Liquidation

Canada's Iconic Hudson's Bay Co. Enters Partial Liquidation

8 days ago

In a significant move reflecting the ongoing challenges within the retail sector, Hudson's Bay Company (HBC), Canada's oldest retailer, is set to commence a partial liquidation of its assets starting Monday. This transition marks a pivotal moment for a company that has been a cornerstone of Canadian shopping culture since its establishment in 1670.

eFishery Faces Dark Times: 90% Workforce Reduction Amid Liquidation Threat

2 months ago

eFishery, the Indonesian aquaculture startup, is reeling from severe financial struggles, announcing the shocking termination of about 90% of its workforce as the company battles the impending threat of liquidation. This drastic decision signals the company’s dire financial situation, following unsuccessful attempts to secure emergency funding.

Uncertain Future for eFishery: Backers Consider Liquidation or Buyout Options

2 months ago

In a significant turn of events for the aquaculture technology company eFishery, its investors are reportedly evaluating critical next steps amid mounting financial pressures. The discussions center on potential options ranging from a complete liquidation of the company to selling eFishery to a new buyer. This introspection comes at a time when the company is striving to navigate through challenging operational and financial landscapes.

Stenn Financial's Downfall: Job Losses Loom for Majority of Employees

4 months ago

The recent collapse of Stenn, a prominent fintech lender, has sent shockwaves throughout the financial sector, resulting in the impending job losses for most of its workforce. As Stenn officially enters the process of liquidation, it has been revealed that approximately 75% of its employees are expected to be laid off. This dire situation raises concerns not only about the individuals affected but also about the broader implications for the fintech industry.