The company behind the popular baby sling brand, Hug-a-Bub, has collapsed into voluntary administration. Hug-a-bub Australia Pty Ltd, which was incorporated in 2001, has temporarily ceased trading and is not currently taking orders, after appointing Brendan Nixon of Stanley Morgan Accountants as voluntary administrator on June 13. The New South Wales-based company, which was founded…
Comments (0) BARNSTAPLE is to lose its BHS store after the company announced it was going into liquidation. It brings to an end a turbulent few months for staff at the Green Lanes store, who have been left in limbo after the company went into administration in April. Philip Duffy and Benjamin Wiles, managing directors of…
16 June 2016 Lara Bullock View Comments A partner from Australian law firm Henry Davis York has been appointed to the board of the International Insolvency Institute (III). Corporate insolvency and restructuring lawyer John Martin (pictured) is now a board member for the non-profit, invitation-only, global association. The III is dedicated to improving international…
Shutterstock / Olivier Le Queinec It’s called FOMO; the Fear Of Missing Out. It’s the number one reason you think you have to buy a home right now. And guess what: the real estate agents know it. They talk about building equity, and tell you about clients who sold at prices way above asking, with…
James Hurley, Enterprise Editor The Cambridge-based business raised £967,130 on Crowdcube A solar business that raised £1 million from almost 400 individual investors through crowdfunding less than 18 months ago has collapsed into insolvency. In one of the largest failures of a crowdfunded business in the UK, administrators have been appointed at Solar Cloth Company.…
Areva, one of the French companies at the heart of the controversial Hinkley Point C nuclear project, has unveiled plans to break itself up into three parts in a bid to stem huge losses. The 87% state-owned atomic engineering and uranium mining company is hoping to raise 9bn (£7bn) from the government and from selling…
Areva SA, Frances state-controlled nuclear energy company, announced its restructuring plans Wednesday, which will see it split into three smaller companies and raise about 8 billion euros (about $9 billion) in fresh capital. The company, which has made losses for the last five years, will also sell its non-core businesses to raise some of the…
David Rowe Gaming billionaire James Packer plans to unlock up to $4.5 billion in shareholder value and turbo-charge the Crown Resorts dividend yield with a blockbuster restructuring package that will blow away his critics. In one fell swoop, Packer will put an end to suggestions that he has lost interest in his Australian gaming business,…
By Reuters Published: 16:51 EST, 15 June 2016 | Updated: 16:51 EST, 15 June 2016 SOFIA, June 15 (Reuters) – These are some of the main stories in Bulgarian newspapers on Wednesday. Reuters has not verified these stories and does not vouch for their accuracy. — Bulgaria’s rhythmic gymnastics athlete Tsvetelina Stoyanova, member of the…
WASHINGTON (AP) The Supreme Court ruled Monday that Puerto Rico cant restructure more than $20 billion in public debt as it tries to overcome a decade-long economic crisis. The 5-2 ruling said that federal bankruptcy law bars Puerto Rico from enacting its own law to restructure the debt of its financially ailing public utilities. The…