Brazil’s Central Bank (BC) on Tuesday (20) ordered the extrajudicial liquidation of Will Bank, expanding the fallout from the collapse of Banco Master and adding R$6.3 billion in deposits that will now have to be covered by the Credit Guarantee Fund (FGC). The move comes two months after Master itself was placed into liquidation, a…
A health club in Derbyshire where a sauna fire broke out at the weekend has struck a deal with its creditors, including HM Revenue and Customs (HMRC), external. Mark Clifford PT Ltd, which operates The Clifford Health Club and Spa in Long Eaton, has entered a Company Voluntary Arrangement (CVA), which allows insolvent limited companies…
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Key Points Revo Hospitality Group filed for insolvency under self-administration on January 16, 2026, affecting around 125 hotels and 5,500 employees in Germany and Austria. The company’s rapid expansion to over 250 hotels across 12 countries led to integration problems, rising costs, and liquidity issues, causing financial distress since September 2025. Revo aims to continue…
By Peter Drennan* When the High Court placed six Chance Voight (CVI) entities into interim liquidation on 9 December 2025, many observers noted the procedural similarities to the Du Val collapse of 2024. But as someone tracking these matters closely, I think the more interesting question isn’t whether the cases look similar, it’s whether Chance Voight…
Berlin, 20 Jan 2026, 17:20 CET Revo Hospitality has initiated insolvency proceedings under self-administration, affecting roughly 140 group companies and 125 hotels across Germany and Austria. The company says the affected hotels will remain open as restructuring continues through the summer. Revo manages hotels for leading global brands as well as its own labels, raising…
Jo Streeten, managing director at AECOM (Building + Places), said: “A fall in construction insolvencies this month, with levels lower than both last month and this time last year, is a surprising but welcome sign of stabilisation across the sector as we enter 2026. “Winter is always a challenging period, with fewer contracts being signed…
Hospitality group with 260 hotels files for Chapter 11 bankruptcy thestreet.com Read the original article here
A major hospitality group that operates hotels at a number of beloved holiday destinations has filed for insolvency. Revo Hospitality Group, formerly known as HR Group, is the largest white label hotel operator in Europe and manages a portfolio of 260 hotels across 12 countries and 146 cities. The group operates hotels under major international brands…