After 116 Years UK Business Decides to Sell and Displaces 1,000 Workers

After 116 Years UK Business Decides to Sell and Displaces 1,000 Workers

Austin Reeds, the clothier, has decided to sell off 120 stores to other retailers, as reported by “Yorkshire Post” on May 31, 2016. The 116-year-old chain was founded as a tailoring business in 1900. The decision will displace 1,000 workers. Peter Saville of AlixPartners stated, “We continued running the [company] with the support of the secured creditors in […]

Common Business Loan and Commercial Mortgage Issues

Common Business Loan and Commercial Mortgage Issues

Many borrowers are unprepared for common business loan and commercial mortgage issues that arise. By preparing for the worst case scenario and anticipating common obstacles that might occur during such a process, business owners and/or loan seekers are better prepared for the potential consequences should their financing options go awry. Moreover, being prepared for the […]

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