Fashion retailer Cue is set to become the first major bricks and mortar retailer in the country to offer free three-hour delivery throughout Australia, as more and more retailers are forced to invest in innovative logistics solutions to compete with online shopping giants.
The move by Cue comes on the back of a better than expected Christmas and New Year shopping period for many retailers, which felt minimal impact from the launch of US online giant Amazon.
Cue chief information officer Shane Lenton said the women’s wear brand had a good back end to the holiday season and trading was consistent with previous years’ performances, despite not “breaking any records”.
The retailer, which also owns the Veronika Maine brand, will …
Read the full article at: http://www.afr.com/technology/cue-launches-threehour-delivery-as-local-retailers-take-the-fight-to-amazon-20180108-h0exjc
The Times
Once lawyers get hold of a system there will inevitably be unnecessary delays and expenses
The new personal insolvency system had some spectacular successes last year. It was set up to deal with unsustainable personal debt in Ireland, which in the main means mortgage debt, particularly on family homes.
To achieve a balance of interests, any proposed deal must be voted on. As the mortgage bank almost always has the lions share of the debt, they also have the lions share of the vote. This became known as the bank veto where a bank can simply reject any proposal made.
To counter this, the government introduced laws that have now begun to make a difference. Under the new laws, where a bank vetoes …
Read the full article at: https://www.thetimes.co.uk/edition/ireland/personal-insolvency-shows-banks-how-to-work-for-common-good-p0g3c6prb
Macau VIP gross gaming revenue (GGR) growth has slowed since mid-December, says a Monday memo from investment bank Credit Suisse AG, noting that the high roller trade typically accounts for 30 percent of casino operator earnings before interest, taxation, depreciation and amortisation (EBITDA).
Suncity has seen volume g…
Read the full article at: https://www.ggrasia.com/macau-vip-ggr-slower-since-december-credit-suisse/
Shares in Altice NV rose sharply on Tuesday morning following an announcement late on Monday of a wide-ranging organisational shake-up and restructuring of the struggling global telecoms group.
Altices shares rose over 10 per cent in early trading as the market welcomed the news that it will spin off its US business and restructure its European operations.
Altices shares have almost halved in the past three months over investor concerns about its 51bn mountain of debt and uncertainty around whether founder Patrick Drahi can deliver on a business model built on borrowing heavily to acquire new businesses, aggressively slashing costs and then delivering a…
Read the full article at: https://www.ft.com/content/68aea017-ad2f-3d66-8dae-4322c5c7fce5
Austin ISD serves about 80,000 meals a day, including about 700 to students who are far enough behind in paying for their lunches that they receive a courtesy meal that the district absorbs into its operating costs. Ralph Barrera/AMERICAN-STATESMAN
Students who cant pay for their lunch has always been an issue, but its on Americans minds as school funding and other assistance programs are cut. In the Austin school district alone, the nutrition and food services department serves 80,000 meals per day, including about 700 meals that the students receiving them cant pay for.
Read the full article at: http://food.blog.austin360.com/2018/01/08/a-new-year-a-new-need-for-donations-to-help-pay-off-school-lunch-debt/
By Varun Marwah & Zacarias Kanjirath Joseph
Introduction
In yet another landmark judgment for the bankruptcy regime in India, the Bombay High Court has ruled that an Application under the Insolvency and Bankruptcy Code, 2016 (IBC) may be made even in cases where a Winding-Up petition has been admitted by a Company Court. Such an Application under the IBC, would not be permitted, only in the event that a final order of Winding-Up is passed under Section 481 of the Companies Act, 1956.
The corporate debtor in this case, PSL Limited (PSL), filed an application with the Bombay High Court, seeking the recall of an earlier order passed on 19 July, 2017, which prohibited the NCLT, Ahmedabad Bench, from proceeding with an insolvency appli…
Read the full article at: https://barandbench.com/bombay-hc-starts-race-between-windingup-insolvency/
The Reserve Bank of India on Monday knocked on the doors of the Supreme Court (SC) with a plea to start insolvency proceedings against infrastructure major Jaiprakash Associates Ltd (JAL). The firm has been embroiled in a Rs 29,000 crore debt case. According to a report in Moneycontrol.com, more than 25,000 people who had bought homes constructed by Jaypee Infratech Ltd (JIL) have opposed the parent companys move as they fear that they might not get refunds.
Jaypee Infratech is a subsidiary company of JP Associates. The company has been asked to deposit Rs 2,000 crore with the registry of the apex court. The home buyers fear that once the insolvency proceedings begin, who will deposit the money in court and ref…
Read the full article at: http://www.firstpost.com/business/jaypee-infratech-debt-case-rbi-files-plea-in-sc-to-start-insolvency-proceedings-against-jp-associates-4294407.html
Textile company E. Miroglio to start production in Serbia’s Pirot in 2018 – VIDEO
Edoardo Miroglio headquarters in Sliven, Bulgaria; Source: Edoardo Miroglio
BELGRADE (Serbia), January 8 (SeeNews) – Bulgarian-based textile company Edoardo Miroglio plans to start production in Pirot, in eastern Serbia, in 2018, the mayor of Pirot said.
Edoardo Miroglio is expected to start production activities at the AHA Mura Prvi Maj factory in Pirot this year, Vladan Vasic said, as quoted in a statement by the Pirot municipality last week.
Serbian media reported in October that Edoardo Miroglio ac…
Read the full article at: https://seenews.com/news/textile-company-e-miroglio-to-start-production-in-serbias-pirot-in-2018-video-596932
Omega Sibanda
Petros Kausiyo and Eddie Chikamhi
ZIFA are confident they will stage smooth elections this year, with the soccer mother body insisting yesterday that they would be guided by their constitution as they take steps to hold the polls. The association will outline the elections roadmap after their annual meeting slated for February 17 in Harare where congress is expected to ratify the new electoral committee that will be tasked to oversee the election season.
ZIFA, through vice president Omega Sibanda and board member finance Philemon Machana, yesterday set the tone for activities that will characterise their 2018 calendar of events which will culminate in elections for the board. Machana and Sibanda addressed the media in the capi…
Read the full article at: http://www.herald.co.zw/zifa-to-hold-elections-end-of-the-year/
Jan 09, 2018, 09.47 AM IST
The employees had presented a resolution plan which provides higher payback to lenders (Rs .500 crore) as against Rs 350 crore liquidation value.
Mumbai: The National Company Law Tribunal has sought Gujarat NRE Coke‘s employee details as it is expected to deliver on Tuesday its final order on the company’s liquidation, with no concrete pl…
Read the full article at: https://economictimes.indiatimes.com/markets/stocks/news/nclt-to-deliver-final-order-on-nre-cokes-liquidation-today/articleshow/62424471.cms
ICONIC Australian footwear, clothing and accessories label Diana Ferrari will close all bricks-and-mortar stores within months.
In a statement to shoppers, the company announced the brands 23 retail boutiques and 11 clearance outlets will all shut down in the coming months.
The label will continue to maintain an online presence.
All Diana Ferrari stores will be closed over the coming months, but our fabulous footwear will continue to be available through our online stores, Mathers, Williams, wholesale stockists and major department stores, the statement read.
We truly appreciate and thank all our loyal clothing customers over the last 17 years.
Diana Ferrari stores in Woden in the ACT and Chatswood, Penrith and Hornsby in NSW will shut down o…
Read the full article at: http://www.news.com.au/finance/business/diana-ferrari-has-become-the-latest-victim-of-australias-struggling-retail-climate/news-story/57a1b9c5ef359f2e394921cffb1f62a2