Jeff Bezos Said ‘I Predict One Day Amazon Will Fail. Amazon Will Go Bankrupt’ — But the Key to Prolonging That Demise Is to ‘Obsess Over Customers’

Bankruptcy

Benzinga and Yahoo Finance LLC may earn commission or revenue on some items through the links below. Success has a funny way of convincing people it’s permanent. Amazon (NASDAQ:AMZN) founder Jeff Bezos spent years warning that no company—not even his own—is immune from decline. Back in 2018, while Amazon was expanding at a breathtaking pace,…

German battery maker Varta files insolvency applications

Bankruptcy

MUNICH, July 24 (Reuters) – German battery manufacturer Varta has filed four insolvency applications, a spokesperson for the Stuttgart district court said on Friday, marking another setback for the company. • Reuters reported on Thursday that Varta planned to file for insolvency after its shareholders sports car maker Porsche AG and Austrian investor Michael Tojner…

Overseas workers conned out of thousands by fake care recruiter which never filed a single visa application | Insolvency Service

Bankruptcy

London company shut down in the public interest following an Insolvency Service investigation Twenty-three workers from Nigeria, Pakistan and the Philippines lost more than £19,000 after paying upfront fees to a company that never filed a single visa application or provided any employment services Medrecruiter Limited had no physical office, no Home Office sponsorship licence,…