Frederic J. Brown | AFP | Getty Images A woman shops at a Toys R Us store in Alhambra, California. Toys R Us is studying one proposal that could keep the business afloat and keep open roughly 200 U.S. stores open after the retailer liquidates, people familiar with the situation told CNBC on Wednesday. Such…
JUST one week after Doughnut Time announced they were closing a large portion of their stores in a desperate bid to save the brand, the companys few remaining employees have been notified via text message they no longer have a job. Last week, it was reported the doughnut chain would be sold by founder Damien…
“It’s pretty often that retailers want to try to take advantage of the situation to try to get cheaper rents,” he said. To be fair, Oroton would probably never been able to pull off getting out of onerous property leases without the cover provided by company administration. For the administrators and for Vicars, who is the…
The news comes as a shock to workers, who were promised jobs would be saved. Well, it turns out that no Doughnut Time stores will remain open at all, after a deal to sell the surviving stores collapsed last week. The company went into liquidation on Friday, and that will be the end of the (briefly)…
All Doughnut Time stores will close, are the sales the store fell over at the last minute. Last week it was reported the chain will would be sold to the companys former CEO but half of the remaining stores would close. Last night the ABC reported the sale had fallen over at the last minute. …
Today has been the last day of Doughnut Time, Victoria state manager Vanessa Gaddi-Chmielewski wrote in an email supplied to the ABC. I just received news from Dan [Strachotta] that the deal with the new company has been blocked by Damian. As a result, the entire company will go into liquidation including the stores that…
by Madison Marriage Global accounting watchdogs identified serious problems at 40 per cent of the audits they inspected last year, raising fresh concerns about the quality of work being done by the world’s largest accounting firms. According to the International Forum of Independent Audit Regulators, accounting lapses were identified at two-fifths of the 918 audits…
The Insolvency and Bankruptcy Board of India (IBBI) signed a Memorandum of Understanding (MoU) with the Reserve Bank of India (RBI) for effective implementation of the Insolvency and Bankruptcy Code and its allied rules and regulations. The Insolvency and Bankruptcy Board of India (IBBI) signed a Memorandum of Understanding (MoU) with the Reserve Bank of…
While RBI is the banking regulator, the IBBI regulates insolvency professionals, insolvency professional agencies and information utilities. Photo: Mint Mumbai: The Insolvency and Bankruptcy Board of India (IBBI) on Monday signed a memorandum of understanding (MoU) with the Reserve Bank of India (RBI) for enhancing cooperation between the two regulators to ensure better implementation of…
Getty Images Advertisement – Continue Reading Below Millie Mackintosh’s namesake fashion label has gone into voluntary liquidation, The Evening Standard reports. The brand is said to have gone bust due to a very challenging financial climate in the industry. The reality television star started the company four years ago, which sold mid-priced pieces online and…