Toys R Us, an iconic U.S. retailer of childrens toys, has announced plans to file liquidation papers and likely close most if not all of its remaining stores, potentially impacting up to 33,000 U.S. workers. In a conference call with staff on Wednesday, reported on by The Wall Street Journal, CEO David Brandon said the…
Toys R Us Australia says it is business as usual at its 39 stores despite the US retail giants apparent collapse at home and elsewhere, and threats it will move to liquidate more stores in other countries. The bankrupt chain is reportedly selling or closing all 885 stores in the US, and the administrator of…
Another Tauranga building company has gone into liquidation. Landmark Homes NZ Ltd announced today its former franchisee Debec Building Solutions Ltd went into voluntary liquidation early this week. The news was announced in a press release, and it is understood at least 13 property owners have been impacted. Landmark Homes NZ Ltd, the franchisor of…
Frederic J. Brown | AFP | Getty Images A woman shops at a Toys R Us store in Alhambra, California. Toys R Us is studying one proposal that could keep the business afloat and keep open roughly 200 U.S. stores open after the retailer liquidates, people familiar with the situation told CNBC on Wednesday. Such…
JUST one week after Doughnut Time announced they were closing a large portion of their stores in a desperate bid to save the brand, the companys few remaining employees have been notified via text message they no longer have a job. Last week, it was reported the doughnut chain would be sold by founder Damien…
“It’s pretty often that retailers want to try to take advantage of the situation to try to get cheaper rents,” he said. To be fair, Oroton would probably never been able to pull off getting out of onerous property leases without the cover provided by company administration. For the administrators and for Vicars, who is the…
The news comes as a shock to workers, who were promised jobs would be saved. Well, it turns out that no Doughnut Time stores will remain open at all, after a deal to sell the surviving stores collapsed last week. The company went into liquidation on Friday, and that will be the end of the (briefly)…
All Doughnut Time stores will close, are the sales the store fell over at the last minute. Last week it was reported the chain will would be sold to the companys former CEO but half of the remaining stores would close. Last night the ABC reported the sale had fallen over at the last minute. …
Today has been the last day of Doughnut Time, Victoria state manager Vanessa Gaddi-Chmielewski wrote in an email supplied to the ABC. I just received news from Dan [Strachotta] that the deal with the new company has been blocked by Damian. As a result, the entire company will go into liquidation including the stores that…
by Madison Marriage Global accounting watchdogs identified serious problems at 40 per cent of the audits they inspected last year, raising fresh concerns about the quality of work being done by the world’s largest accounting firms. According to the International Forum of Independent Audit Regulators, accounting lapses were identified at two-fifths of the 918 audits…