Sign up to Simon Calder’s free travel email for expert advice and money-saving discounts Get Simon Calder’s Travel email Get Simon Calder’s Travel email A European hotel group with hundreds of properties has filed for insolvency in Germany. The Revo Hospitality Group, formerly the HR Group, filed for insolvency under self-administration at the Charlottenburg district…
The group operates hotels under major international brands including Accor, Wyndham, Hilton, Marriott and IHG, as well as its own brands Vagabond Club, Hyperion and Aedenlife. In a statement, according to the Scottish Sun, the group said: “Around 140 companies belonging to the Revo Hospitality Group have filed for insolvency under their own management at…
Latest figures from the Accountant in Bankruptcy (AiB) show there were 1,272 corporate insolvencies registered in Scotland in 2025, marginally up from 1,236 in 2024 and 1,234 in 2023. Compulsory liquidations were 13% higher than in 2024, and 23% higher than in 2023. In December 2025, there were 111 company insolvencies registered in Scotland, 35% higher…
The company was inspired by the the story of William Slingsby, who is said to have discovered the “unique properties” of natural spring water in Harrogate in 1571. Entrepreneurs Marcus Black and Mike Carthy founded the firm to “celebrate the spa town heritage”, according to the company’s website. Their Slingsby Gin products use water drawn…
OpenAI’s ChatGPT might be undergoing a drastic change that could leave many users unhappy. The world’s most popular AI chatbot boasts over 800 million weekly users, primarily young adults who use it for learning, work, and productivity. However, the company has faced scrutiny over the past year for inadequate safeguards for younger audiences, leading to…
Businesses owners warned to stay vigilant as corporate insolvency levels remain high wigantoday.net Read the original article here
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Latest data from the Insolvency Service for England & Wales has shown that business insolvencies increased by 0.2% in 2025 when compared to 2024, rising to 23,938 from 23,880 The 2025 insolvencies comprisied of 18,525 creditors’ voluntary liquidations (CVLs), 3,730 compulsory liquidations, 1,495 administrations, 186 company voluntary arrangements (CVAs) and two receivership appointments. In 2025,…
Austrian energy company Heizma is integrating several hundred photovoltaic systems as well as ongoing projects from insolvent Dutch provider Soly into its platform. The acquisition includes full support for Austrian customers and strengthens Heizma’s position in the field of decentralized energy solutions. The Vienna-based scale-up is positioning itself as a stability anchor in a market…