Amber Beverage Latvia files for insolvency

Amber Beverage Group (ABG) has filed for voluntary legal restructuring under Tiesiskās Aizsardzības Process (TAP) for its Latvian division to establish a sustainable financial structure following multiple setbacks. Amber Beverage Group’s Latvian subsidiary hopes to develop a plan to address revenue issues and taxes The filing for the legal protection process was submitted to the…

Europe’s largest hotel group with over 260 sites collapses into administration

Europe’s largest white-label hotel operator has filed for insolvency due to rising costs, with 125 hotels in Germany and Austria remaining open Revo Hospitality has filed for insolvency under self-administration(Image: Map) A prominent hotel operator across Europe has declared insolvency, raising serious questions about the fate of its properties throughout the continent. Revo Hospitality Group,…

The ‘crazy’ impact of Grand Slam Track bankruptcy on emerging US star

Join the Miguel Delaney: Inside Football newsletter and get behind-the-scenes access and unrivalled insight Join the Miguel Delaney: Inside Football newsletter Join the Miguel Delaney: Inside Football newsletter The ambitious Grand Slam Track (GST) league, conceived to inject vital funds into athletics and its athletes, has officially declared bankruptcy, leaving dozens of runners and numerous…

Native Instruments CEO insists ‘business as usual’ after insolvency filing · News ⟋ RA

Native Instruments CEO insists ‘business as usual’ after insolvency filing · News ⟋ RA Nick Williams said operations, sales and product support will continue despite German pre-insolvency process. The Native Instruments CEO has released a statement following the company’s entry into preliminary insolvency proceedings. Published to the firm’s blog last Thursday, January 29th, Nick Williams’…