(Bloomberg) — 23andMe Holding Co., which provides medical and ancestry-related genetic testing, filed for bankruptcy after it was unable to find a buyer to rescue it from insolvency proceedings and the board of directors rejected a buyout offer from co-founder Anne Wojcicki. Most Read from Bloomberg Despite collecting DNA from saliva samples from more than…
With genetic testing company 23andMe filing for Chapter 11 bankruptcy protection and courting bidders, the DNA data of millions of users is up for sale. A Silicon Valley stalwart since 2006, 23andMe has steadily amassed a database of people’s fundamental genetic information under the promise of helping them understand their disposition to diseases and potentially…
April 8, 2025 A branch of Casa in Amsterdam. Photo: Dutch News The Dutch branch of Belgian interior design retailer Casa is facing bankruptcy after retail union AVV and the works council filed a court application to have the company declared insolvent. “Staff have no confidence that the company has a future, and March’s wages…
By Tracey Read · April 8, 2025, 12:58 PM EDT Clifford Chance LLP announced Tuesday that it has hired the former co-chair of Gibson Dunn & Crutcher LLP’s corporate restructuring practice to co-lead its global restructuring and insolvency practice…. To view the full article, register now. Read the original article here
Timaru recruitment firm insolvent: Creditors owed $525k The Press Read the original article here
The Container Store said the bankruptcy process will have no impact on customers and that it will keep all 102 of its U.S. locations open. Smith Collection/Gado/Getty Images hide caption toggle caption Smith Collection/Gado/Getty Images The Container Store — once the premier hub for all things storage and organization — filed for bankruptcy amid mounting…
Infinexa, a Romanian entrepreneurial company specializing in the restructuring and financing of distressed businesses, with approximately €170 million in assets under management, has been appointed by the Galați Court as the judicial administrator of Grande Gloria Production S.A., Passage Food S.R.L., and Gloria Market S.R.L.—three companies within the Grande Gloria Production Group, headquartered in Galați.…
The National Company Law Tribunal (NCLT) has declared Ansal API bankrupt, putting thousands of homebuyers and investors in a crisis. The tribunal has also appointed an Interim Resolution Professional (IRP) to handle the company’s projects, raising concerns about whether investors will ever get their money back. What Went Wrong? Ansal API had undertaken major real…
Coatbridge-based decorating firm Andrew P Orr (Decorators) Limited has ceased trading. Gordon McIntyre and George Lafferty, insolvency practitioners with McLaren Insolvency, have been appointed joint provisional liquidators of the company, which traded as Orr Decorators. Founded 40 years ago, Orr Decorators had a turnover of nearly £3 million and employed 32 staff. The business provided…
Nicole Tyson, counsel for Kingston’s trustee in bankruptcy, told the Federal Court last week that Kingston had further bank accounts and, potentially, assets in Hong Kong that required investigations to learn more about his financial position. The court heard the $151 million provided to the Sargon-associated company by the Chinese financier appeared to have been…