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Their products could also be found in Wellington’s Moore Wilson’s and Auckland’s Farro Fresh.
Alamir’s product range includes hummus, falafel, and pita bread but customers have noticed them missing from supermarket shelves recently. Photo / Alamir Bakery.
In 2021, managing director Ali Dia told the Herald the company was started by his father as an offshoot of his mother’s catering in 1992 and had “grown like crazy” since.
Dia said at the time they had 28 staff and operated two factories in Wellington “one where we produce the pita bread and the other where we produce our falafel bites, hummus and tahini”.
Business was “rough” during the Covid-19 lockdown, with Dia saying they had to lay off two staff members and drop…
Neither the local management nor the company’s lawyers were present at the Luxembourg Commercial Court at 9am on Friday 29 November. However, Liberty Liège-Dudelange and its Luxembourg site were declared bankrupt after the management admitted that it was in suspension of payments. Olivier Wagner was appointed receiver in front of a few journalists and the LCGB union’s deputy general secretary, Robert Fornieri, who had made the trip.
“The most urgent matter is the employees, who are entitled to their back pay for October and November,” commented Wagner as he left the court. “They will be entitled to their severance pay under the Labour Code, which corresponds to the month of the bankruptcy, the subsequent month, i.e., December,…
Motions brought by boom-time developer Seán Dunne in an effort to dislodge officials overseeing his bankruptcy have been dismissed by the High Court.
Mr Justice Liam Kennedy said Mr Dunne (70) failed to bring new proceedings and instead took a procedurally incorrect route in seeking to challenge the validity of two officials’ appointments within the original bankruptcy case.
Mr Dunne was declared bankrupt in 2013, owing hundreds of millions of euro to the banks.
He recently issued motions alleging, among other claims, that the legislation used to appoint official assignees to his bankruptcy is unconstitutional.
A preliminary objection was raised by former official assignee Chris Lehane, his successor Ian…
US President Joe Biden on December 3, 2024. Borrower advocates are urging the Biden administration … [+] to finish implementing, and expand, student loan forgiveness for defrauded borrowers. (Photo by ANDREW CABALLERO-REYNOLDS / AFP) (Photo by ANDREW CABALLERO-REYNOLDS/AFP via Getty Images)
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Student loan forgiveness processing appears to have stalled for tens of thousands of borrowers under a key debt relief program. And advocates are getting worried.
The Biden administration had approved more than 700,000 borrowers for student debt cancellation and other benefits, including refunds of prior payments and corrected credit reporting. The approvals were enacted using group discharge authority for borrowers who were…
Keke Palmer is opening up about her child star past — and her once-dire financial straits.
The “Nope” actor became her family’s breadwinner while still a young girl. And though that Hollywood gambit ultimately paid off, Palmer recently revealed she’d declared bankruptcy at 18 years of age.
“I was so spooked,” she admitted at the Building Wealth Today for Tomorrow financial literacy event in Chicago, per Afrotech. “I was like, ‘What went wrong?’”
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DMCC Speciality Chemicals, a microcap company in the chemicals industry, has received a ‘Hold’ rating from MarketsMojo due to its strong ability to service debt and positive financial results. However, the company has shown poor long-term growth and an expensive valuation. Domestic mutual funds hold only 0.02% of the company, indicating caution for potential investors.
President and founder of Nicholas Wealth Management David Nicholas says the U.S. consumer is ‘singlehandedly carrying the global economy on its back’ in spite of inflation on ‘Varney & Co.’
The Container Store rapidly gained fame through the success of Netflix’s “Tidying Up” series. Today, it could be the next big retailer to go bankrupt.
The retail chain, which offers a range of custom spaces, organizational solutions and in-home services, is contending with a weaker housing market and a growing availability of cheaper alternatives.
The company touts itself as the “nation’s only home storage retailer with a solution-oriented approach.” But Eric Snyder, partner at New York City-based Wilk Auslander LLP, told FOX Business that…
KTM’s financial troubles are much worse than many suspected. The company has entered self-administration to undergo a restructuring process in an attempt to stave off bankruptcy. Is a total collapse of one of the world’s leading motorcycle manufacturers near?
It was only a week ago that I covered the financial insecurities surrounding KTM and its parent company Perier Mobility but things have already deteriorated further as KTM takes drastic measures to stay afloat.
Back in October, KTM’s board of directors was cut from six to two members, hundreds of employees were laid off and a planned production halt was announced at KTM’s Mattighofen plant in Austria. As the brand’s money problems are laid bare, its liabilities are though…
