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HomeBase was a home improvement warehouse chain in the Western United States based in Irvine, California. History. Robert J. McNulty and George Handgis founded the ...
The brand name was bought by Woolworths in 1988 and remained in use until that company's insolvency in 2009. Home Retail Group, the parent company of retailers Homebase and Argos, purchased the brand for £5 million in January 2009. [5] The Chad Valley brand is now available exclusively at Argos.
Under the terms of the agreement with Sainsbury's to acquire Home Retail Group, for each Home Retail Group share, shareholders received 0.321 new Sainsbury’s shares and 55p per share. As a result of the sale of Homebase, they also received 25p per share, plus the year's dividend as a final dividend payment. [22]
In 1989, TJX spun off their warehouse division, consisting of BJ's and now-defunct HomeClub (later known as HomeBase, then House2Home), to form Waban, Inc. In August 1997, Waban spun off BJ's to become an independent company, BJ's Wholesale Club, Inc., headquartered in Natick, Massachusetts, while Waban renamed itself to HomeBase, Inc. [7]
Provisional liquidation is a process which exists as part of the corporate insolvency laws of a number of common law jurisdictions whereby after the lodging of a petition for the winding-up of a company by the court, but before the court hears and determines the petition, the court may appoint a liquidator on a "provisional" basis. [1]
Home Retail Group retained about 100 staff at the London stores and around 50 in head office, including many of Habitat's in-house designers, buyers and merchandisers. It then introduced 84 Mini Habitat stores within Homebase branches and also begun to offer a selection of Habitat products in 200 Homebase and Argos stores nationwide and on the ...
After continual losses mounting from 2011 Schlecker, with 52,000 employees, was forced into insolvency, though continued to run. Dynegy: United States: 6 July 2012: Energy: After a series of attempted takeover bids, and a finding of fraud in a subsidiary's purchase of another subsidiary, it filed for Chapter 11 bankruptcy. It emerged from ...
Hilco Capital was awarded Special Situations Debt Provider of the Year at the IFT Awards 2022. [16] The company also won the Turnaround of the Year Award at the Turnaround, Restructuring & Insolvency Awards (TRI) 2019. [17]