Fast-fashion Retailer Forever 21 Files For Bankruptcy, Second Instance In 6 Yrs
This move means liquidation for the company named F21 OpCo, as it was unable to find a buyer for its around 350 US stores
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International
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The Body Shop UK Seeks Restructuring Through Administration
- by BW Retail World Bureau
- February 14, 2024
The Body Shop appointed administrators to accelerate the restructuring of the UK business, as per the media statements. “Today, the directors of The Body Shop International Limited have appointed Tony Wright, Geoff Rowley and Alastair Massey of business advisory firm FRP as joint administrators of the company, which operates The Body Shop’s UK business,” said an […]
Food
International
News
Weaker Yen To Push Up Import Prices In Japan, Leading To Food Price Hikes
- by BW Retail World Bureau
- July 24, 2023
According to a credit research company, Japan will see a price hike on 30,009 food and beverage products by October as the country’s currency Yen weakens as well as weaker Yen pushing up import prices, Kyodo News Agency reported. Adding that, the company also cited another reason to be a surge in electricity and labour […]
Companies
News
Go First Grounded Airline Seeks Investors To Save Business
- by BW Retail World Bureau
- July 11, 2023
A court-appointed Resolution Professional (RP) to oversee the ongoing insolvency process of Go Airlines has invited an Expression of Interest (EOD) from potential investors. On Monday, the airline, which operates Go First, put out a newspaper advertisement regarding the EoD with relevant details. The last date for receipt of interest by investors is August 9. […]
Logistics
News
Airfares May See 10-15% Increase Following Go First Bankruptcy
- by BW Retail World Bureau
- May 8, 2023
Amid Go First’s bankruptcy declaration, airfares may increase by 10-15 per cent on routes where the airline had a strong presence, forcing travellers who had booked flights to destinations such as Srinagar, Goa, Leh and Phuket to reconsider their itineraries. Notably, Airfares are already experiencing a spike due to the summer travel season in India. […]
Fashion & Lifestyle
International
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Retail
Bluestar Alliance Rescues Scotch & Soda From Bankruptcy
- by BW Retail World Bureau
- March 28, 2023
Scotch & Soda, a fashion retailer, has been saved from bankruptcy by Bluestar Alliance, a brand management company based in the United States. While not all employees could be retained, the deal is a positive development for a significant number of Scotch & Soda employees. Prior to filing for bankruptcy for its Dutch operations, the […]