MILAN (Reuters) – One of the worlds most famous hat makers, Borsalino, whose stylish fedoras and straw panamas are popular with movie stars and celebrities, faces liquidation after a rescue plan was rejected by an Italian court on Monday. A judge in the northern town of Alessandria, where the luxury hat maker was founded 160…
MILAN, Dec 18 (Reuters) – One of the worlds most famous hat makers, Borsalino, whose stylish fedoras and straw panamas are popular with movie stars and celebrities, faces liquidation after a rescue plan was rejected by an Italian court on Monday. A judge in the northern town of Alessandria, where the luxury hat maker was…
A smattering of retail chains closed their doors in another tough year for the industry in 2017, but the demise of Sears Canada seemed to resonate most with Canadians, many of whom grew up devouring its annual holiday wish book and shopping at the department store. The high-profile closure and ensuing controversies helped make Sears…
The Insolvency Section, Ministry of Corporate Affairs, in a notice dated 12th December 2017, has announced the constitution of the Insolvency Law Committee. The Committee shall be chaired by the Secretary, Ministry of Corporate Affairs, as per a notification dated 16th November 2017. The Committee has been constituted to take stock of the functioning and…
BALLINA business Kimberley Kampers has gone into voluntary administration, in what the company has admitted was a “highly unconventional” decision. A notice about the administration has been posted on the ASIC website. It came into effect on December 7 with Steven Nicols from Nicols + Brien appointed as the administrator. The first meeting of creditors…
As online shopping tightens its grip on our credit cards (hello, Black Friday), and international high street brands, with their bargain-price, covetable clothing, become more accessible than ever before, local labels are feeling the pinch. Case in point: today Lover has gone into voluntary administration. Ferrier Hodgson partners Morgan Kelly and Ryan Eagle have been appointed…
It is ironical that while the 2017 Forbes India List says that the combined net worth of Indias 100 wealthiest stood at a whopping $479 billion, top corporate borrower groups in India are unable to repay loans and make timely interest payments. Tackling NPAs The government has taken the high moral ground to deal with…
Indias new insolvency and bankruptcy regime has been functioning for a year without any disclosure norms or mandatory transparency regulations. In the first year of its application, the regime is already dealing with more than 450 cases that add up to thousands of crores of rupees of unsettled debts. Neither the details of the cases…
It is ironical that while the 2017 Forbes India List says that the combined net worth of Indias 100 wealthiest stood at a whopping $479 billion, top corporate borrower groups in India are unable to repay loans and make timely interest payments. Tackling NPAs The government has taken the high moral ground to deal with…
RugbyWA is out of voluntary administration after Rugby Australia waived a legal debt of more than $1 million. RA spent about $1.7 million in legal costs after RugbyWA challenged the Western Force’s axing from the Super Rugby franchise. RugbyWA entered into voluntary administration last month, saying the axing of the Force meant it simply didn’t…