Despite VPB, through its proprietor Anthony Siwawa, putting up a fight to save the business from final liquidation, Leburu pronounced it just and equitable for the operation to be wound up considering that its franchise agreement has been terminated while it has also failed to service a P41 million FNBB loan among other creditors. FNBB,…
KEITH WHITTEN/FAIRFAX NZ The Inland Revenue Department is applying to liquidate the Mad Butcher store in Silverdale. Another Mad Butcher store is facing liquidation, in what could be the seventh franchisee of the discount butcher chain to go under in the past 18 months. The Inland Revenue Department (IRD) has made an application to liquidate the…
Sacked workers have slammed a double glazing boss after he spent thousands on his daughter’s wedding as his business crumbled around him. Dozens of people were left jobless when TFD (Scotland) and sister firm Dalmatian Windows went out of business on August 25. And many are furious after they found out Gary Fieldman, whose company…
The Canberra Raiders and Hockey ACT have said their current sponsorships with a security company were not linked to a failed entity which had previously used the brand. Both sporting organisations said their late 2015 sponsorship deals to advertise the name TTM were with the National Corporate Group Pty Ltd, as a liquidator continues to…
Ina seminal 2015 article (goo.gl/a78kA9) on the culture of entrepreneurship in Silicon Valley, Newsweek highlighted the rarity of enormously successful tech startups unicorns that were valued at over $1billion. It likened the chances of creating a unicorn to those of a frog laying 20,000 eggs to produce a few viable tadpoles, and went on to…
In the context of US capitalism, corporate bankruptcy has become less an admission of failure or a final chapter than a kind of R&R, a chance to shed some flab and come back stronger. As anyone who has followed Donald Trumps career knows, a big company declaring Chapter 11 bankruptcy is like Lindsay Lohan checking…
Business news: German publishing house Gestalten has entered into voluntary insolvency after losing money on a concept store in Berlin. The company, which publishes books about architecture, design and other creative disciplines, made the declaration after failing to secure an extended credit line from its bank. “I had to apply for insolvency otherwise I could have…
Groovefest (Photo : via Goorvefest) Festival season is one of the most exciting times for music fans around the world. They get to see some of their favorite acts on big stages almost every weekend. Traveling and camping becomes part of the adventure. Even with the proliferation of festivals globally, there is a downside sometimes…
Photo courtesy of Michael Miller/Groovefest Just three days before it was scheduled to kick off its annual weeklong festival in the Dominican Republic, Groovefest has canceled its 2016 event. According to a Facebook post published around 10 AM PST, the promoters cite being unable to hit ticket sale targets as the reason for cancellation, thus…
OVERLAND PARK, Kan.–(BUSINESS WIRE)– Ivy High Income Opportunities Fund (IVH) today announced a monthly distribution of $0.125 per common share. The distribution schedule is as follows: Ex-Date Record Date Payable Date Amount September 14, 2016 September 16, 2016 September 30, 2016 $0.125 per share The distribution…