The collapse of New York department store giant Saks has left some of Australia’s biggest fashion labels from Camilla to Aje millions of dollars out of pocket and underlined the challenges facing local retailers Myer and David Jones as they try to turn around their businesses. The decision by Saks Global – the parent company…
Latest monthly statistics from the Insolvency Service show that there were 351 business insolvencies registered in Northern Ireland in 2025, which was an increase of 15% from 2024 (305 insolvencies). The increase was largely driven by a 56% increase in compulsory liquidations, although the number of CVLs decreased by 22%, while administrations increased by 47% and CVAs increased by…
JANUARY 21, 2026 The legal and financial troubles surrounding former Formula 1 driver Adrian Sutil have deepened, with a luxury car company closely linked to him now declared insolvent. Adrian Sutil, German GP 2010© The Cahier Archive According to WirtschaftsWoche, Munich-area firm DS Motoren GmbH has filed for insolvency following Sutil’s arrest late last year.…
Brazil’s Central Bank (BC) on Tuesday (20) ordered the extrajudicial liquidation of Will Bank, expanding the fallout from the collapse of Banco Master and adding R$6.3 billion in deposits that will now have to be covered by the Credit Guarantee Fund (FGC). The move comes two months after Master itself was placed into liquidation, a…
A health club in Derbyshire where a sauna fire broke out at the weekend has struck a deal with its creditors, including HM Revenue and Customs (HMRC), external. Mark Clifford PT Ltd, which operates The Clifford Health Club and Spa in Long Eaton, has entered a Company Voluntary Arrangement (CVA), which allows insolvent limited companies…
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Key Points Revo Hospitality Group filed for insolvency under self-administration on January 16, 2026, affecting around 125 hotels and 5,500 employees in Germany and Austria. The company’s rapid expansion to over 250 hotels across 12 countries led to integration problems, rising costs, and liquidity issues, causing financial distress since September 2025. Revo aims to continue…
By Peter Drennan* When the High Court placed six Chance Voight (CVI) entities into interim liquidation on 9 December 2025, many observers noted the procedural similarities to the Du Val collapse of 2024. But as someone tracking these matters closely, I think the more interesting question isn’t whether the cases look similar, it’s whether Chance Voight…
Berlin, 20 Jan 2026, 17:20 CET Revo Hospitality has initiated insolvency proceedings under self-administration, affecting roughly 140 group companies and 125 hotels across Germany and Austria. The company says the affected hotels will remain open as restructuring continues through the summer. Revo manages hotels for leading global brands as well as its own labels, raising…