How WeWork Went From $47 Billion Unicorn to Bankrupt Penny Stock – The Wall Street Journal
How WeWork Went From $47 Billion Unicorn to Bankrupt Penny Stock The Wall Street Journal Read the original article here
15 Notable Companies To Go Bankrupt Since 2022—From WeWork And SVB To Bed Bath & Beyond
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…
WeWork goes bankrupt, capping co-working start-up’s downfall
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…
Thai owner of Miss Universe goes bankrupt
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…
Company behind Miss Universe competition JKN Global Group files for bankruptcy
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…
What Katie Price has said about bankruptcy and threats of jail
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…
Fresh fears Bristol City Council could be declared bankrupt
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…
Fisker tried to out-Tesla Tesla, and now it’s bankrupt
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…
JD Sports-owned Sports Unlimited Retail declared bankrupt
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…
JD Sports’ Dutch subsidiary declared bankrupt
Sports Unlimited Retail (SUR), which is a subsidiary of JD Sports-owned Iberian Sports Retail (ISRG), trades from 52 stores in the Netherlands under the Sprinter, Aktiesport and Perry Spors brands. The business will now be run by a bankruptcy trustee as appointed by the district court of Amsterdam, the Netherlands. A SUR spokesperson said: “Sports…