China's Household Debt Crisis Impacts 83 Million People
China's household debt crisis deepens with 83 million potentially in arrears. Rising defaults, aggressive collectors, and economic pressures challenge middle-class stability. Read analysis.
Category : Search result: retail bankruptcy India
Sonder Bankruptcy: Guests Evicted After Marriott Split
Sonder Holdings files for Chapter 7 bankruptcy, terminating its Marriott deal and leaving guests stranded worldwide. A travel nightmare unfolds for customers.
SBI, Govt Clash in SC Over Spectrum Sale in Insolvency
State Bank of India argues spectrum can be sold under insolvency to recover dues, while government maintains it belongs to the state. Supreme Court hearing continues.
First Brands Seeks New Invoice Financing After Fraud
Bankrupt auto supplier First Brands Group is reviving invoice financing despite previous fraud allegations. Learn how this move could provide cheaper liquidity.
ICAI Proposes IBC Reforms to Parliament Panel
The Institute of Chartered Accountants of India submits comprehensive recommendations for Insolvency and Bankruptcy Code amendments to strengthen corporate resolution framework.
IBBI Aligns Bankruptcy Code with Anti-Money Laundering Laws
IBBI makes landmark move to integrate bankruptcy proceedings with PMLA, creating powerful new weapon against financial fraud and strengthening India's financial ecosystem.
American Airline's Kenai Aviation Collapses, Halts All Flights
Kenai Aviation, owned by American Airlines, ceases all operations amid financial insolvency. Pandemic-era debt and economic pressures blamed for the airline's dramatic collapse.
Nexus Malls' ₹4,200 Cr Retail Expansion Across India
Nexus Malls, backed by Blackstone, announces massive ₹4,200 crore acquisition of two premium shopping centers in Mumbai and Pune, signaling strong growth in India's retail real estate sector with tenant sales soaring 20%.
TCS expands digital partnership with UK retailer Morrisons
Tata Consultancy Services deepens collaboration with British retail giant Morrisons, deploying cutting-edge digital solutions to revolutionize operations and customer experience across 500+ stores.
Jack's Donuts Files for Chapter 11 Bankruptcy
Popular American donut chain Jack's Donuts has filed for Chapter 11 bankruptcy protection. Learn about the financial challenges, store closures, and future plans for this Indiana-based franchise.
MINISO Opens First Thailand Land Store in Bangkok
MINISO opens its groundbreaking 'Land Store' in Bangkok, introducing Thailand to immersive IP-based retail with exclusive collections and interactive zones that redefine shopping experiences.
Vaibhav Global Q2 PAT jumps 71% to ₹48 crore
Vaibhav Global Limited (VGL) delivers outstanding Q2 FY25 results with 71% YoY PAT surge to ₹48 crore and 11% revenue growth. Discover how this retail giant is dominating the electronic retail space.
Candy Warehouse Files Bankruptcy Before Halloween Season
Major US candy distributor Candy Warehouse collapses into Chapter 11 bankruptcy just before crucial Halloween season, citing dramatic sales decline and economic pressures.
NRI's Mind Blown by India's Shopping Revolution
Watch as NRIs experience total shock discovering India's transformed shopping landscape - from luxury malls to digital payments, the nation has become a retail paradise that rivals global destinations.
Uncle Nearest Whiskey Faces Bankruptcy Crisis
Uncle Nearest Premium Whiskey, the acclaimed Black-owned spirits company, faces severe financial distress with potential Chapter 11 bankruptcy filing amid mounting debt and legal battles.
Premium Brands Coming to Bengaluru Railway Stations
Major railway stations in Bengaluru are set for a retail transformation as South Western Railway plans to lease space to premium brands, enhancing passenger experience and generating additional revenue.
Target Eliminates 1,800 Corporate Jobs in Restructuring
US retail giant Target announces massive corporate workforce reduction of approximately 1,800 positions as part of strategic cost-cutting measures to revitalize business performance and adapt to changing market dynamics.
IKEA India Leases 4.5L Sq Ft in Pune's Phoenix Marketcity
IKEA makes strategic move into Pune with massive retail space, marking significant expansion in Indian market with omnichannel approach
Target Slashes 1,800 Jobs in Major Restructuring
American retail giant Target Corporation announces its largest job cuts in 10 years, eliminating approximately 1,800 positions in a strategic cost-cutting move that signals changing retail dynamics.
Target cuts 1,800 jobs in sales revival restructuring
US retail giant Target announces significant workforce reduction affecting approximately 1,800 employees as part of comprehensive restructuring strategy to boost declining sales and operational efficiency.
Stovekraft Targets 500 Exclusive Stores by 2027
Indian kitchenware giant Stovekraft announces aggressive retail expansion strategy, planning 500 exclusive stores nationwide by 2027 to capitalize on growing demand for premium kitchen solutions.
PrimaLend Bankruptcy: Subprime Lending Crisis in India
PrimaLend's shocking bankruptcy filing exposes deepening stress among subprime borrowers in India. Discover how this collapse could trigger wider financial tremors and what it means for the lending industry.
Puerto Rico Utility Bankruptcy Restarts as Board Returns
The Puerto Rico Electric Power Authority's bankruptcy case has been officially reopened after board members returned to their posts, marking a significant development in the territory's ongoing debt restructuring efforts.
Vegas VR Arcade Bankrupt After One Year
A massive virtual reality entertainment venue on the Las Vegas Strip has filed for Chapter 7 bankruptcy after operating for only one year, raising questions about the viability of high-tech attractions in prime tourist locations.
Shoppers Stop's Premium Makeover Drives 16% Footfall Growth
Discover how Shoppers Stop's premiumization strategy and booming beauty segment are fueling growth, with footfalls up 16% and revenue climbing 9% in Q3.
GST Cut on Affordable Clothing: 200 bps Revenue Boost for Retail
In a major relief for consumers and retailers, GST rates on apparel below ₹2,500 have been significantly reduced. This strategic tax cut is projected to boost sectoral revenue by 200 basis points, revitalizing India's fashion retail industry and making fa
GST reform to boost organised apparel retail by 200 bps
Major GST reforms in the apparel sector are set to drive significant growth for organized retailers while creating challenges for unorganized players. CRISIL Ratings reveals how tax rationalization will reshape India's fashion retail landscape.
Supreme Court Ends Gstaad Hotels Insolvency Battle
In a landmark ruling, India's Supreme Court dismisses Gstaad Hotels' appeal, upholding NCLT's insolvency order. Founder Deepak Raheja's seven-year legal battle concludes as financial troubles force luxury hotel chain into corporate insolvency.
Reliance Retail Q2 Revenue Jumps 18%, Hits 369M Customers
Mukesh Ambani's retail giant posts stellar Q2 performance with 18% revenue surge and massive customer growth, cementing its dominance in India's retail landscape.
Reliance Retail Q2 Growth Beats HUL & ITC
Reliance Retail posts impressive 18.8% revenue growth in Q2 FY25, outpacing traditional FMCG giants HUL and ITC. Discover how Mukesh Ambani's retail powerhouse is redefining India's consumer market.
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