IKKS Belgium bankrupt, dozens of jobs at risk

© sylv1rob1 / Shutterstock.com The Belgian subsidiary of French fashion retailer IKKS has just been declared bankrupt. This will affect around ten stores and dozens of jobs. Franchisees are expected to remain open. Takeover in France The French fashion retailer, which had been under judicial reorganization since October 2025, found a buyer in December: Santiago…

Appellate proceedings do not relate to insolvency or inability to meet our obligations – AMNI

AMNI International Petroleum Development Company Limited (AMNI) has clarified that appellate processes which it is pursuing through appropriate judicial channels do not relate to insolvency or inability to meet its obligations. Didi Akinyelure, Head, Corporate Communications in a statement said the company continues to operate in the ordinary course of business and remains fully committed…

Pepco Germany ends insolvency proceedings

Last summer, the German subsidiary of retailer Pepco NV filed for insolvency. Following a comprehensive restructuring that included significant cuts to its store network, the discounter is now set for a fresh start in the country. The self-administered insolvency proceedings for Pepco Germany GmbH, which began on October 1, will end on February 28, the…

Hainsberg paper mill is back in insolvency

A paper mill in Hainsberg in the German state of Saxony has once again entered insolvency proceedings. On 5 February 2026, the Dresden District Court appointed lawyer Susanne Berner from the law firm Dr Berner & Partner Rechtsanwälte as provisional insolvency administrator. Over the coming weeks, she is expected to gain an overview of the…