When Shoes of Prey launched in 2009, it became a tearaway success almost immediately. But now, just one decade later, the customisable footwear company has become the latest victim of Australias struggling retail industry. Shoes of Prey has just entered into liquidation, with Kelly Trenfield and John Park of FTI Consulting appointed as administrators yesterday.…
DetailsAustralian fashion startup and former industry trailblazer Shoes of Prey has collapsed into liquidation, ending months of uncertainty surrounding the startup after it was put on pause in August last year. Liquidators from FTI Consulting Kelly Trenfield and John Park were appointed to manage the winding down of the startup, which was founded in 2009…
DetailsTheodoric Meyer is a Politico reporter. On a February morning in 2005 in a hearing room in the Dirksen Senate Office Building, Joe Biden confronted Elizabeth Warren over a subject theyd been feuding over for years: the countrys bankruptcy laws. Biden, then a senator from Delaware, was one of the strongest backers of a bill…
DetailsBritish billionaire James Stunt has admitted that he is being chased over a massive gambling debt worth more than 1 million. The 37-year-old man further shared that he plans to settle the debt by using paintings of Picasso and Monet, which he has previously lent to the Prince of Wales. Reportedly, the seven-figure loss…
DetailsOne of Australias most heavily touted tech startups – custom footwear-maker Shoes of Prey – has filed for insolvency. Helpfully, co-founder Michael Fox has explained why in a Medium post. The TL;DR: even though it had a loyal fan base among well-heeled women who appreciated its shoe customisation service, the company was never profitable and…
DetailsAodhan O Faolain Michael McKevitt was among four men found liable for the attackPACEMAKER PRESS Three men found liable for the Omagh bombing have been declared bankrupt by the High Court after failing to pay damages to relatives of the victims. The car bomb on a street packed with shoppers killed 29 people, including nine…
DetailsSub: Outcome of the 10th Meeting of Committee of Creditors of Uttam Value Steels Limited Dear Sir, This is in reference to the captioned subject. Pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements), 2015, we would like to bring to your notice that the 10th meeting of the Committee of Creditors…
Details| 48 mins ago New York Media is laying off 16 full-time staffers and an additional 16 part-time and freelance staffers in a restructuring that is intended to put it on firmer financial footing, the company said today. The cuts primarily affect New Yorks audience development and circulation teams, its copy and fact-checking desks and…
DetailsDEBT RELIEF: Education-focused venture capital firm Rethink Impact has led an $11.2 million Series A round for FutureFuel.io, which provides a platform to help employees pay down their student debts. The Boston-based company has now raised a total of $15.7 million, according to a statement. Founded in 2016, FutureFuel.io allows employers to offer student debt…
DetailsBy Liz Weston of Nerdwallet|AP, Millions of Americans get their health insurance and retirement accounts through their employers. Now some are getting help with their debt. Companies including insurer Aetna and accounting firm PwC help employees pay down student loans. Others partner with startups to offer debt solutions as an employee benefit. Among…
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