guarantees of Lanco Infratech worth 500 crore, due to unfulfilled contractual obligations at the latters 2,520MW Anuppur thermal power plant, the sub-contractors…
Jawbone Up 4 wearable fitness tracker
Jawbone Inc. is liquidating, though its chief executive officer is starting again with a company that moves out of the fitness-tracker business in favor of health-related products, an area that deeper-pocketed rivals also are entering. Founded in 1999, Jawbone was once a darling of Silicon Valley and regarded as a pioneer in wearable technology. Yet…