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Considering mounting commercial and financial challenges facing businesses across the country causing failure, the Business Recovery and Insolvency Practitioners Association
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It looks like there’s a revival coming for Fenton & Fenton. The eclectic Melbourne-based interiors label – which went into liquidation in early August – has been acquired by the Berkowitz Furniture group and is set to resume trading before the end of the year.
Under the deal, founder Lucy Fenton will stay on as creative director while the new parent company takes over long-term strategy and management processes, according to a statement released today.
“This has been an extremely challenging time for the business, our customers, staff and suppliers and I am pleased to have found a solution that enables us to continue Fenton & Fenton into the next chapter,” Fenton says.
“This new partnership gives us the confidence to plan for…
First Brands, an automotive parts producer that recently launched a Chapter 11 case with more than $10 billion of debt, has said it launched an investigation into transactions the company entered…
Considering mounting commercial and financial challenges facing businesses across the country causing failure, the Business Recovery and Insolvency Practitioners Association of Nigeria (BRIPAN) has called for the deepening of insolvency tools.
The association made this known in Lagos at a two-day conference, themed: ‘Deepening Insolvency Tools for Resolving Commercial and Financial Challenges of Businesses’, which brought together practitioners, judicial officers, financial experts and business leaders from across Nigeria and around the world.
Speaking at the conference, BRIPAN’s President, Chimezie Ihekweazu, said businesses globally were grappling with “dynamic economic pressures, geopolitical uncertainties,…
A rise in gas and electricity prices has prompted energy suppliers to call for “enduring” targeted support for those in financial difficulty.
Energy costs are up 2% from Wednesday for millions of people in England, Wales and Scotland as regulator Ofgem’s latest price cap come into effect.
Campaigners say many will struggle with another winter of relatively high bills, with a record £4.4bn owed to suppliers by their customers, recent official figures reveal.
The government said it was taking “urgent action” to support vulnerable families this winter.
After more than a hundred years of trading is it all over for German crane and aerial lift sales and rental company Hüffermann Krandienst?
According to local reports, the long established company filed for insolvency last Tuesday, September the 23rd. This was confirmed by an announcement from the Delmenhorst District Court under the file number 12 IN 135/25. Bremen attorney Tim Beyer from the Hamburg law firm Görg was appointed as provisional insolvency administrator.
Hüffermann promptly responded to an inquiry from Vertikal.net, sadly confirming the facts but emphasised that it was business as usual and that it would continue to operate virtually unchanged.
An immediate issue for households is the 2% increase that has now taken effect for millions of people in England, Scotland and Wales who are on variable tariffs. Those who have fixed deals will not be affected. The regulator and suppliers say people should investigate whether a fixed tariff saves them money and fits their circumstances.
Ofgem’s cap sets the maximum price that can be charged for each unit of gas and electricity. The increase for October to the end of December means a household using a typical amount of energy will pay £1,755 a year, up £35 a year.
Individual households can calculate their estimated specific change by adding £2 onto every £100 they spent on energy each year.
Former England and Liverpool winger John Barnes has been declared bankrupt.
A bankruptcy order was issued on September 23 by the High Court of Justice after a petition was filed on August 8. The notice was published in the London Gazette.
Barnes’ company, John Barnes Media, received a winding up order in March 2023 and has since been liquidated. Documents published on Companies House in June show bills totalling £1.5million ($2m). The 61-year-old has repaid £60,000 ($80,690).
“Like a lot of elite sportspeople, I got burned because I trusted people, I got caught out a couple of times and ended up losing between £1m and £1.5m over four years,”…
