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Food redistribution platform Yume Food has been placed in liquidation, with the 10-year-old social impact startup and its assets being put on the market.

Founder Katy Barfield and the Yume board handed the keys to Teneo Financial Advisory Australia as liquidators on November 18.

Yume’s digital trading platform generates additional revenue for food manufacturers by selling surplus products, and also streamlines donating unsold food to relief organisations. Its corporate clients include FMCG giants Mars, Unilever, Kellanova and General Mills.

Barfield founded her social enterprise in 2015 to reduce…

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The collapse of Hudson’s Bay has moved from store closures to court hearings meant to decide the fate of the fallen retailer’s assets, which include leases, artifacts and art, and its royal charter.

Here’s a timeline detailing at how Canada’s oldest company is winding down:

March 7, 2025: HBC files for creditor protection with the Ontario Superior Court.

March 23, 2025: B.C. mall owner Ruby Liu says she wants to buy HBC trademarks and properties.

March 24, 2025: HBC begins liquidating all but six stores.

April 24, 2025: HBC gets court permission to begin exploring an auction of its royal charter and 4,400 pieces of art and artifacts.

April 25, 2025: HBC begins liquidating its remaining six stores.

May 15, 2025: HBC announces Canadian…

The insolvency firm FTI Consulting was appointed yesterday with John Park, Kate Warwick and Kelly Trenfield acting as joint and several administrators.

John Park, head of Australia corporate finance and restructuring said, “The business is trading as usual as much as possible while the Administrators undertake an urgent assessment of the company’s operations, and have commenced a sales process and/or recapitalisation of the Group.”

Secrets Shhh has had a topsy-turvy history.

The vertical integrated retailer was launched in 2000 specialising in diamond simulant – cubic zirconia – jewellery.

The…

Dive Brief:

• Biotechnology venture firm Apple Tree Partners has filed for bankruptcy to implement a restructuring plan that will ensure its startup companies continue to be funded.
• The bankruptcy filing announced Wednesday comes amid a months-long dispute between ATP and its primary backers, a pair of entities associated with Russian billionaire Dmitry Rybolovlev. The venture firm sued those entities, Rigmora Biotech Investor One and Two, in Delaware Chancery Court earlier this year, alleging they were withholding funds promised to its startups. A Chancery court recently sided with the firm and ordered its backer to pay up about $97 million.
• Rigmora counter-sued in the Cayman…