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…
Local news site RTL Nieuws claims JD Sports’ Dutch subsidiary owns 54 stores across its three retail brands and employs around 1,100 people. The site also suggests Sports Unlimited Retail suffered a €9m loss in 2021, but reportedly did not fear for its survival as it was financially supported by JD Sports. Credit: Shutterstock.… Read…
Sports Unlimited Retail (SUR), which is a subsidiary of JD Sports-owned Iberian Sports Retail (ISRG), trades from 52 stores in the Netherlands under the Sprinter, Aktiesport and Perry Spors brands. The business will now be run by a bankruptcy trustee as appointed by the district court of Amsterdam, the Netherlands. A SUR spokesperson said: “Sports…
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Dutch startup Pieter Pot has officially declared bankruptcy, following the Rotterdam court’s decision on Thursday, December 14. The announcement came after the court declined to grant Pieter Pot an additional week for an alternative rescue and financing plan, leaving Jouri Schoemaker (founder) in the dark about the precise reasons behind the decision. “We had to…
The company at the centre of Victoria’s recycling crisis will be wound up after it was declared insolvent in the Supreme Court of Victoria. Key points: SKM earlier warned 400,000 tonnes of material could end up in landfill if it went under An Australian Workers’ Union representative said the company was “too big to fail”…
Horizon was the former accounting system used by the Post Office. Between 1999 and 2015, a number of Postmasters experienced shortfalls in cash and stock in relation to the data produced by Horizon. As a result, Postmasters were required to make good the shortfall. In some cases, this led to bankruptcy, where some postmasters may…
Swedish electric motorbike company Cake files for bankruptcy. The company, which makes extremely unique-looking utility-themed motorbikes and motorcycles, was forced to make the decision after a major investor bailed right before a funding round was set to close, according to Electrek. Certainly this will come as sad news to fans of Cake’s two-wheelers, which are…
‘I was made bankrupt by Horizon scandal’ BBC.com Read the original article here
The Federal Court has ordered that a company associated with Melbourne business figure “Diamond” Joe Gutnick be wound up and declared insolvent amid allegations of millions of dollars of dishonest related party transactions. The Federal Court on Wednesday appointed liquidators to the publicly traded mining company Merlin Diamonds Limited after a provisional liquidators’ report showed…