Dutch startup Hardt Hyperloop declared bankrupt

Hardt Hyperloop project. Source: Hardt Hyperloop Savenkova Ekaterina, Editorial Contributor to International Projects of ROLLINGSTOCK Agency Netherlands: An external administrator has been appointed to the company. In a press release, Hardt Hyperloop acknowledged the bankruptcy and stated it is “exploring all options to continue operations”. No official reasons for the bankruptcy have been disclosed. Hardt…

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Stonewall Hotel falls into administration

First, it was the roof collapsing, now it’s the business: Stonewall Hotel Pty Ltd, the company behind the Oxford Street gay bar Stonewall Hotel, which was recently acquired by US-based Pride Holdings Group, has fallen into administration. Documents lodged with the corporate regulator, the Australian Securities and Investments Commission (ASIC), at 1.43pm on Friday, March…

Sky supermarket chain files for insolvency / Article

“Skai Baltija” LLC, which operates the “Sky” supermarket chain, filed for bankruptcy on Friday, March 13th, the company announced. “Skai Baltija” management noted that the company is no longer able to compete in a price war with large foreign-owned retail chains. Additionally, the geopolitical situation in recent years has significantly increased operating costs.  The “Sky”…