Liquidation
Nanyang Optical Faces Voluntary Liquidation After 65 Years; Customer Orders Uncertain
Singapore’s Nanyang Optical, a 65-year-old eyecare chain, has announced voluntary liquidation, leaving customers with unfulfilled orders, including a S$1,800 contact lens supply, in limbo. Four of its six stores will close, while two franchised outlets remain operational.
Stoli Vodka’s US Division, Kentucky Owl Whiskey Enter Chapter 7 Liquidation Amidst Geopolitical & Cyber Challenges
Stoli Group’s US division and Kentucky Owl American whiskey have shifted to Chapter 7 liquidation, concluding a prolonged effort to restructure. The move comes after geopolitical shocks, a cyberattack, and a downturn in the US spirits market hampered the company’s…
Salford Red Devils Liquidated: Iconic Rugby League Club Ends 152-Year Run Amid Financial Turmoil
After months of mounting financial pressure and failed rescue attempts, Salford Red Devils have been liquidated by the High Court, marking the end of their storied 152-year history. With debts nearing £4 million and a turbulent year both on and…