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 like Hailey Bieber, Selena Gomez, and Lady Gaga have makeup lines. The concept can work. Kate Moss also launched her brand Cosmoss in 2022 with the goal of creating products with natural ingredients. On Instagram, it was stated: “Cosmoss is self-care, developed for the modern journey of life, to celebrate each day–as it is, with all its imperfections. All products are carefully crafted,…

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 2010, with both partners holding 50% of the equity. The joint venture received investments of around CNY 17 billion (US$ 2.4 billion) and began producing Chrysler SUV models under the Jeep brand, including the Compass, Cherokee, and Renegade, from 2015. Local sales peaked at 220,000 units in 2017.

Sales plunged…

Philip Ballard, of Ballard Business Recovery, was appointed voluntary liquidator for Essentially Tiles last month and he has instructed Kumar and Company to auction off the company’s assets.

The Walsall chartered surveyors, valuers and auctioneers are running an online auction sale, which continues until Thursday July 17, which also includes two forklift trucks and a long wheelbase van as well as grouting and adhesives.

Based on the Stourbridge Estate, on Mill Race Lane, Essentially Tile’s warehouse is currently stacked with 5,000 different product lines.

Rajiv Kumar, managing director of Kumar and Company,…

He was summoned from Pakistan to Mumbai by his cousin Prithviraj Kapoor; he assisted K Asif on Mughal-E-Azam and worked as a secretary to Geeta Bali. He debuted as a producer with a film starring Rajesh Khanna. But things fell apart some years later, when a major flop sent him spiralling into debt. He was too unwell to pay the money back, but was slapped with several legal cases. His son was forced to step up, which he did. The producer’s name was Surinder Kapoor, and he was the father of Boney Kapoor, Anil Kapoor, and Sanjay Kapoor. Surinder Kapoor came to Mumbai after the Partition, and lived in distant relative Raj Kapoor’s outhouse with his wife. The family then moved into a one-bedroom ‘kholi’ in Tilak Nagar, Mumbai.

In a…

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 La Perla.

The news from Italy comes shortly after the judicial liquidation of La Perla Global Management UK began in the UK. This company owns the La Perla brand and all its global assets. As recently as mid-January, a court in Bologna called a halt to the UK company’s sale of the brand.

The Italian branch that has now been declared insolvent has about 330 employees, according to media reports….

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Insolvency specialist Begbies Traynor has posted a near doubling of its pre-tax profits, driven by a rise in higher-value corporate failures and sustained demand for advisory services across the UK.

The firm, which is listed on AIM, reported pre-tax profits of £11.5 million for the year to 30 April 2025, up from £5.8 million a year earlier. Revenues rose by 12% to £153.7 million, from £136.7 million in 2024.

Executive chairman Ric Traynor said the results marked the company’s tenth consecutive year of profit growth, adding that the performance was “driven by strong levels of organic growth delivered across our broad range of advisory services”.

The firm said its business recovery division, which accounted for more than…

The Education Department will soon begin to charge interest on student debt for an estimated 7.7 million borrowers who’ve been in legal limbo since a repayment plan created by President Joe Biden was blocked in court.

The interest charges for people enrolled in the Saving on a Valuable Education, or SAVE program, will begin on Aug. 1, according to an Education Department official, although, for now, borrowers do not have to resume making loan payments.

The department plans to encourage affected borrowers to switch to other repayment plans currently offered by the Trump administration, the official said, adding that an announcement regarding the interest payments will be made on Wednesday.