A Victorian fashion company has become the latest casualty in Australias struggling retail sector after collapsing into liquidation. Last Tuesday, Melbourne-based retailer Nobody Denim went into voluntary liquidation. Nobody Denim supplied its apparel to The Iconic, David Jones and more than 100 other operators across Australia and New Zealand. The business reportedly made $5.6 million…
Former trustees should act fast to preserve the status quo 6 min read A recent New South Wales Court of Appeal judgment has resolved a difficult question concerning the law of corporate trustees, and serves as a practical reminder of the difficulties faced, in particular, by insolvency practitioners appointed to insolvent former trustees. In this…
Companies Mckesson Corp Follow Rite Aid Corp Follow NEW YORK, Oct 17 (Reuters) – Pharmacy chain Rite Aid has settled a critical dispute with drug supplier McKesson Corp (MCK.N) to ensure that customers’ prescriptions will continue to be filled during Rite Aid’s bankruptcy, attorneys said on Tuesday. Rite Aid, which filed for Chapter 11 bankruptcy…
LAS VEGAS (AP) A Las Vegas police officer was sentenced Tuesday to 12 years in federal prison for stealing nearly $165,000 in a trio of casino heists, including one in which he was found guilty of brandishing a department-issued weapon. Caleb Rogers, who has been on unpaid suspension in a solo jail cell since his…
Johnson & Johnson MedTech is restructuring its DePuy Synthes orthopedic business, executives said today on a quarterly earnings call with investors. J&J (NYSE: JNJ) + CFO Joe Wolk said the two-year restructuring program will take the orthopedics unit out of less profitable markets and product lines to improve the segments profitability after it reported 2.6%…
Open this photo in gallery: The company logo for Johnson & Johnson at the New York Stock Exchange, on Sept. 17, 2019.BRENDAN MCDERMID/Reuters Johnson & Johnson JNJ-N on Tuesday said it has embarked on a two-year restructuring program for its orthopedic business after third-quarter medical devices sales fell short of Wall Street expectations, reflecting the…
Listen to the article 5 min This audio is auto-generated. Please let us know if you have feedback. By the numbers Q3 sales: $21.35 billion 6.8% increase year-over-year Net income: $4.31 billion Flat year-over-year Medtech sales: $7.46 billion 10% increase year-over-year Orthopaedics restructuring Johnson & Johnson announced it will restructure its orthopedics business, with plans…
Tattered Cover Book Store, one of the countrys largest and best-known independent bookstores, filed for reorganization under Chapter 11 Subchapter V in the U.S. Bankruptcy Court for the District of Colorado yesterday. According to the Denver Post, documents filed in the bankruptcy court show Tattered Cover was more than $660,000 in the red between January…
Companies Johnson & Johnson Follow Kenvue Inc Follow Novo Nordisk A/S Follow Oct 17 (Reuters) – Johnson & Johnson (JNJ.N) on Tuesday said it has embarked on a two-year restructuring program for its orthopedic business after third-quarter medical devices sales fell short of Wall Street expectations, reflecting the company’s narrowed focus since spinning off its…