Insolvency Guardian Media Centre
School lunch provider Libelle Group has been placed into liquidation.
Photo: RNZ / Louise Ternouth
Libelle Group, a major provider of school lunches that went into liquidation this week, has agreed to sell its lunch operation to Compass Group NZ.
Compass had contracted with Libelle previously to deliver 125,000 meals a day as part of the Ka Ora, Ka Ako programme.
“The liquidators are pleased to have been able to reach an agreement with Compass that will see the continuity of the Ka Ora, Ka Ako Healthy School Lunches programme,” said liquidator David Webb in a statement.
“We appreciate the combined efforts of the Compass and Libelle teams in continuing to provide school lunches with minimal disruption while we negotiated a…
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Hudson’s Bay owes almost $1M on Island; mall operator biggest creditor Times Colonist
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A Minnesota senior who drove seven hours to stock up on items at a Hudson’s Bay store is ‘grieving’ the potential loss of the iconic chain.
The Bay filed for creditor protection last week. Then, on Friday night, it announced it will begin liquidating its entire business as soon as next week, pending court approval.
Corey Gordon and his wife, Lori, decided to drive from St. Paul to Winnipeg on a whim that night, arriving at about 3 a.m. Saturday. They had heard about the Bay seeking creditor protection but, while travelling, missed the news that Canada’s oldest retailer will “undergo full liquidation” unless an “alternative solution” is found.
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Hudson’s Bay, Canada’s oldest company, is hoping it can avoid a shut down by announcing a liquidation strategy amid financial struggles.
On Friday, the department store company said unless it finds a more viable path forward, it will begin liquidating its entire business as soon as next week.
“Devastating,” Victoria shopper Maggie said on Saturday. “I think it’s an icon of Canadian history and it’s a real shame.”
The iconic department store chain, which dates back to 1670 and now has 80 stores across Canada, says it has been forced to liquidate because “exhaustive” efforts haven’t turned up the financing it needs to keep the company alive.
“We’re definitely surprised, shocked by…
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Paying off high-interest debt, such as credit card balances, requires patience and resolve. To achieve this, you’ll need a strategy that works for you and your financial situation.
CNBC Select breaks down the five common ways to get out of debt. Read on to see which one is best for you.
Consolidate your debt
Juggling multiple debts can be overwhelming, especially if you’re tracking numerous payment due dates and interest rates. It can take a toll on your mental and financial health.
Debt consolidation can bring some relief. When you consolidate your debts, you roll them into one payment, hopefully at a lower interest rate.
Balance transfer card
A with a 0% APR promo period is perhaps the most cost-effective consolidation tool for credit…
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Harry Potter actor Jessie Cave has revealed she is starting an OnlyFans to help her “get out of debt” and “empower” herself.
Cave portrayed the character Lavender Brown in three films across the Harry Potter franchise, first appearing in 2009’s Harry Potter and the Half-Blood Prince. The character is perhaps most notable for her brief relationship with the character Ron Weasley.
Despite her on-screen success, Cave said on social media that she is starting an OnlyFans account to help deal with some of her debt.
Cave specified that the account would be non-sexual in nature and would instead offer subscribers “the best quality hair sounds”, with an aim to appeal to people with a hair fetish.
Speaking on her podcast, Before We Break…
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Hudson’s Bay plans ‘immediate’ liquidation of entire business MSN
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With the future of foreign aid plunged into uncertainty, family offices and wealth managers may help fill the void and play a more strategic role in this sphere.
The world’s wealthiest individuals and financial institutions have long played a vital role in philanthropy. As the bulk of US foreign aid has been slashed and as other donor countries, including the UK, also cut back, the responsibility of wealth managers, family offices and banks to help fill this void has never been greater. This is not just about doing good. It’s about ensuring stable and investable markets and building long-term financial prosperity for all.
Foreign aid reductions have far-reaching consequences. Surveys…
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Experian is eliminating $5 million in consumer debt for 5,000 families in Louisiana through a partnership with ForgiveCo, a public benefit corporation specializing in debt relief, according to an Experian press release. The initiative is part of Experian’s ongoing efforts to support financial literacy and assist consumers facing economic hardship.
Why It Matters
The program is part of Experian’s broader push to help consumers take control of their financial health. Louisiana was chosen due to its high poverty rate—nearly 19 percent of the state’s population lives below the poverty line, according to U.S. Census Bureau data.
By targeting households burdened with consumer debt, Experian aims to give recipients a fresh start while promoting…
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Struggling with a poor credit score can feel like trying to climb a mountain with weights on your back. In 2025, several credit repair companies have emerged as trusted guides to help consumers repair damaged credit profiles and rebuild their financial foundations. Let’s explore the industry leaders that are transforming credit restoration this year.
The elite players in credit repair for 2025
As financial markets evolve, so do the services designed to help consumers navigate credit challenges. Lexington Law continues to dominate the industry with its comprehensive approach and attorney-backed services. “Our clients see an average of 10.2 negative items removed within the first four months,” reveals Michael Cortez, Chief…
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Hudson’s Bay to liquidate entire business, still seeking additional capital MSN