How might Ukraine’s war effort go bankrupt? Developments over the past few weeks recall the words of Ernest Hemingway: “Two ways. Gradually, then suddenly.” Should that prove true, it will spell bad news not only for those insisting on an unconditional Ukrainian victory, but also for those pressing for a diplomatic settlement of the conflict.…
How WeWork Went From $47 Billion Unicorn to Bankrupt Penny Stock The Wall Street Journal Read the original article here
Topline Shared office space company WeWork filed for bankruptcy late Monday, joining a crowded list of high-profile companies to go under recently, as 2023 heads toward becoming the second-busiest year for bankruptcies in more than a decade. WeWork filed for bankruptcy Monday, becoming the latest high-profile firm to go under. Getty Images Key Facts WeWork’s…
Former high-flying start-up WeWork has filed for bankruptcy, marking a fresh low for the co-working company that struggled to recover from the pandemic and its failed initial public offering in 2019. WeWork, the SoftBank Group-backed start-up whose meteoric rise and fall reshaped the office sector globally, sought US bankruptcy protection on Monday, after its bets…
JKN Ms Jakrajutatip has been outspoken about her experiences as a transgender woman The Thai owner of the Miss Universe pageant, which was once part of former US president Donald Trump’s business empire, has filed for bankruptcy a year after buying it for $20m (£16.4m). JKN Global Group has said it would try to resolve…
The company behind the global Miss Universe competition has filed for bankruptcy just a week out from its international beauty pageant. Overnight, Thailand-based JKN Global Group submitted a petition for “business rehabilitation” into a Thai court. That’s the nation’s equivalent of declaring bankruptcy and securing the protections that come with it, including urgently restructuring the…
Once said to be worth about £40million, Katie Price has been declared bankrupt again. Bankruptcy is a legal process when a person or business is unable to repay spiralling debts. The I’m A Celebrity… Get Me Out Of Here star owes £761,994.05 to HM Revenue and Customs (HMRC), a court has been told. It has…
LDR The nominee for Bristol City Council possible next leader fears plans to meet the SEND budget deficient might not be ‘deliverable’ Bristol City Council’s plan to balance its books when it comes to supporting children with additional needs could exceed the time and money currently proposed. If the authority misses its targets for children…
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…