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On September 29, 2025, First Brands Group, a formerly profitable manufacturer and distributor of automotive aftermarket parts, filed for Chapter 11 protection in the U.S. Bankruptcy Court for the Southern District of Texas. The company reported over $10…
Miniso Canada is on the brink of bankruptcy after an action brought against it by its Chinese parent company alleging fraudulent business dealings and the transfer and hiding of assets. The extraordinary situation was revealed by Canadian website which in its…
The HMV Hong Kong business has collapsed, with the chain’s owner appointing liquidators. In a statement, HMV Digital China Group chairman Stephen Shiu Jnr said the company was “unable to escape from the crushing force of the wheel of history” as…
South Korean cosmetics firm Skinfood has filed for court receivership after increasing financial losses. The company’s former popularity of a decade ago was hit by the 2015 Middle East Respiratory Syndrome (MERS) outbreak and diplomatic disputes between Seoul…
