Barneys secured $75 million in new financing from affiliates of Hilco Global and the Gordon Brothers Group to help it keep operating as it navigates the bankruptcy court, it said in a statement
The retailer will close its physical stores in Chicago, Las Vegas and Seattle, along with five smaller concept stores and seven Barneys Warehouse locations. However, its Madison Avenue store will stay open along with its other four flagship locations, Barneys said. Barneys was advised by investment bank Houlihan Lokey, M-III Partners, the turnaround firm founded by restructuring veteran Mohsin Meghji, and the law firm Kirkland & Ellis.
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SABC pursuing charges against Motsoeneng - SABC News - Breaking news, special reports, world, business, sport coverage of all South African current events. Africa's news leader.The SABC board chairperson, Bongumusa Makathini, says they are still pursuing charges against the former COO Hlaudi Motsoeneng for the money he illegally got from the public broadcaster. Not only Motsoeneng, we need to see consequences for those journalists that were bias, in favor to the MYANC. This guy must arrested azowubhadla apha entloko. You must also pursue charges against Jimmy Mathews.
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Criminal charges laid against Mkhwebane - SABC News - Breaking news, special reports, world, business, sport coverage of all South African current events. Africa's news leader.The civil society group, Accountability Now, has confirmed that it has opened a criminal case against the Public Protector Busisiwe Mkhwebane. WMC ithatha ama'chance I don't think we should be distracted. We are still here 👇 RamaphosaLeaks Yaz niyadina kodwa we kulezinsuku sisadidekile yinina kodwa nisimele ngenyakanyaka nje ay maan🚮
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Thloloe recommends audit on SABC news management - SABC News - Breaking news, special reports, world, business, sport coverage of all South African current events. Africa's news leader.The chairperson of the Commission of Inquiry into Editorial Interference at the SABC Joe Thloloe has recommended that the public broadcaster should conduct an audit of the appointment and promotions of senior news management.
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South Africa's rand hits 7-week low as trade tensions heat up - SABC News - Breaking news, special reports, world, business, sport coverage of all South African current events. Africa's news leader.South Africa’s rand slipped to seven-week lows against the dollar on Monday, as prospects of a sharp escalation in the U.S.-China trade war turned investors risk-averse. Our Rand is surely having a challenging position, even when things are trying to work out in our shores, still other things affects it. We should consider radical methods of sustaining it's strength. We don't have mechanisms to strengthen our currency because China and America they are doing everything to make their currency to be strong during this trade war .
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