Make-up artist Napoleon Perdis has lost control of the cosmetics empire he founded 25 years ago, with administrators announcing a sale of the business to an Australian investment firm. Worrells, the insolvency firm which was put into Napoleon Perdis Cosmetics in January, said the sale to KUBA Investments would save 250 jobs and the Perdis…
STAFF at troubled farm business Ceres Agricultural Companyhave been told to expect significant job losses after the company was placed in voluntary administration with advisory groupGrant Thornton. In an internal memo sent to all staff from owner Garrick Hawkins on Thursday, staff were told the current business was unsustainable and Ceres would be closed. It…
Gambling is becoming legal in more states and in different ways as of late. With online betting and the rising popularity of fantasy sports and sports betting, there are more ways than ever to wager. Many people consider gambling ill-advised or even sinful. In some of the most religious states gambling is outlawed in some…
Dear Moneyist, I am engaged to a money monster. She just got rid of her old debts, but now has new debt and its growing. Weve been together seven years and engaged for four years. After getting engaged I found out about her debt, bad FICO score ……
Philip Green is trying to quietly vacate one in 10 of his high-street stores before launching a controversial restructuring of his Arcadia fashion empire. The embattled billionaire is working on a plan that will enable his retail group, which includes Topshop and Dorothy Perkins, to close its worst-performing outlets and slash rent costs. On Thursday,…
(Reuters) – J. Crew Group Inc has tapped restructuring lawyers for the second time in as many years to explore options for reworking its debt, as the U.S. clothing chain struggles with falling sales and a dwindling cash pile, people familiar with the matter said on Thursday. The companys decision to seek help with…
Debenhams has cleared a hurdle in its attempt to push through a crucial restructuring plan, dealing a blow to a potential bid for the struggling retailer by Sports Direct chief executive Mike Ashley. The department store chain said it had secured the support of a majority of its bondholders for a series of technical changes…
By Christine Lagarde, IMF Managing DirectorBanque de France, Paris March 28, 2019 As Prepared for Delivery Introduction Mesdames et Messieurs bonjour. I would like to thank Governor Villeroy de Galhau for the…
A separated Limerick couple had almost 3 million worth of debt written off for a payment of 2,000 in a personal insolvency arrangement signed off by the High Court this week. The couple owed the bulk of the unsecured debt to Bank of Ireland arising from a failed hotel and newsagents business. They also owed…
Seiki Australia has been placed into liquidation with questions now being asked about warranty claims on Seiki TVs following the Companies collapse which took place in 2017. At a recent general meeting of the Company it was resolved that the entity be wound up and that Daniel Jean Civil be appointed liquidators in Australia. The…