The discount retailer 99 Cents Only Stores LLC announced it is closing its chain of 371 stores and winding down its business operations. The City of Commerce, California-headquartered company entered into an agreement with Hilco Global to liquidate the company’s...
A Hong Kong court has ordered the liquidation of the property giant China Evergrande Group, whose $300 billion in liabilities makes it the world’s most indebted developer. According to a Reuters report, Justice Linda Chan’s ruling came after the company failed to...