Troubled menswear brands Rhodes & Beckett and Herringbone will live to fight another day after a management buyout was secured with support from a Hong Kong-based private equity firm, in a resolution administrators say they are very pleased with. The brands had 140 employees across 29 stores when administrators were appointed in February, when high…
Time Inc. is trying to sell Coastal Living, Sunset and Golf magazines, CEO Rich Batista told Bloomberg in an interview Tuesday. The move comes on the heels of the company cutting its global staff by 300 employees as part of a restructuring plan, just last month. The company embarked on the plan after deciding not…
One of Australia’s largest private training colleges has collapsed, leaving 15,000 students in limbo and plunging 1000 staff into unemployment. The embattled Careers Australia was placed into voluntary administration late on Thursday – six weeks after it was stripped of federal funding due to dismal completion rates and aggressive recruitment practices. Classes have been suspended…
Justice Minister Charlie Flanagan and Chief Justice Susan Denham at the launch of the annual report of the Courts Service at Phoenix House in Dublin yesterday. Photo: Gareth Chaney Surge in personal injuries claims as 22,000 cases hit the courts last year Independent.ie The courts have experienced an explosion in personal injuries claims, new figures…
What law caught out senators Scott Ludlam, Larissa Waters and Matthew Canavan? Section 44 of the Constitution sets out restrictions on who can be a candidate for federal parliament. Five subsections make clear what disqualifies people, but its article one that tripped up the two Greens and government minister Matt Canavan. It rules out anyone with…
Borrowers who default on their student loans are pursued aggressively by the Department of Education and private debt collectors, facing garnished wages, withheld IRS tax returns, and decreased Social Security payments, Reuters reported. We treat struggling student-loan borrowers the same as deadbeat parents and tax cheats, Seth Frotman, a senior member of the Consumer Financial…
Time Inc. is trying to sell Coastal Living, Sunset and Golf magazines, CEO Rich Batista told Bloomberg in an interview Tuesday. The move comes on the heels of the company cutting its global staff by 300 employees as part of a restructuring plan, just last month. The company embarked on the plan after deciding not…
AUSTRALIAN mining and transport group Rivet, the reincarnation of McAleese, has placed a number of businesses into administration just months after their establishment. Australian Road Express and Rivet Mining Services East, which collectively employs more than 200 people across Australia, were put on notice, with receivers McGrathNicol entering on July 17. However, 48 hours after…
Borrowers who default on their student loans are pursued aggressively by the Department of Education and private debt collectors, facing garnished wages, withheld IRS tax returns, and decreased Social Security payments, Reuters reported. “We treat struggling student-loan borrowers the same as deadbeat parents and tax cheats,” Seth Frotman, a senior member of the Consumer Financial…
By: ENS Economic Bureau | New Delhi | Published:July 26, 2017 2:20 am Representational Image The principal bench of the National Company Law Tribunal (NCLT) in New Delhi on Tuesday reserved its order on whether the insolvency proceedings against Era Infra Engineering are maintainable. This is because there are several winding-up petitions against the company…