Corporate insolvencies rise sharply: Cause for concern or normalization after the pandemic years? German Economic Institute (IW) Read the original article here
The parent company of clothing brand Jeanswest has gone into voluntary administration, with plans to shut all of its stores putting 600 jobs at risk. Harbour Guidance Pty Ltd, a subsidiary of a Hong Kong company owned by clothing and textiles mogul Chun Fan Yeung and his family, had previously placed Jeanswest into administration five…
Jeanswest has collapsed, entering voluntary administration The Daily Aus Read the original article here
Jeanswest’s 53 years of operation in Australia are set to end. Photo: Facebook. Jeanswest is the latest clothing outlet to end its operations in Australia, after it was announced its parent company, Harbour Guidance Pty Ltd, had entered voluntary administration. Across the Region network, stores will close in Tuggeranong, Bega, Wollongong, Albury and Griffith. Across…
Fashion retailer Jeanswest will close all brick-and-mortar stores and cut hundreds of jobs as its parent company enters administration. The brand’s parent company Harbour Guidance have appointed administrators at Pitcher Partners Melbourne to restructure the business. While the company’s 90 physical stores will close, it is not yet known if the brand and its online…
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Hudson’s Bay has begun liquidating all but six of its stores after the company filed for creditor protection earlier this month. Hudson’s Bay has begun liquidating all but six of its stores after the company filed for creditor protection earlier this month. Here’s how the process is unfolding so far: Which stores are part of…
The mood was melancholic this week at St. Albert Centre as shoppers got news that the mall’s Hudson’s Bay outlet was set to close its doors for good. A nationwide liquidation sale of all but six Hudson’s Bay outlets in Canada officially began March 24. Hudson’s Bay Company ULC filed for creditor protection on March…
The parent company of Jeanswest has entered voluntary administration, making it the latest retailer to collapse in a brutal environment for Australian fashion brands. Harbour Guidance Pty Ltd, the corporate entity behind the Jeanswest brand, on Wednesday appointed Lindsay Bainbridge, Andrew Yeo, and David Vasudevan of Pitcher Partners Melbourne as joint administrators. The administration will…
Jeanswest back in administration Business News Read the original article here