Ex-Chiefs Boss’ Club Declared Financially ‘Insolvent

Boavista Manager Stuart Baxter Former Kaizer Chiefs boss Stuart Baxter’s time at Boavista is more uncertain than ever as the club faces intense financial troubles. Check Out: Ex-Chiefs Boss To Learn ‘Fate’ After Relegation The 71-year-old was brought in toward the end of last season in a desperate bid to turn the club’s fortunes around,…

Insolvency board makes it mandatory to list fraudulent trades in sale prospectus

New Delhi: Administrators of bankrupt businesses must mandatorily disclose all dubious transactions carried out by a company’s management while preparing its sale prospectus under the bankruptcy code, the Insolvency and Bankruptcy Board of India (IBBI) has said. The regulator’s latest amendment to the Insolvency Resolution Process for Corporate Persons states that corporate restructure plans prepared…

La Perla manufacturing arm declared insolvent

There continues to be rumblings surrounding lingerie brand La Perla. The Bologna court has declared La Perla Manufacturing Srl insolvent, several Italian media outlets have reported. This branch of the La Perla Group is responsible for manufacturing the brand. The branch is now in receivership. So it is not (yet) about the entire company behind…

Kate Moss’s Beauty Brand Is Insolvent

In recent years, more and more celebrities have launched beauty and wellness brands. Even ’90s supermodel Kate Moss jumped on this trend, launching her own brand, Cosmoss, in 2022. As it turns out, the venture has met with moderate success. Gwyneth Paltrow, Kourtney Kardashian, and Miranda Kerr launched their own wellness and lifestyle brands. Stars…

China’s GAC Fiat Chrysler JV declared bankrupt

GAC Fiat Chrysler Automobiles Company, the joint venture between the Netherlands-headquartered automaker Stellantis NV and Chinese state-owned Guangzhou Automobile Group, has been officially declared bankrupt. The company recently disclosed documents confirming that a court in China’s Hunan Province has officially declared the company bankrupt, according to local reports. GAC Fiat Chrysler Automobiles was founded in…

23andMe bankrupt: Anne Woj

On Friday, days before 23andMe’s bankruptcy filing, California Attorney General Rob Bonta issued an urgent alert reminding 23andMe customers of their legal rights under state law – and called on them to consider deleting and destroying any genetic data held by the company. Bonta’s office pointed to 23andMe’s ongoing financial distress and the “trove of…