Before the forfeiture committee is summoned to consider de-gonging Sir Philip Green, its probably wise to introduce some proper process into the unpicking of the BHS fiasco. Frank Fields work and pensions select committee can do valuable work on the narrow question of assessing the impact on the Pension Protection Fund (PPF), the lifeboat for…
The government should launch an investigation into Sir Philip Greens conduct as a company director if allegations emerge that he failed in his obligations while owning BHS, Sir Vince Cable, the former business secretary, has said. BHS shareholders led by Green, and the billionaires family, withdrew more than £580m in dividends, rental payments and interest…
Company lawyer tells bankruptcy judge that retailer will not reorganize but will instead pursue full sale Sports Authority won’t come out of bankruptcy as an independent company and instead wants to sell off all its holdings. “It has become apparent that the debtors will not reorganize under a plan but instead will pursue a sale,”…
Michael Garnham is accused of not paying the company’s tax. A company closely tied to a former Abel Tasman beach owner has been put into liquidation. The Inland Revenue Department (IRD) applied to put Sams Bay Holdings into liquidation in March 2015, seeking to recover more than $250,000. This year, a new application was filed…
Dominic Chappell transferred cash into BHS Sweden after news at meeting Swedish company has no links to BHS and not listed with Companies House Board noticed and demanded he return cash to the business, which he did Sum was £50,000 short – which he claimed was cost of converting currency By James Dunn For Mailonline…
Australian fashion designer Johanna Johnsons label has been placed into liquidation today after going into voluntary administration last week. The business, which has dressed the likes of Madonna, Christina Hendricks and Australia foreign minister Julie Bishop, owes the Australian Tax Office (ATO) more than $1 million, which includes $300,000 in superannuation charges the company failed…
Furious brides have lashed out at celebrity fashion designer Johanna Johnson, after discovering they could lose their wedding gowns when the business was placed into liquidation. Key points: Johanna Johnson fashion label liquidated Company owes $1.1m to tax office, thousands to creditors Multiple brides fear they will not receive dresses before weddings The…
Desert Rug Co. is about to roll up and roll out. The Persian rug retailer will could close by the end of May after 12 years of business in State College, according to manager Amin Rahnama. The shop was opened in 2004 by Masood Arjmand, who was a long-time Penn State professor and businessman. He…
Updated April 26, 2016 2:34 p.m. ET Sports Authority has abandoned hope of reorganizing and exiting bankruptcy and instead will count on buyers to save parts of its sprawling retail chain, company lawyer Robert Klyman told a judge Tuesday. It has become apparent that the debtors will not reorganize under a plan but instead will…
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