Lack of store investment, underlying issues led Hudson's Bay to 'slow death': experts – Castanet.net
Lack of store investment, underlying issues led Hudson’s Bay to ‘slow death’: experts Castanet.net Read the original article here
Lack of store investment, underlying issues led Hudson’s Bay to ‘slow death’: experts
TORONTO — Analysts say the planned liquidation of Hudson’s Bay will leave a hole in the country’s retail landscape, as Canada’s oldest company prepares to wind down in the coming months unless it can find a last-minute solution. TORONTO — Analysts say the planned liquidation of Hudson’s Bay will leave a hole in the country’s…
Hudson’s Bay plans ‘immediate’ liquidation of entire business – MSN
Hudson’s Bay plans ‘immediate’ liquidation of entire business MSN Read the original article here
Ola Electric Subsidiary Faces Insolvency Proceedings: Rediff Moneynews
Rosmerta Digital Services Ltd has filed for insolvency proceedings against Ola Electric Technologies Pvt Ltd, alleging default in payment for services rendered. Ola Electric disputes the claims and is taking steps to protect its interests. New Delhi, Mar 15 (PTI) Ola Electric Mobility Ltd on Saturday said its vehicle registration service provider Rosmerta Digital Services…
Hudson’s Bay to liquidate entire business, still seeking additional capital
A closure of the entire business, which is planned pending a court appearance set for Monday, would mean job losses for 9,364 employees the company has in Canada across its Hudson’s Bay stores, as well as three Saks Fifth Avenue stores and 13 Saks Off 5th locations it owns through a licensing agreement. Read the…
Rosmerta Seeks To Initiate Insolvency Proceedings Against Ola Electric Unit
Rosmerta Digital Services Pvt. Ltd. has sought the initiation of insolvency proceedings against a wholly owned subsidiary of Ola Electric Mobility Ltd. The operational creditor of Ola Electric Technologies Pvt. Ltd. has filed a petition the National Company Law Tribunal in Bengaluru alleging default in payments towards the services rendered, according to an exchange filing…
Hudson's Bay to liquidate entire business, still seeking additional capital – MSN
Hudson’s Bay to liquidate entire business, still seeking additional capital MSN Read the original article here
Feeling the pinch: why are so many Australian businesses failing? | Business
An insolvency tsunami has swept through Australia, putting the country on track to record decade-high numbers of collapsed businesses by the end of the financial year. While building and food services companies are at the forefront of the surge, few sectors have been spared, representing a soft underbelly to the country’s otherwise resilient economy. Why…
Hudson’s Bay plans ‘immediate’ liquidation of entire business
Despite holding out hope it can avoid a full shutdown, Hudson’s Bay says it is planning an “immediate” liquidation that would begin next week and wrap up in June. The company said it remains optimistic it can drum up capital and find a solution with key stakeholders, particularly its landlord partners, to avoid a full…
Fresh trouble for SpiceJet as 3 aircraft lessors, former pilot file insolvency pleas
SpiceJet is facing fresh round of troubles as three Ireland-based aircraft lessors and a former pilot have filed insolvency pleas in NCLT against the budget carrier, claiming defaults. Three lessors – NGF Alpha, NGF Genesis and NGF Charlie- have filed petitions under Section 9 of IBC, seeking initiation of insolvency proceedings against SpiceJet claiming dues…