Wesfarmers placed 54 stores operated by Infinity Pharmacy Group into receivership and administration in December. (Source: Getty) Retail giant Wesfarmers reportedly abandoned a rescue deal for Priceline Pharmacy’s largest franchisee, Infinity Pharmacy Group, at the last hour. More than 50 stores operated by the group were placed into receivership in December, with creditors now owed…
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Key Points Announce Francesca’s plans to close all approximately 460 stores and its online operations by mid-January 2026 amid liquidation of inventory. Highlight Francesca’s 2020 Chapter 11 bankruptcy filing and 2021 acquisition by Francesca’s Acquisition LLC for $18 million amid retail challenges. Describe current deep discounts on Francesca’s merchandise as part of clearance sales during…
1. Overview 1.1 Where would you place your jurisdiction on the spectrum of debtor- to creditor-friendly jurisdictions? In restructuring proceedings, the creditor cannot take the initiative, nor do they have the right to control the proceedings, both institutionally and factually, in Japan. For instance, in general, the debtor in civil rehabilitation proceedings (minji-saisei) or the…
This blog article was co-authored with Shumi Ruan Overview As Australian businesses have begun to face the reality of the changing global macroeconomic conditions, it is increasingly important for companies and their directors to consider the risk of corporate insolvency as they navigate slower economic activity. The latest statistics released by the Australian Securities and Investment…
The arrangement will see 22 employees from PwC New Zealand’s Business Restructuring Services team move to Teneo. Credit: Travelanza Media/Shutterstock.com. Teneo has entered into an agreement to purchase PwC New Zealand’s Business Restructuring Services unit for an undisclosed sum. The move marks the further expansion of Teneo’s Financial Advisory business in the Asia-Pacific region. Access…
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Mall-based women’s retailer begins liquidation, closing all stores thestreet.com Read the original article here
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UK travel company closes down with all trips cancelled and no refunds News Shopper Read the original article here