Tag: turnaround strategy
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LK Bennett on the Brink: UK Fashion House Seeks Administrator Amid Financial Woes
Overview: LK Bennett’s latest financial crisis The upmarket British fashion label LK Bennett is once again staring at insolvency, signaling a turbulent chapter for a brand that has long balanced luxury appeal with accessible pricing. Documents filed with the UK High Court show the company has applied to appoint an administrator in a move designed…
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Hajiji Signals Shutter Plan for Loss-Making GLCs Without Turnaround Prospects
Hajiji has warned that loss-making government-linked companies (GLCs) and statutory bodies under the state’s purview may be shuttered if they fail to demonstrate a credible turnaround plan. The comments come as part of a broader push to improve fiscal discipline and ensure that state assets contribute meaningfully to public finances. The chief minister emphasized that…