Superdry, the London-listed clothing retailer, is weighing a radical restructuring that could involve significant numbers of store closures and job cuts after reporting weak sales. Sky News has learnt that Superdry and its advisers at PricewaterhouseCoopers (PwC) are initiating work on plans that could lead to a company voluntary arrangement (CVA) or restructuring plan, both…
DetailsThe White House continued its push to grant student debt relief, recently announcing the cancelation of nearly $5 billion for about 74,000 borrowers. Here’s a look at who is eligible for savings this time around. With this latest relief package, the Biden administration has now canceled student debt for more than 3.7 million Americans, many…
DetailsHigher rates can have a significant impact on your plan to pay off your debt. Here’s how. Getty Images There’s no question that you’ve heard about today’s high interest rates, and if you have any revolving debt, you’ve probably noticed that your minimum payments have gone up over the past couple of years as a…
DetailsA key offshore bondholder group of China Evergrande plans to join a petition to liquidate the developer at a hearing in a Hong Kong court on Monday, Reuters reported this week. The bondholder group owns more than $2 billion in offshore notes guaranteed by Evergrande and its support to a winding-up petition against the world’s…
DetailsPersonal Finance Chevron icon It indicates an expandable section or menu, or sometimes previous / next navigation options. Loans Chevron icon It indicates an expandable section or menu, or sometimes previous / next navigation options. Chevron icon It indicates an expandable section or menu, or sometimes previous / next navigation options. Personal Loans Debt Consolidation…
DetailsThe Melbourne Rebels have denied that they have entered voluntary administration, but the move is potentially on the table for the cash-strapped Super Rugby Pacific outfit. According to an AAP report, the Rebels chief executive Baden Stephenson spoke to the teams players ahead of training on Friday after it was reported earlier in the week…
DetailsFar too many Australians are losing large sums of money through gambling, and its hurting our savings accounts. This isnt a hit piece on gambling (Ive done it myself before and will probably do it again at some point), but its interesting and even a little depressing to see the effect that rampant gambling can have…
DetailsLenders to Byjus Alpha filed an insolvency petition after the Indian education startup missed payment on a $1.2 billion loan. The move, announced by creditors in an emailed statement on Thursday, is the latest step in the fight between the startup founded by Byju Raveendran, once valued at $22 billion, and its creditors. Lenders have…
DetailsCompany to Use United States Chapter 11 Process to Strengthen Financial Position GOL Will Continue to Provide Safe and Reliable Air Transportation Without Interruption All Flights are Operating as Scheduled and All Tickets and Reservations Remain in Place Company Secures US$950 Million New Financing Commitment to Support the Business SO PAULO, January 25, 2024 GOL…
DetailsJan 26, 2024, 09:47 AM Open Extended Reactions Melbourne Rebels are on the brink of collapse just weeks out from the Super Rugby Pacific season, with the franchise having entered voluntary administration amid mounting debts. Rumours of the Rebels’ fraught financial position have circled since late last year, despite chief executive Baden Stephenson doing his…
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