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75-year-old furniture chain files for bankruptcy and begins liquidation sales at 33 closing stores

A BELOVED furniture chain has begun liquidation sales after its parent company filed for bankruptcy. The parent company, American Signature Inc. (ASI), confirmed the stores and websites will remain open to shoppers during the bankruptcy. Sign up for the Money newsletter Thank you! The bankruptcy comes as the furniture industry continues to struggle post-pandemic (Stock…

Yume Food Australia in liquidation

Food redistribution platform, Yume Food Australia, has gone into liquidation after a decade of work reducing food waste – in partnership with companies including Sodexo, Unilever, Kellogg’s, Suez, and SecondBite. Since it was founded in 2015, Yume has returned $30 million to Australian businesses and manufacturers and redistributed 11.5 million kilograms of quality food, avoiding…