(Bloomberg) — The type of securities blamed for triggering a credit crisis in the U.S. a decade ago could now be part of the solution in Canada, where a cooling housing market is a key risk to its $1.7 trillion economy. The Bank of Canada is discussing ways to encourage a more robust market for…
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…
State-owned lender Bank of Baroda (BoB) has declared Vijay Goverdhandas Kalantri, chairman and managing director of Dighi Port, as a “wilful defaulter” for not repaying his loans, suggested media report. The leading industrialist Vijay Goverdhandas Kalantri and his son Vishal Kalantri, director of Dighi Port, owe nearly Rs 3,334 crore to a consortium of 16…
In continuation of our earlier communication dated 31 May, 2019 regarding outcome of first meeting of CoC, we wish to inform you that the e-voting for the resolutions put to vote at the first meeting of the CoC of the Company commenced at 3 June, 2019, at 5:00 p.m. and concluded on 4 June, 2019…
This is to inform you that in accordance with the applicable provisions of the Insolvency and Bankruptcy Board of India (Insolvency Resolution Process for Corporate Persons) Regulations, 2016 (CIRP Regulations), the Second Meeting of the Committee of Creditors of TAYO Rolls Limited (the Company / the Corporate Debtor), will be held on Thursday, 6th June,…
NEW YORK–(BUSINESS WIRE)–CohnReznick LLP, one of the leading advisory, assurance, and tax firms in the United States, has announced the addition of four partners and principals to its Restructuring & Dispute Resolution practice. Cynthia Romano, CTP, Principal, will join Kevin Clancy in co-leading the practice, collectively responsible for strategic growth, client relations, marketing, and talent…
Forever 21 is exploring a restructuring deal to turn around its business, Bloomberg reported, citing people familiar with the matter. Forever 21 is a private company and does not release financials. However, in recent years the teen-focused chain has shown signs of struggle, especially in its international locations, where it has closed several stores. A…