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Harvey Nichols has warned that it could run out of money within the next year without fresh investment, raising the credit-risk stakes for suppliers as bidders circle the UK luxury department-store group. Directors said the business was not a going...
#credit risk#Frasers Group#going concern
UK businesses have become more cautious about their near-term turnover as energy costs and economic uncertainty continue to weigh on…
#business confidence#economic uncertainty#energy costs
Saudi fintech company LDUN has successfully closed a seed funding round worth US$4.8m, strengthening its position as a key contributor…
#factoring#investment#LDUN
Evolution Credit Partners Management, LLC (“Evolution”), a leading provider of single buyer, non-cancellable Trade Credit Protection (“TCP”) for accounts receivable…
#Evolution Credit Partners#factoring#insurance
HSBC is collaborating with global B2B payments and invoicing network TreviPay with the aim to enhance digital purchasing experiences for…
#HSBC#trade credit#TreviPay
EET Fuels, owner of the Stanlow refinery, confirms it has successfully agreed US$650m in receivable financing and trade credit financing…
#ABN AMRO#EET Fuels#ESG
Tokio Marine HCC, a global insurance group based in Houston, Texas, and part of Japan’s Tokio Marine Group, has announced…
#credit insurer#credit risk#risk
Global advisory firm WTW has promoted Michael Creighton to Head of Trade Credit and Trade Finance, Great Britain. Reporting to…
#Managerial Appointments#trade credit#wtw
Since last December a string of suppliers to the fashion industry have been hit by a reduction in credit insurance…
#Allianz#trade credit#trade credit insurance
Global broking and solutions company WTW has announced the appointment of Pieter Van Ede as global head of trade credit.…
#Managerial Appointments#supply chain finance#trade credit
Coface announces today the acquisition of North American data analytics boutique Rel8ed. The acquisition brings new, rich data sets and…
#trade credit#trade credit insurance
TreviPay, a US-based B2B payments and invoicing solutions provider, is set to acquire payments platform Apruve for an undisclosed amount.The…
#Apruve#automation#embedded finance
WTW has announced the appointment of Evan Freely as Global Head of Financial Solutions. Freely will be based in New…
#trade credit#wtw