Stay informed with the latest in insolvency news and industry updates. We can keep you up to date with insolvency and finance information from around the world.
The company was founded in 2019 and ended up reaching a significant TikTok audience, pulling in annual sales nearing £5 million
The beauty firm had shot up in size but has now collapsed – file image
A multi-million pound UK beauty firm has fallen into liquidation – with staff made redundant and all trading coming to a halt. Mallows Beauty, founded in 2019, had a loyal TikTok customer base and sold products like scrubs, lotions and shave butter.
The Welsh firm sourced products from wholesale suppliers and was making annual sales nearing £5 million at its peak – while also boasting a workforce of 25 people, Wales Online reports. However, it entered voluntary liquidation this week and now reportedly owes 57 creditors a combined total of…
Among the 27 sites it has across the country, the firm operates facilities on Christow Road at Marsh Barton Trading Estate in Exeter and on Sutton Road in Plymouth.
The government confirmed that the official receiver will wind down the company and investigate the circumstances surrounding its collapse, including the conduct of current and former directors.
The insolvency service has issued instructions to staff in possession of company-owned vehicles, laptops or mobile phones, advising them to stop using them and make contact to arrange their return.
Employees may apply for redundancy and certain other statutory payments once they have received a case reference from the liquidator.
A commercial court has pronounced the judicial liquidation of French insect agriculture pioneer Ÿnsect following a hearing held earlier this week. The company, once seen as the poster-child for protein production via insect farming, now “calls for the acquisition of assets to continue its mission,” according to an official statement.
Timeline:
Ÿnsect made a name for itself with an industrial-scale mealworm farming operation producing protein for animal feed, pet food, and fertilizer. It’s last few years have been dotted with struggles:
In 2023 the company conducted layoffs as part of a wider strategy shift away from feed to the higher-value pet food sector.
Despite raising more than $500 million, the company…
WEST ORANGE, N.J., Dec. 03, 2025 (GLOBE NEWSWIRE) —
Bel
Fuse Inc
. (Nasdaq: BELFA and BELFB) (“Bel” or “the Company”), a leading global manufacturer of products that power, protect and connect electronic circuits, today announced an anticipated impairment charge related to its noncontrolling minority investment in innolectric AG (“Innolectric”), a Germany-based e-Mobility technology company.
As previously disclosed, Bel acquired a noncontrolling one-third (
1
/
3
) minority stake in Innolectric in February 2023, as a rising leader in the eMobility market driven by its innovative power products, strong intellectual property portfolio, and talented engineering team. Despite…
Canadians affected by a 23andMe data security breach two years ago have reached a proposed class-action settlement with the genetic testing company for approximately $4.49 million.
Canada’s privacy watchdog said in June the personal data of almost seven million people, including nearly 320,000 in Canada, was compromised by hackers over a five-month period beginning in April 2023.
That data included highly sensitive information related to health, race and ethnicity, as well as details about relatives, date of birth, sex at birth and gender.
A press release says the proposed settlement is a “compromise” of disputed claims and not an admission of guilt by the company.
Depending on the circumstances, you could end up paying a lot less than the full balance on your medical debt.
ADragan/Getty Images
Medical bills have a way of surprising you, and typically not in a good way. Even routine medical procedures can come with pages of itemized charges, insurance adjustments and remaining balances that seem to shift, or, in the worst-case scenario, grow, from week to week. And, as the increases to healthcare costs continue to outpace wages and inflation, more Americans are looking for ways to…
A photo dated Jan 10, 2024 shows a woman selling items on the streets of Kumasi, Ghana. The World Bank warned in a new report that poor countries will be stuck in economic ‘purgatory’ without debt relief. (Photo: New York Times)
As G20 leaders met in Johannesburg last month, they faced a grim reality: many developing-country governments are spending more than they can afford on debt service. To keep funds flowing to foreign creditors,…
Vedanta Ltd has secured approval from the National Company Law Tribunal’s Kolkata Bench to acquire Incab Industries, paving the way for a significant push into the downstream copper and aluminium space. The tribunal’s order clears the final hurdle in a long-pending Corporate Insolvency Resolution Process under the Insolvency and Bankruptcy Code.
Incab Industries, headquartered in Kolkata with manufacturing units in Jamshedpur and Pune, specialises in power cables and industrial wires that rely heavily on copper and aluminium. Its portfolio spans power cables, rubber and plastics, fibre optic cables and winding wires.
The company’s installed capacities include 6,000 km of power cables, 274 million core km of rubber and plastics, 500…
Among the 27 sites it has across the country, the firm operates facilities on Christow Road at Marsh Barton Trading Estate in Exeter and on Sutton Road in Plymouth.
The government confirmed that the official receiver will wind down the company and investigate the circumstances surrounding its collapse, including the conduct of current and former directors.
The insolvency service has issued instructions to staff in possession of company-owned vehicles, laptops or mobile phones, advising them to stop using them and make contact to arrange their return.
Employees may apply for redundancy and certain other statutory payments once they have received a case reference from the liquidator.
The firm soared from kitchen-table beginnings to a booming TikTok-era audience – but things started to unravel after months of difficulties
Sion Barry and Tom Towers Senior News Reporter
17:13, 03 Dec 2025Updated 17:13, 03 Dec 2025
The UK beauty firm’s collapse has left the founder devastated and staff without jobs – file image
A multi-million pound British beauty firm has collapsed into liquidation after months of financial difficulties. Welsh business Mallows Beauty was founded in 2019 and soared from kitchen-table beginnings to wholesaling scrubs, lotions and shave butter for a booming TikTok-era audience.
At its peak, it was pulling in annual sales approaching £5 million and had a workforce of 25 people. However, things fell apart…
Passing a common order in two identical matters, where the National Company Law Tribunal (NCLT) had itself appointed liquidators of two insolvency-bound companies, the appellate tribunal set aside those appointments, observing “only CoC has the authority to select the candidate for replacing the RP”.
The National Company Law Appellate Tribunal (NCLAT) said the…
MANILA, Philippines — The Philippines emerged in the lowest category in global ranking of insolvency regimes, with S&P Global Ratings citing weak protections for creditors and unpredictable outcomes when companies undergo rehabilitation or bankruptcy.
The global debt watcher classified the Philippines as a Group C jurisdiction based on its assessment released yesterday.
The classification does not affect the country’s existing credit ratings, S&P stressed.
“The Group C jurisdiction ranking assessment on the Philippines reflects the country’s overall weak legal…
