Insolvency Guardian Media Centre
Mattel has revealed its fourth quarter financial results, in which Barbie and Hot Wheels were by far the companys strongest brands with highest full year gross sales. This also helped to offset the declines in its other brands such as Fisher-Price, Thomas and American Girl.
The company reported a full year net sales of US$4.51 billion and fourth quarter net sales of US$1.52 billion. Out of which, Barbies gross sales in the quarter increased by 12% and 15% in constant currency, compared to the previous year. This was primarily driven by positive point-of-sale (POS) brand momentum, as said in the financial report. Meanwhile, Hot Wheels gross sales for the quarter increased by 9% and 12% in constant currency, compared t…
Read the full article at: https://www.marketing-interactive.com/barbie-and-hot-wheels-pull-mattel-to-success-despite-toys-r-us-liquidation-impact/
Retirement planning
People try to save as much as they can for retirement. However, most find that their efforts often fly out the window without a proper goal and plan.
Creating an achievable long-term retirement plan is absolutely necessary. Likewise, its also important to learn the skills that will enable an individual to grow their retirement nest eggfrom creating a plan to investing and everything in between.
How to save money
Saving money requires a simple strategy that takes the individuals income, expenses, budget and savings goals into consideration. There are many strategies that individuals can employ to save money according to their specific purpose without sacrificing their quality of life. In fact, small changes in their lifest…
Read the full article at: https://www.nestegg.com.au/investing/financial-literacy
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A popular Wendouree clothing outlet will shut its doors after its parent company announced Australia-wide stores would enter voluntary administration in mid-January. The Ed Harry store inside Stockland Wendouree will soon close after clearing its stock, leavingone full-timeand five casualmembers looking fora new job. Parent company KPMGs voluntary administratorBrendan Richards spoke about the nation-wide store closure. Unfortunately, and despite having run a comprehensive sale of business campaign, there have been no viable offers received for the ongoing operations of the Company, he said. Ed Harry Managing Director David Clark also thanked the Ed Harry team in a statement provided toThe Courier. Our hard working Ball…
Read the full article at: https://www.thecourier.com.au/story/5894238/no-viable-offers-means-closing-day-looms-for-wendouree-store/
Three weeks after entering voluntary administration, specialty menswear retailer Ed Harry is closing down for good.
It was the companys only option, according to administrators Brendan Richards and Gayle Dickerson of KPMG, who said they had received no viable offers to purchase the business.
Despite a thorough sale campaign being undertaken, there has been limited interest from the market in the business as a going concern, Richards said.
Remaining stock will be sold and the companys operations will be fully wound down over the next six to eight weeks.
The closure will impact nearly 500 staff who work across 87 stores nationwide and in the head office in Adelaide, South Australia.
Ed Harry is just the latest retailer to end up on the…
Read the full article at: https://www.insideretail.com.au/news/ed-harry-closing-down-for-good-201902
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Company to allow employees to use vacation time to pay student debt
Updated: 1:30 PM CST Feb 7, 2019
Insurance provider Unum has started a new program to help employees deal with student debt.Beginning next year, Unum employees can use paid time off that they carry over to pay part of their student debt.Each employee can carry over up to five days or 40 hours of unused paid time that will be transferred to a program that will pay against student debt.The company said this option is available to any employee in the United St…
Read the full article at: https://www.wdsu.com/article/unum-to-allow-employees-to-use-vacation-time-to-pay-student-debt/26237603
DUBLIN, Ireland, Feb. 07, 2019 (GLOBE NEWSWIRE) — Avadel Pharmaceuticals plc (Nasdaq: AVDL) provided clarification regarding the restructuring actions announced earlier today.
- As part of the restructuring plan, Avadel Specialty Pharmaceuticals, LLC, a special purpose entity and wholly-owned subsidiary responsible solely for NOCTIVA-related activities, made a voluntary filing on February 6, 2019 under Chapter 11 of the United States Bankruptcy Code.Avadel Pharmaceuticals plc and other corporate entities remain solvent and substantially unaffected.
- The restructuring actions do not trigger a default or violate covenants related to the 4.50% Exchangeable Senior Notes due in 2023.
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Read the full article at: https://globenewswire.com/news-release/2019/02/07/1713620/0/en/Avadel-Pharmaceuticals-Clarifies-Announcement-of-Corporate-Restructuring.html
PUBLISHED: 16:22 07 February 2019 | UPDATED: 16:26 07 February 2019
44-ton Enviro-Waste tanker negotiating the Bowbeck crossroads
Two waste management companies, one of which has been running for 27 years, have both collapsed in Ipswich.
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Read the full article at: https://www.eadt.co.uk/business/envirowaste-company-is-liquidated-but-not-go-tankers-ltd-1-5883456
NEW YORK, Feb. 07, 2019 (GLOBE NEWSWIRE) — Levi & Korsinsky, LLP announces that class action lawsuits have commenced on behalf of shareholders of the following publicly-traded companies. Shareholders interested in serving as lead plaintiff have until the deadlines listed to petition the court and further details about the cases can be found at the links provided. There is no cost or obligation to you.
YRC Worldwide Inc. (NASDAQGS: YRCW)
Class Period: March 10, 2014 – December 14, 2018
Lead Plaintiff Deadline: March 4, 2019
Join the action: https://www.zlk.com/pslra-1/yrc-worldwide-inc-loss-form?wire=3
About the lawsuit: During the class period, YRC Worldwide Inc. allegedly made materially false and/or misleading statements and/or f…
Read the full article at: https://globenewswire.com/news-release/2019/02/07/1713733/0/en/CLASS-ACTION-UPDATE-for-YRCW-YRIV-MKL-and-MU-Levi-Korsinsky-LLP-Reminds-Investors-of-Class-Actions-on-Behalf-of-Shareholders.html
Bournemouth brothers Shahab Hashtroudi, Shahin Hashtroudi, and Hedayat Hashtroudi, ran pubs and restaurants in Hampshire, Dorset and Surrey, using the money to prop up their loss-making business empire and fund their lifestyle. Shahab Hashtroudi drove a Porsche and sent his child to private school.
From October 2008 they set up 11 companies, all of which failed leaving huge debts. None of the companies lasted longer than 24 months, with some trading for less than a year. Some failed to pay a single penny in VAT to HMRC, while also failing to pass on the income tax and National Insurance contributions (NICs) of their employees.
Their bookkeeper Tracy Carder, from Poole, enabled the fraud to continue by deceiving HMRC about the companies tru…
Read the full article at: https://www.accountancydaily.co/brothers-jailed-14-years-ps3m-tax-fraud
PUBLISHED: 15:30 07 February 2019 | UPDATED: 16:20 07 February 2019
Morrisons in Gorleston, where Mark James was a senior manager. Photo: Andy Darnell
Archant 2008
A debt-ridden senior manager who worked for M…
Read the full article at: https://www.greatyarmouthmercury.co.uk/news/gorleston-morrisons-senior-manager-mark-james-stole-2-000-from-company-1-5883020
Anima, the parent company that created Kronaby watches, has declared itself insolvent and filed for bankruptcy in its native country of Sweden.
The company is now in the hands of a trustee appointed by the court, and continues to trade. CEO Pl Borge told WatchPro today that they have been working to find a new owner or investors to take the company forward.
The company is continuing to trade, our employees are still coming to work, fulfilling orders from our ecommerce site and speaking to our dealers. We are working hard and trying to find a new investor, he explained.
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Kronaby burst onto the scene in 2017 with a range of connected hybrid watches, although the Anima team first came t…
Read the full article at: https://www.watchpro.com/breaking-news-kronaby-looks-for-new-owner-as-parent-company-files-for-bankruptcy/
- Unum, a Tennessee-based insurance company, is allowing its US employees to exchange unused vacation days for help with student loan payments.
- Unum employees are allotted at least 28 paid vacation days a year; they can forfeit up to five days and receive up to $US250 a month cash toward their student loans.
- An increasing number of companies big and small offer student loan repayment benefits to employees, and research shows employee financial stability is linked to overall well-being and work performance.
Some college graduates are so saddled with student loan debt, they may be willing to give up vacation time to pay it back.
Unum, a Fortune 500 insurance company based in Tennessee, recently …
Read the full article at: https://www.businessinsider.com.au/unum-insurance-trade-vacation-days-student-loan-debt-help-2019-2