The end is nigh – Hanjin Shipping expected to be declared bankrupt on 17 Feb – Seatrade Maritime News

Hanjin Shipping is expected to be finally declared bankrupt on 17 February a Seoul court said today. The Seoul bankruptcy court decided to end Hanjins receivership process on 2 February setting a date of 17 February for the company to be declared bankrupt following appeals. The court found that Hanjins liquidation value would be higher…

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Lazard revenue boosted by restructuring business – MarketWatch

Lazard Ltd. said fourth-quarter revenue rose amid gains in its financial advisory and asset-management businesses, while its profit declined on higher costs and income tax provisions. Financial advisory revenue grew 22% from the prior year to $331.2 million with revenue in its deal-making advisory business growing 17%. Revenue from its restructuring advisory business grew 15%…

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Retail rot speads to Australia’s high-profile fashion labels – The Sydney Morning Herald

The collapse of national fashion brands Marcs and David Lawrence has added another 1130 workers to the retail rout that claimed close to 2000 jobs in the sector before Christmas. And retail insiders claim the rot that took down Payless Shoes and Pumpkin Patch in December has spread to Australia’s upmarket, national fashion chains and there warn of…

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