The loss-making company was valued at $3.56bn in 2021 after the pandemic helped to drive strong demand for its products. It is now valued at around $140m. On Friday, iRobot’s shares fell by more than 13% on the technology-heavy Nasdaq trading platform in New York. iRobot said the bankruptcy filing was not expected to disrupt…
Roomba robot vacuums made by iRobot are displayed on a shelf at a Target store in California. Justin Sullivan/Getty Images hide caption toggle caption Justin Sullivan/Getty Images The U.S. company that put robot vacuums into American homes has hit the skids. The maker of Roomba, called iRobot, has filed for bankruptcy about two years after…
The NCLAT has set aside an appeal by SEBI, where the markets regulator had asked the tribunal to recover the penalty imposed by it against an entity related to the diversion of funds in the Religare Finvest matter, saying such claims cannot be filed once the liquidation process begins under IBC. There was no infirmity…
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From power broker to bankrupt: Cyrus Jirongo’s gradual fall from grace Daily Nation Read the original article here
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Unsecured creditors of Mackenzie tyre company not likely to see any money The Press Read the original article here
The husband of former federal government staffer Brittany Higgins has been declared bankrupt in a Perth court, paving the way for administrators to find out what happened to the $2.4 million settlement Ms Higgins received. Former Liberal senator Linda Reynolds on Tuesday succeeded in her bid to have David Sharaz declared bankrupt. Federal Registrar Camille…