Third-generation family baker Mias has been put into administration, casting a cloud over about 150 jobs. Administrators from WA Insolvency Solutions were put into Canning Vale-based Mias Bakery and its associated milling business, West Coast Milling in Welshpool, on Tuesday by the companies sole director, Conrad Mias. Both businesses are continuing to trade with the…
DetailsGymboree is closing 350 of its stores in what it deems to be a crucial step to restructure its business and emerge from Chapter 11 bankruptcy protection. The kids’ apparel chain said late Tuesday that it would start closing the stores beginning next on July 18. Gymboree, based in San Francisco, filed for Chapter 11…
DetailsStore Twenty One has been forced into compulsory liquidation resulting in the loss of over 900 jobs and the closure of stores across the country, including on the Isle of Wight. On Friday afternoon a sign was erected in the window of the Regent Street store in Shanklin saying this store will be closed until…
DetailsInsolvency is often a direct result of financial instability, poor cash-flow and mounting debts. Although cash flow is a principal factor for evaluating a companys insolvency, there are many other elements which can contribute to your poor financial condition. Business insolvency is certainly the last term you would want to hear. This happens when…
DetailsGlobal security group Securitas has revealed that its chief executive was declared bankrupt this week after his identity was hacked. In a particularly embarrassing disclosure, the Swedish company told the local stock exchange that its chief executive Alf Göransson was robbed of his personal identification when a person made a loan application in his name.…
DetailsThe 20-time English champions have made some amazing signings over the years, but they have not been without their bloopers in the market either Some of the signings made by Manchester United over the course of the last 30 years have changed the football world as we know it. But for every Cantona there is…
DetailsMILAN, July 12 (Reuters) – Italian banks must improve the quality of bad loan data and use them to understand when to raise provisions on debts which are yet to be declared insolvent, the central bank governor said on Wednesday. A harsh recession which ended in 2014 saddled Italian banks with impaired debts that are…
DetailsThe man running Swedens biggest security firm was declared bankrupt this week after his identity was hacked. Though the sub-optimal branding implications were hard to miss, Securitas AB hopes to have put the whole awkward incident behind it by the end of the day. The most important business stories of the day. Get Bloomberg’s daily…
DetailsTata Global Beverages rose over 2 percent to hit a fresh 52-week high on the BSE on Wednesday on media reports which said that the company decided to sell its stake in various Tata group listed companies to its parent, Tata Sons, in the next few months. The restricting is a welcome step if it…
DetailsMILAN, July 12 (Reuters) – Italian banks must improve the quality of bad loan data and use them to understand when to raise provisions on debts which are yet to be declared insolvent, the central bank governor said on Wednesday. A harsh recession which ended in 2014 saddled Italian banks with impaired debts that are…
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