Arcadia Group, the retail empire owned by UK billionaire Philip Green, said a decisive vote over the fate of the business has been delayed until later this month in order to allow further discussions with some of its creditors. The company behind brands such as Topshop and Dorothy Perkins had been hoping its landlords would…
Ms Soutsakhorn Chanthabouly (known as Nicole Khammenathy) of Carnes Hill, NSW, has been convicted and sentenced after pleading guilty to charges related to illegal phoenix activity. She was a shadow director of MK Asbestos Removal Pty Ltd ACN 142 918 590, which operated a business of asbestos removal services in New South Wales. Ms Chanthabouly…
ATLANTIC CITY, N.J. (AP) The tagline makes the solution sound so simple: Gamble responsibly. Its anything but for those who struggle with compulsive gambling. Instead, the footnote caps a powerful new temptation as ads for sports betting emerge in states that have recently legalized an activity once banned in most of the United States. Sharon,…
Sir Philip Greens Arcadia group has delayed a crunch vote on its restructuring plans, as the retailer remains locked in negotiations with landlords. The company said on Wednesday that it would adjourn a meeting of suppliers, landlords and other creditors voting on seven company voluntary arrangements (CVAs) until June 12. It said this would give…
Corporate rescue and restructuring specialist Quantuma has appointed Duncan Beat as a Partner to its Chelmsford and London offices. Beat arrives at the consultancy after three decades in the industry, including almost 20 years with Baker Tilly. Founded in 2013, Quantuma has grown to become a 20 million practice employing 170 staff. Headquartered in London,…
Dutch cryptocurrency exchange Blockport declared bankrupt, goes into stealth mode Blockport, an Amsterdam-based cryptocurrency exchange, has been declared bankrupt shortly after its security token offering (STO) failed to hit the soft cap of 1 million (around $1.13 million), The Next Web reported citing the companys bankruptcy records. The records show that exchange operator Blockport BV…
A deadline for bids for the stricken British Steel has been pushed back to the end of the month to allow prospective buyers more time to prepare offers, according to people briefed on the matter. The official receiver overseeing the liquidation of the UKs second-largest steelmaker had originally called for bids to be made by…
A US bankruptcy court has given former Heinz chief executive, Sir Anthony OReilly, and his former personal nurse, Sabina Vidunas, until next Tuesday June 11th to come up with a way forward through mediation, in proceedings taken by Sir Anthony to have his Bahamas insolvency recognised in the US. Sir Anthony, who was declared bankrupt…
Whether youre visiting the world famous casinos in Las Vegas or trying your luck online with the casinos listed at Zamsino, the point of gambling is entertainment. But because playing casino games and gambling with real money can bring you so much joy, its easy to get carried away. Weve compiled a list of several…
Forever 21 is reportedly considering teaming up with a private-equity firm to finance a large-scale restructuring plan. Though the retailer has long been a favourite among teen shoppers, its lost its footing amid rising competition from other low-priced apparel stores and trendy e-commerce companies. We shopped at a Forever 21 store to see why the…