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By Tara Deschamps
Insolvency Guardian Media Centre
Stay informed with the latest in insolvency news and industry updates. We can keep you up to date with insolvency and finance information from around the world.
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Published Mar 17, 2025 • 5 minute read
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TORONTO — A full liquidation at Canada’s oldest company could begin as soon as Tuesday and last for up to 12 weeks, but Hudson’s Bay is still holding out hope that it will find a lifeline.
Lawyers for the beleaguered retailer said in an Ontario court Monday morning that if approved by the judge, the liquidation would span all 80 stores as well as three Saks Fifth Avenue stores and 13 Saks Off 5th locations in Canada that it owns through a licensing agreement.
The process…
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More than 350 locations will undergo liquidation sales as Forever 21 begins the bankruptcy process.
WASHINGTON — More than 350 Forever 21 clothing stores are beginning liquidation sales across the country as the company files for Chapter 11 bankruptcy protection amid declining mall traffic in the U.S.
According to bankruptcy paperwork filed Monday by F21 OpCo, which runs Forever 21 stores, the company will wind down business in the U.S. while determining if the brand can continue with a partner, or whether it will sell off some or all of its assets.
Forever 21 stores are located in 43 states and the U.S….
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More than 350 locations will undergo liquidation sales as Forever 21 begins the bankruptcy process.
WASHINGTON — More than 350 Forever 21 clothing stores are beginning liquidation sales across the country as the company files for Chapter 11 bankruptcy protection amid declining mall traffic in the U.S.
According to bankruptcy paperwork filed Monday by F21 OpCo, which runs Forever 21 stores, the company will wind down business in the U.S. while determining if the brand can continue with a partner, or whether it will sell off some or all of its assets.
Forever 21 stores are located in 43 states and the U.S….
Read the original article here
A prominent Canadian entity with a presence in Red Deer has announced it will begin a store-by-store liquidation process.
Hudson’s Bay Company ULC, which comprises the retailer Hudson’s Bay and TheBay.com, recently announced it has filed documents with the Ontario Superior Court of Justice indicating that, despite exhaustive efforts to secure sufficient financing to pursue a restructuring transaction under the Companies’ Creditors Arrangement Act (CCAA), it has only secured limited debtor-in-possession financing that will require the full liquidation of the entire business.
There is a Hudson’s Bay location inside the Bower Place mall in Red Deer.
Canada’s oldest company states that it remains hopeful that key…
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Updated Mar 18, 2025 00:09 IST
Zomato insolvency plea: Zomato might get into trouble as it is facing an insolvency plea from its uniform supplier Nona Lifestyle which alleged that the former has pending dues of Rs 1.64 crore
Article Highlights
- In 2024, NCLT had dismissed it due to non-prosecution and now Nona Lifestyle has requested to restore its old petition.
- It has filed an application under Rule 11 of NCLT Rules, 2016, which provides the tribunal inherent power that can also be used for restoration purposes.
- Petitioner Nona Lifestyle is an apparel business and has supplied uniforms for its employees and delivery partners, including merchandise for brand activations during ICC World Cup 2023.
Online food delivery platform Zomato might…
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Forever 21 winds down U.S. stores amid 2nd bankruptcy. What this means for Connecticut Stores. CT Insider
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More than 350 locations will undergo liquidation sales as Forever 21 begins the bankruptcy process.
WASHINGTON — More than 350 Forever 21 clothing stores are beginning liquidation sales across the country as the company files for Chapter 11 bankruptcy protection amid declining mall traffic in the U.S.
According to bankruptcy paperwork filed Monday by F21 OpCo, which runs Forever 21 stores, the company will wind down business in the U.S. while determining if the brand can continue with a partner, or whether it will sell off some or all of its assets.
Forever 21 stores are located in 43 states and the U.S….
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Jaiprakash Associates Ltd (JAL), a key entity within the Jaypee Group, is currently undergoing an insolvency process. In a significant move, a consortium of lenders has transferred their outstanding loans from JAL to the National Asset Reconstruction Company Ltd (NARCL). This decision is part of the broader efforts to manage non-performing assets (NPAs) and improve the financial health of the banking sector. The total outstanding loans of JAL stood at INR 55,493.43 crore as of February 20, 2025. However, the exact value of the debt transferred to NARCL has not been disclosed.
The consortium of lenders includes some of India’s largest financial institutions, such as State Bank of India (SBI), ICICI Bank, IDBI Bank, Axis Bank, Life…
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More than 350 locations will undergo liquidation sales as Forever 21 begins the bankruptcy process.
WASHINGTON — More than 350 Forever 21 clothing stores are beginning liquidation sales across the country as the company files for Chapter 11 bankruptcy protection amid declining mall traffic in the U.S.
According to bankruptcy paperwork filed Monday by F21 OpCo, which runs Forever 21 stores, the company will wind down business in the U.S. while determining if the brand can continue with a partner, or whether it will sell off some or all of its assets.
Forever 21 stores are located in 43 states and the U.S….
Read the original article here
More than 350 locations will undergo liquidation sales as Forever 21 begins the bankruptcy process.
WASHINGTON — More than 350 Forever 21 clothing stores are beginning liquidation sales across the country as the company files for Chapter 11 bankruptcy protection amid declining mall traffic in the U.S.
According to bankruptcy paperwork filed Monday by F21 OpCo, which runs Forever 21 stores, the company will wind down business in the U.S. while determining if the brand can continue with a partner, or whether it will sell off some or all of its assets.
Forever 21 stores are located in 43 states and the U.S….
Read the original article here
Forever 21 winds down U.S. stores amid 2nd bankruptcy. What this means for Connecticut Stores. Danbury News Times