Miss Universe’s Thai owner is seeking a debt rescue.
Media distribution company JKN Global Group has filed for bankruptcy, CEO Jakkaphong Jakrajutatip announced in a letter to shareholders yesterday (Nov. 9). The petition for business rehabilitation was filed the day prior, it said.
It’ll be business as usual while steps are taken to “solve the company’s liquidity problem under legal mechanism and provide fair protection to all stakeholders,” Jakrajutatip wrote. That means the competition in El Salvador on Nov. 18 will go on. A notice on JKN’s website confirms the news and reaffirms that “the legacy of Miss Universe will be carried…
