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Womens apparel chain Charlotte Russe will close all of its remaining stores as it becomes the latest victim of the retail apocalypse.
The company says the shutdown of 416 locations will occur during the next two months. Going out of business sales will begin immediately in stores across 44 states and Puerto Rico.
Charlotte Russe had hoped to stay in business, filing for Chapter 11 bankruptcy last month and closed 94 locations. However, a liquidation firm called SB360 Capital Partners won the bankruptcy auction for its assets and inventory and decided to close the stores.
The company will accept gift cards through March 21, and all stores will be closed by the end…
Leaving a 16-year legacy of delivering door-to-door fundraising for a number of charities behind, HOME Fundraising announced that it was entering voluntary administration.
The agency was forced to call in accountancy firm HW Fisher & Company to handle the administration process, with the administrators actively looking for buyers to take on all parts of the business and its assets.
Joint managing director of HOME, Dominic Will, believed that the reason the business went into administration as due to the rising costs of downscaling the business in order to maintain flexibility in a rapidly evolving marketplace.
He said: Its been an extremely difficult time for fundraising agencies in the recen…
SETL, an enterprise blockchain platform that builds a solution for financial institutions, has declared itself insolvent and its now looking for a formidable acquisitor.
Per sources close to the matter, the firm has made it clear that it needs a buyer to take over its operations since it no longer has the capital required to continue doing business.
Established in 2015 by former CEO of the alternative European stock exchange Chi-X, Francois Barthelemy, and Anthony Culligan, creator o…
MUMBAI: Liquidation cases are likely to rise as resolution plans fail to give a reasonable valuation, said bankers at the Mint India Investment Summit. They also said liquidation numbers are high due to legacy issues.
If we really look into the number of liquidation orders, the ratio is 1:4. Partly, we need to understand these figures in the right perspective, because many of these were old Board for Industrial and Financial Reconstruction (BIFR) cases. When Sick Industrial Companies (Special Provisions) Act (SICA) was removed and all the BIFR cases were told to go to National Company Law Tribunal (NCLT), they were given a six-month window. Many of those 300-400 cases came into liquidation stage,” said R.K. Bansal, chief executive offi…
The former general manager of Napoleon Perdis Cosmetics will make an application to the Federal Court for leave to continue with his claim for nearly $100,000 in payments.
Because Napoleon Perdis Cosmetics Pty Ltd has gone into voluntary administration, his lawyer says the Federal Court needs to approve the interlocatory application for the proceedings to continue, absent of written consent from administrators. The application is listed for hearing on Friday.
Giovanni (John) Rosiello.Credit:Louise Kennerley
Giovanni (John) Rosiello is suing his former employer for nearly $100,000 in unpaid bonuses and other outstanding contractual payments.
My family and I are extremely distressed that weve been forced to fight for so long for what is rightf…
The former general manager of Napoleon Perdis Cosmetics will make an application to the Federal Court for leave to continue with his claim for nearly $100,000 in payments.
Because Napoleon Perdis Cosmetics Pty Ltd has gone into voluntary administration, his lawyer says the Federal Court needs to approve the interlocatory application for the proceedings to continue, absent of written consent from administrators. The application is listed for hearing on Friday.
Giovanni (John) Rosiello.Credit:Louise Kennerley
Giovanni (John) Rosiello is suing his former employer for nearly $100,000 in unpaid bonuses and other outstanding contractual payments.
My family and I are extremely distressed that weve been forced to fight for so long for what is rightf…
ON national television on Monday night, Theresa May stated that the dreadful rise in knife crime was not related to huge reduction in police officers in this country. To paraphrase Mandy Rice-Davis during the Profumo scandal, she would say that, wouldnt she?
She was the hugely unpopular Home Secretary (within the Police Service) who started the cutbacks when all forces were asking for increases.
Those cutbacks have continued at a rate and we are served by a police service which is understaffed, underequipped and under great pressure.
Of course, if the police are not out on the streets, less checks will be made and fewer knife crimes i.e. carrying an offensive weapon, will b…
Women are leading the way in about 30% of the deals in ImpactAlpha. Lets give an International Womens Day shout-out to the women who, pardon the expression, get shit done. Announcements for the increasing number of women-focused and women-led impact investing and venture funds invariably include the fact that only 2% of U.S. venture capital funding goes to female founders. That represents some kind of market failure, given that startups founded by women generate more revenues than those founded by men and that VC returns improve as the ratio of investments in women-led firms rises. So, in time for tomorrows celebration of womens progress, we looked back through ImpactAlphas own d…
We would like to inform you that 22nd meeting of Committee of Creditors of ABG Shipyard Limited was held on Friday, 01st March 2019, at 02.30 P.M. IST at Mayfair Banquets, 254-C Dr. Annie Besant Road, Shivaji Nagar, Worli, Mumbai-400 030, Maharashtra.
Facing more than $80,000 in student loan debt, Tiffany Tatafu did what thousands of other student loan borrowers do: She searched for answers on her phone.
The single mother of two had heard that as a public employee, she could be eligible for student loan forgiveness. Shed landed job as a student support coordinator at Arizona State University after earning a ma…
Pauline Muldowney, more commonly known as Pauline Gopee, was disqualified for 12 years on 7 December 2018 at the High Court of Justice.
The court heard that Pauline Muldowney was the sole formally appointed director of Pangold Investments Limited in March 2016 and just over a year later on 27 April 2017, a winding-up order was made against Pangold Investments.
Yet just four days before the company was going to be shut down by the courts, Pauline Muldowney caused Pangold Investments on 23 April 2017 to transfer property assets, with an estimated value of more than 2.5 million, to her father-in-law Dharam Prakash Gopee for just 1.
However, not only was Dharam Gopee a disqualified director, the transfer also breached a restraint …
AT&T Inc is going to restructure
its WarnerMedia business, according to an internal memo to employees on Monday
seen by Reuters, as it is lining up to challenge the Walt Disney Co and Netflix
Inc at streaming video services.
AT&T restructuring began with
resignation of two top executives leaving, as Richard Plepler, HBOs head and
David Levy, both left the company at start of this month, but there will
possibly another round of more layoffs and cost cutting plans the company will
be going through as part of its
restructuring strategy.
Last week AT&T finally got
clearance for its $85 billion deal to acquire Time Warner when an appeal court
ruled in favor of the company in a case challenging the deal and now AT&T
is more focusi…
