Thai owner of Miss Universe goes bankrupt

JKN Ms Jakrajutatip has been outspoken about her experiences as a transgender woman The Thai owner of the Miss Universe pageant, which was once part of former US president Donald Trump’s business empire, has filed for bankruptcy a year after buying it for $20m (£16.4m). JKN Global Group has said it would try to resolve…

Company behind Miss Universe competition JKN Global Group files for bankruptcy

The company behind the global Miss Universe competition has filed for bankruptcy just a week out from its international beauty pageant. Overnight, Thailand-based JKN Global Group submitted a petition for “business rehabilitation” into a Thai court. That’s the nation’s equivalent of declaring bankruptcy and securing the protections that come with it, including urgently restructuring the…

Fisker tried to out-Tesla Tesla, and now it’s bankrupt

Earlier today, Fisker finally did what has seemed inevitable these past few turbulent months: declared bankruptcy. “Like other companies in the electric vehicle industry, we have faced various market and macroeconomic headwinds that have impacted our ability to operate efficiently,” the company said in a statement. “After evaluating all options for our business, we determined…