Sonder will “complete a wind-down of operations,” declaring bankruptcy in the U.S. and insolvency overseas, the company said Monday. The word came a day after Marriott ended a licensing agreement that had failed to meet financial obligations. Sonder, which ran apartments and hotels as a hotel-like business, cited “severe financial constraints” stemming from prolonged technical…
Brazil Firm Oi Declared Bankrupt After Decade of Struggles Bloomberg.com Read the original article here
Brazil Firm Oi Declared Bankrupt After Decade of Struggles Bloomberg.com Read the original article here
Brazil Firm Oi Declared Bankrupt After Decade of Struggles Bloomberg.com Read the original article here
Last week, the Funko Pop company hit investors with a dramatic disclosure. “There is substantial doubt about the Company’s ability to continue as a going concern for the next twelve months,” it revealed in its latest quarterly earnings report. This is the company warning that it’s at increasing risk of defaulting on its loans. How…
Street Fighter EX series developer Arika, founded by Capcom veterans Akira Nishitani and Mihara Ichiro, recently celebrated its 30th anniversary. To commemorate the milestone, the studio announced a major discount on 2018’s Fighting EX Layer, which is available for only $0.99 on Steam and PS4 as of November 1 (originally $39.99). Ever since the price…
The SA Revenue Service (Sars) will take on former Passenger Rail Agency of SA (Prasa) CEO Lucky Montana unopposed in the Pretoria high court, in a legal bid to attach his assets over a multimillion-rand tax debt. Sars has also requested Montana, now an MP for the MK party, be declared insolvent because his assets…
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Dave Broadbent, chair of R3 in Yorkshire Yorkshire and the Humber recorded a decrease in new business activity in October, as fresh figures reveal declining entrepreneurial confidence across the region. According to the UK’s insolvency and restructuring trade body R3, 4,709 new businesses were launched in Yorkshire and the Humber during October, representing a 5.6%…
Marriott and Sonder have broken up, and guests are bearing the brunt of the fallout. Hotel operator Marriott International signed a licensing agreement with short-term rental company Sonder in August 2024. On Sunday, Marriott announced that the agreement had been terminated due to “Sonder’s default.” The change canceled guests’ current reservations and stopped future bookings.…