Insolvency Guardian Media Centre
Resurgent India files insolvency plea against Future Consumer MSN
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Company behind Lindsey Oil Refinery collapsed owing estimated £1.6bn including huge sum to tax office business-live.co.uk
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Popular mall retailer Claire’s has agreed to sell a portion of its business operations to Ames Watson, pausing liquidation amid its recent bankruptcy, according to a court filing obtained by AL.com.
The sale “will allow the Claire’s brand to remain a prominent retailer for teens, tweens, and young girls around the world,” the court filing, which was made on August 20, states. Claire’s, which specializes in tween accessories, announced its filing for bankruptcy for a second time in a seven-year span earlier this month. The company will now pause the liquidation of nearly 1,000 stores, though 13 locations, as well as Icing, another brand owned by the company, will still close.
“As we continue through our restructuring…
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Claire’s finds buyer, pauses liquidation sales at most Phoenix stores The Business Journals
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REVEALED: Liquidator appointments for businesses in the Cairns council area for August 26 Cairns Post
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Popular mall retailer Claire’s has agreed to sell a portion of its business operations to Ames Watson, pausing liquidation amid its recent bankruptcy, according to a court filing obtained by AL.com.
The sale “will allow the Claire’s brand to remain a prominent retailer for teens, tweens, and young girls around the world,” the court filing, which was made on August 20, states. Claire’s, which specializes in tween accessories, announced its filing for bankruptcy for a second time in a seven-year span earlier this month. The company will now pause the liquidation of nearly 1,000 stores, though 13 locations, as well as Icing, another brand owned by the company, will still close.
“As we continue through our restructuring…
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Merchandise specialise Print.Inc Group has gone into voluntary liquidation leaving a seven-figure shortfall.
Filings by director and majority shareholder William Hodson state that on 18 August a special resolution that the firm would be wound up voluntarily was passed, with Roderick Butcher of Butcher Woods appointed as liquidator of Print.Inc Group Limited on the same date.
Leeds-based Print.Inc was formed three years ago after the pre-pack sale of Awesome Merchandise’s assets and IP. The deal was funded by Hodson, who is the father of Awesome Merchandise’s original founder Luke Hodson.
Luke Hodson left Print.Inc in 2023.
Print.Inc offered an array of customised printed and embroidered…
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A specialist in litigation and dispute resolution has warned that Poundland could ultimately wind up in insolvency proceedings despite its rescue deal.
Poundland narrowly avoided administration after the High Court approved a major restructuring plan, but the discount chain has confirmed several stores across the country – as well as its online store and customer loyalty app – will be shut down as part of the shake-up.
The rescue package will inject up to £60m into the retailer, alongside a new £30m overdraft facility and extended loan repayment deadlines.
It comes just days before the business was set to run out of cash and was set to be placed into administration, and also follows the closure of dozens of its UK…
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A specialist in litigation and dispute resolution has warned that Poundland could ultimately wind up in insolvency proceedings despite its rescue deal.
Poundland narrowly avoided administration after the High Court approved a major restructuring plan, but the discount chain has confirmed several stores across the country – as well as its online store and customer loyalty app – will be shut down as part of the shake-up.
The rescue package will inject up to £60m into the retailer, alongside a new £30m overdraft facility and extended loan repayment deadlines.
It comes just days before the business was set to run out of cash and was set to be placed into administration, and also follows the closure of dozens of its UK…
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Cell C announced that it has achieved profitability for the financial year ending May 31, 2025, marking a significant turnaround in its financial performance. The news was revealed in the annual results released by its owner, Blue Label Telecoms. While the mobile operator reported a net profit after tax of R2.2 billion, it remains technically insolvent.
Read: Google announces Pixel Watch 4 with larger display and new health features
Cell C stated that its improved performance is a direct result of its ongoing transformation strategy, which focuses on a “capex-light” model and strategic partnerships. The company highlighted several key growth metrics for the 2024/25 financial year:
- Net revenue…
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Contracting company KDR Venlo has been declared bankrupt. Local Limburg media report that creditors filed for the bankruptcy of the business, which employed two people. The company was active in greenhouse roof cleaning, both in the Netherlands and abroad.
KDR Venlo B.V. has operated under this name since January 1, 2017, previously known as Loonbedrijf Steegh B.V.
Mr. J.P. Bakkers from Venlo has been appointed as trustee. The Limburg Court officially declared the bankruptcy on August 19.