Lakshmi Mittal Aurelien Meunier / Getty Images The higher you climb, the further you have to fall, as the saying goes. Pramod Mittal, the 64-year-old brother of Lakshmi Mittal, the head of Arcelor Mittal steel, and 19th richest man in the UK, has been declared bankrupt with debts of 130 million, according to reports in…
Iconic Australian bikini brand Seafolly has gone into administration, citing the crippling financial toll COVID-19 has taken on the retail sector. The women’s beachwear fashion brand has been operating since 1975 and boasts 44 stores in Australia and 12 stores overseas. At one point it was largely considered to be the most well-known swimwear brand…
Wabinas lawyers Ong Yu Shin and Soon Ley Theng outside the courtroom at the High Court in George Town today. GEORGE TOWN: The High Court here today allowed a judicial review of a ministers order on the federal gazette allowing companies to repay their debts in six months instead of 21 days during the movement…