By DPA Translated by Roberta HERRERA Published Jan 9, 2024 The German department store chain Galeria Karstadt Kaufhof (GKK) has filed for insolvency at the Essen District court. The company is actively seeking a new owner, and discussions with potential investors have already commenced with the aim of sustaining Galeria’s operations. Reuters “Operational success at…
By Phan Minh Thong Wed, May 15, 2024 | 1:22 pm GMT+7
Katie Price, once a highly successful glamour model with a net worth of around £40 million, has seen her fortune dwindle dramatically. This culminated in repeated bankruptcies and a financial collapse that has left many questioning how she ended up in this situation. In March 2023, Price declared bankruptcy over an unpaid tax bill of…
Kenyan vehicle manufacturer Mobius shutting down, issues notice of insolvency MSN Read the original article here
GREELEY — After a tumultuous year of trying to get out from under a mountain of debt — some of which was derived from alleged deceptive practices by lenders — a local civil construction and project management company has sought Chapter 11 bankruptcy protection. Open Range Services Inc. filed for bankruptcy reorganization on July 31 while…
Byju’s Insolvency Case Fans Employees’ Fears on Careers, Dues MSN Read the original article here
Beachwear brand Salt Life has multiple bidders interested in rescuing the company from bankruptcy but the company’s related active wear business will be liquidated, a lawyer said in court Thursday. No bidders were willing to take on all of the Delta side of the company, attorney Jeremy R. Johnson told the judge overseeing the company’s…
More companies went bust in past year than during financial crisis More companies in England and Wales went bust in the last year than at the height of the financial crisis, the latest insolvency figures show. There were 25,551 insolvencies in the 12 months from August 2023 to July 2024, new data from the Insolvency…
(Bloomberg) — Beachwear brand Salt Life has multiple bidders interested in rescuing the company from bankruptcy but the company’s related active wear business will be liquidated, a lawyer said in court Thursday. No bidders were willing to take on all of the Delta side of the company, attorney Jeremy R. Johnson told the judge overseeing…
Nestle CEO Mark Schneider resigns; company veteran Laurent Freixe to take over as chief Mint Read the original article here