Further to its announcement on 27 October 2025, Petrofac (“Petrofac” or “the Group”) provides the following update. As previously announced, Petrofac’s Executive Management is working alongside administrators of the Group’s ultimate holding company, Petrofac Limited (in administration), to preserve value, operational capability and ongoing delivery across the Group’s operating and trading entities. This includes M&A…
A BELOVED furniture chain has begun liquidation sales after its parent company filed for bankruptcy. The parent company, American Signature Inc. (ASI), confirmed the stores and websites will remain open to shoppers during the bankruptcy. Sign up for the Money newsletter Thank you! The bankruptcy comes as the furniture industry continues to struggle post-pandemic (Stock…
Food redistribution platform, Yume Food Australia, has gone into liquidation after a decade of work reducing food waste – in partnership with companies including Sodexo, Unilever, Kellogg’s, Suez, and SecondBite. Since it was founded in 2015, Yume has returned $30 million to Australian businesses and manufacturers and redistributed 11.5 million kilograms of quality food, avoiding…
The Munich-based e-bike startup Sushi Bikes Sushi Mobility GmbH, the company behind the Sushi Bikes brand, faces an uncertain future. According to a ruling by the Munich District Court on November 14, 2025, preliminary insolvency proceedings have been initiated for Sushi Mobility GmbH. This means the company can only dispose of its assets with the…
One of the UK’s largest metals firms has filed for compulsory liquidation facebook.com Read the original article here