It looks like theres a revival coming for Fenton & Fenton. The eclectic Melbourne-based interiors label which went into liquidation in early August has been acquired by the Berkowitz Furniture group and is set to resume trading before the end of the year. Under the deal, founder Lucy Fenton will stay on as creative director…
DetailsOverseas companies entering the Indian market through the wholly owned subsidiary route do so with hope and expectation. While the majority of ventures have worked out well, there have been instances where the subsidiary failed to take off or encountered operational issues requiring hard decisions on its operations in India. When faced with such challenges,…
DetailsA failed Australian furniture retailer has been saved at the last minute in a white knight rescue that will see customer orders honoured. Last month, news.com.au reported that Fenton & Fenton, a Melbourne-based homewares boutique, had entered into liquidation. News of its collapse sparked concern from customers who were worried they wouldnt receive the furniture…
DetailsWorld leaders attending the G20 summit in New Delhi which starts tomorrow must substantially increase international assistance and provide debt relief to vulnerable states to help deliver urgently needed climate justice and avoid a potentially catastrophic failure to safeguard human rights, Amnesty International said today. Amnesty International is calling on G20 leaders to deliver on…
DetailsNourish Foods has entered voluntary administration after an investment deal with a major retailer collapsed. The healthy snack company had stalled its third equity raise to pursue the agreement. Nourish Foods co-founder and CEO Monica Meldrum. In a letter to investors, founder and CEO Monica Meldrum said, After 18 years of trading and leading the…
DetailsROANOKE, Va. (WDBJ) – A new Better Business Bureau study finds that as people in North America struggle to pay trillions of dollars in debt, some are turning to companies promising to help reduce their bills or fix their credit scores. Some of these companies make big promises but rarely deliver, leaving people further in…
DetailsCompanies International Monetary Fund Follow WASHINGTON, Sept 7 (Reuters) – The International Monetary Fund and World Bank on Thursday issued a rare joint statement pledging to step up their cooperation to address climate change, debt vulnerabilities and countries’ digital transitions. The statement, released ahead of a G20 leaders summit in India this week, said the…
DetailsNew Delhi: The regulatory framework for professionals valuing the assets of distressed companies will continue to be strengthened as a decision on whether to salvage an insolvent business or to liquidate it depends on the valuation of its assets, the ministry of corporate affairs said in its latest monthly update. The ministry said that the…
Details1 NEWS It comes as the Reserve Bank warns of rising building costs. (Video first published May 26, 2022) In recent months, there have been a number of stories about companies going bust and taking customer deposits with them. All Black TJ Perenara was expecting to lose up to $40,000 he paid as a deposit…
DetailsSeptember 7, 2023 Washington, DC: Kristalina Georgieva, Managing Director of the International Monetary Fund, and Ajay Banga, President of the World Bank issued today a joint statement: The world confronts significant economic challenges, the existential threat of climate change as well as a digital transition, all in the context of more frequent shocks, high debt…
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