German womenswear brand Les Lunes is insolvent

Sustainably-focused womenswear brand Les Lunes is insolvent. Les Lunes GmbH has filed for self-administration proceedings at the relevant district court in Charlottenburg, the Berlin-based company announced on Friday. The application has been accepted and the preliminary self-administration confirmed. Lawyer Torsten Martini from the law firm Görg has been appointed as the provisional trustee. The reason…

Debt recovery in construction could add to growing number of firms in ‘critical distress’, experts warn

Certain factors contributing to the statistics coming from the construction sector include: Rising National Insurance payments Higher National Minimum Wage Higher material and labour costs Tight margins in housebuilding Regulatory pressures Fixed-term contracts Subdued activity Project delays Cashflow Despite signs of improvement in Q1 this year, the health of the British economy had fallen in…