Saks Global has declared bankruptcy. The owner of Saks Fifth Avenue and other iconic luxury department stores filed for Chapter 11 bankruptcy late Tuesday in the Southern District of Texas. Each of Saks Global’s marquee brands — it also owns Neiman Marcus and Bergdorf Goodman — is a luxury retailing giant founded more than a century…
Global advisory firm Teneo buys PwC’s NZ restructuring business BusinessDesk | NZ Read the original article here
Deal for control of embattled luxury retail platform expected to close before Feb. 13. The co-founders of Montréal-based Ssense are close to regaining control of their luxury retail platform after it went into bankruptcy protection this past fall. Ssense entered insolvency proceedings in September, after its lenders sought a quick sale amid a cash…
German business lobby raises alarm over highest number of bankruptcies in 11 years Reuters Read the original article here
Christopher Steele was behind Kitchen 77, which operated venues including the Drunken Coo steakhouse, Arthur Street Kitchen and Stage Door Cafe in Ayr, as well as the Hollybush Inn. He was handed a six-year ban on directing a company back in 2022 after failing to disclose where money went after a previous business went bust.…
Mervyn King broke down in tears on the last day of UK Qualifying School in Milton Keynes after reclaiming his PDC Tour Card two years after losing it in 2024. The soon-to-be 60-year-old will return to the professional circuit less than 12 months after being declared bankrupt. King told The Sun back in March last…
Annual bankruptcies fall by 15%, but hospitality businesses still failing faster | NL Times Skip to main content Read the original article here
Two rail freight operators in Poland are reportedly filing for bankruptcy. It concerns Ost-West Logistic Poland and Cargoway, companies which occupy a minor share of the market. Various Polish media report the bankruptcies. Ost-West Logistic Poland is said to have filed for bankruptcy on 31 December. RailFreight.com could not verify the bankruptcy application. The company…
Which companies go bankrupt most often in Ukraine? 780 companies began bankruptcy proceedings in 2025, according to data from the Supreme Court of Ukraine. This is about 10% of the total number of business closures. The turnover of the largest bankrupt companies ranges from UAH 3.4 to 7.7 billion. Most often, limited liability companies go…
Darts star who was declared bankrupt breaks down in tears after regaining Tour Card talkSPORT Read the original article here