A major hospitality group that operates hotels at a number of beloved holiday destinations has filed for insolvency. Revo Hospitality Group, formerly known as HR Group, is the largest white label hotel operator in Europe and manages a portfolio of 260 hotels across 12 countries and 146 cities. The group operates hotels under major international brands…
IFGL Refractories Discloses Material Subsidiary’s Auditor Insolvency Issue scanx.trade Read the original article here
‘Wave of bankruptcies’ in Germany Germany’s retail and wholesale landscape has been facing a sharp rise in business insolvencies, with traditional, long-established companies particularly affected. According to figures from the German Federal Ministry for Economic Affairs, the number of corporate bankruptcies…
20 January 2026 In 2025, the total number of company insolvencies registered held fairly steady in comparison with the previous year at 23,938. While the total number of company insolvencies in 2025 was similar to 2024, the number of compulsory liquidations reached 3,730 – its highest since 2012. Furthermore, the past four years have seen…
For decades, the world has been warned of a looming water crisis. A landmark report released today at the United Nations Headquarters argues that the time for “crisis management” has passed. The report, Global Water Bankruptcy: Living Beyond Our Hydrological Means in the Post-Crisis Era, is the outcome of an investigation led by Kaveh Madani,…
UK retail and hospitality business owners breath a sign of relief as statistics released today by The Insolvency Service show that company insolvencies fell to 1,671 in December 2025, a decrease of 10% month-on-month, after facing one of the most challenging years. Wholesale, retail and hospitality traders accounted for 30% of all company insolvencies in…
When you buy through links on our articles, Future and its syndication partners may earn a commission. Credit: Getty Images | Anadolu OpenAI is arguably one of the most sought-after AI research labs, primarily because of ChatGPT. Microsoft CEO Satya Nadella argues that the firm had a 2-year lead to develop ChatGPT uncontested, which uniquely…
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. According to WirtschaftsWoche, Munich-area firm DS Motoren GmbH has filed for insolvency following Sutil’s arrest late last year. The 42-year-old former F1 racer has been in pre-trial detention since…
Dharan Infra-EPC Limited Settles Financial Creditor Dues, Initiates CIRP Withdrawal Process scanx.trade Read the original article here
Nigel Dinneen got more than £400k in credit from victims even though he was bankrupt General view of Derby Crown Court(Image: ) A bankrupt builder who illegally obtained more than £400,000 for home improvement projects has been locked up. Nigel Dinneen secured advance payments from five victims in the Midlands without telling them that he…