Insolvency Guardian Media Centre
Sharvain Facades goes into voluntary administration MSN
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A Total Of 5,272 Youths Declared Bankrupt Since 2020 BERNAMA
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A Total Of 5,272 Youths Declared Bankrupt Since 2020 BERNAMA
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Translated by
Nicola Mira
Published
March 12, 2025
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Edward Koemans: “Business model was not future-proof”
On 12 March 2025, the Rotterdam District Court declared Davis Europe bankrupt, appointing Mr A.C.L. Beneder as trustee.
In a statement, CEO Edward Koemans explained that the company had experienced rapid growth prior to the COVID years. “Just before COVID, we had invested — in anticipation of Brexit — in a logistics company with its own warehouse. When COVID hit, it became clear that many of our customers were linked to the hospitality industry, resulting in a drop in sales of 50 per cent or more in some months, which forced us to reorganize.”
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Canadian department store retailer Hudson’s Bay Company said on Friday it has failed to secure sufficient financing to go ahead with a restructuring transaction under the Companies’ Creditors Arrangement Act.
The Toronto-based company said it has only secured limited debtor-in-possession financing that will require the full liquidation of the entire business, added that a store-by-store liquidation process will begin as soon as next week.
Hudson’s Bay said it hopes that key stakeholders, particularly its landlord partners, would explore with it an alternative restructuring path that could preserve jobs and tenancy in retail…
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Sharvain Facades goes into voluntary administration MSN
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The company did not disclose the financial terms of the deal.
It marks Perfios’ second acquisition in a month, following its purchase of Clari5, a banking financial crime management platform, in February to enhance its risk intelligence and fraud mitigation capabilities.
“This acquisition is a natural extension of our strategy to strengthen the full stack, tech first solutions that we have. Our aim is to power the end to end customer lifecycle for financial institutions,” Sabyasachi Goswami, CEO of Perfios told ET.
Founded in 2019, CreditNirvana specialises in artificial…
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“Yeah, nah,” said a staff member who tried the meal.
The Rotorua school’s principal Phil Palfrey said the meals were at least on time – the school had been warned they would be 90 minutes late.
The collective said it sourced the Australian meals due to a manufacturing shortfall.
That’s in the same week Libelle, which made 125,000 meals a day for the collective, went into liquidation.
Compass, which holds the contract, had said it would ensure Libelle’s staff were paid and its kitchens kept running.
Today, liquidator Deloitte confirmed that Compass would also ensure Libelle’s school tuck shops, which…
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Zimbabwe’s debt surges to $21bn amid controversial Mutapa Fund recapitalisation The Africa Report
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Canadian department store retailer Hudson’s Bay Company said on Friday it has failed to secure sufficient financing to go ahead with a restructuring transaction under the Companies’ Creditors Arrangement Act.
The Toronto-based company said it has only secured limited debtor-in-possession financing that will require the full liquidation of the entire business, added that a store-by-store liquidation process will begin as soon as next week.
Hudson’s Bay said it hopes that key stakeholders, particularly its landlord partners, would explore with it an alternative restructuring path that could preserve jobs and tenancy in retail…
Read the original article here
I know you all have a lot of things to worry about with regards to the Trump administration. Trump’s tariffs are tanking the stock market and sending consumer confidence crashing. Trump is abandoning America’s European allies in order to court Vladimir Putin. Elon Musk’s DOGE is haphazardly smashing U.S. government institutions in an attempt to root out progressive ideology. And Trump is asserting dramatic expansions of presidential power in an attempt to incarcerate protesters and deport immigrants.
But unfortunately, I have to give you one more thing to worry about, because this one is really big and important. Trump and his party are getting ready to massively increase the national debt, at a time when the existing debt is…