Forever 21 is reportedly considering teaming up with a private-equity firm to finance a large-scale restructuring plan. Though the retailer has long been a favourite among teen shoppers, its lost its footing amid rising competition from other low-priced apparel stores and trendy e-commerce companies. We shopped at a Forever 21 store to see why the…
Details(Bloomberg) — The type of securities blamed for triggering a credit crisis in the U.S. a decade ago could now be part of the solution in Canada, where a cooling housing market is a key risk to its $1.7 trillion economy. The Bank of Canada is discussing ways to encourage a more robust market for…
DetailsForever 21 is reportedly considering teaming up with a private-equity firm to finance a large-scale restructuring plan. Though the retailer has long been a favourite among teen shoppers, its lost its footing amid rising competition from other low-priced apparel stores and trendy e-commerce companies. We shopped at a Forever 21 store to see why the…
DetailsState-owned lender Bank of Baroda (BoB) has declared Vijay Goverdhandas Kalantri, chairman and managing director of Dighi Port, as a “wilful defaulter” for not repaying his loans, suggested media report. The leading industrialist Vijay Goverdhandas Kalantri and his son Vishal Kalantri, director of Dighi Port, owe nearly Rs 3,334 crore to a consortium of 16…
DetailsIn continuation of our earlier communication dated 31 May, 2019 regarding outcome of first meeting of CoC, we wish to inform you that the e-voting for the resolutions put to vote at the first meeting of the CoC of the Company commenced at 3 June, 2019, at 5:00 p.m. and concluded on 4 June, 2019…
DetailsThis is to inform you that in accordance with the applicable provisions of the Insolvency and Bankruptcy Board of India (Insolvency Resolution Process for Corporate Persons) Regulations, 2016 (CIRP Regulations), the Second Meeting of the Committee of Creditors of TAYO Rolls Limited (the Company / the Corporate Debtor), will be held on Thursday, 6th June,…
DetailsNEW YORK–(BUSINESS WIRE)–CohnReznick LLP, one of the leading advisory, assurance, and tax firms in the United States, has announced the addition of four partners and principals to its Restructuring & Dispute Resolution practice. Cynthia Romano, CTP, Principal, will join Kevin Clancy in co-leading the practice, collectively responsible for strategic growth, client relations, marketing, and talent…
DetailsForever 21 is exploring a restructuring deal to turn around its business, Bloomberg reported, citing people familiar with the matter. Forever 21 is a private company and does not release financials. However, in recent years the teen-focused chain has shown signs of struggle, especially in its international locations, where it has closed several stores. A…
DetailsWells Fargo has restructured the leadership of its commercial banking operations as the San Francisco bank continues to shuffle the decks of its management ranks. Wells promoted five executives to newly created positions within commercial banking three are leaders of regional groups and two will have nationwide oversight roles. The promotions took effect Tuesday. The…
DetailsNotice of 13th Meeting of Committee of Creditors of SOUTHERN ONLINE BIO TECHNOLOGIES LIMITEDNotice along with Agenda for the 13th Meeting of the Committee of Creditors of Southern Online Bio Technologies Limited (under Corporate Insolvency Resolution Prodess) under the provisions of The Insolvency and Bankruptcy Code, 2016 read with Insolvency and Bankruptcy Board of India…
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