Support

Tag: bankruptcy

Esprit France declares bankruptcy amidst ongoing financial struggles

August 21, 2024 No Comments Business , , , , , ,

Translated by Roberta HERRERA Published Aug 21, 2024 Following the bankruptcy of Esprit‘s European structure in Germany on May 15, Esprit de Corp France has also entered judicial reorganization. The Nanterre Commercial Court made its decision regarding the company based in Boulogne-Billancourt on July 18. ESPRIT Esprit Europe and six other German subsidiaries had filed [...]read moreEsprit France declares bankruptcy amidst ongoing financial struggles

Fashion brand Esprit files for bankruptcy for its European business

May 15, 2024 No Comments Business , , , , , ,

By Reuters Published May 15, 2024 Esprit Europe GmbH and six other German companies of the fashion group will file for insolvency under self-administration on Wednesday, the company said, as Hong Kong-listed apparel group Esprit Holdings seeks to restructure its European business. ESPRIT This is the second insolvency procedure within four years for Esprit, which had [...]read moreFashion brand Esprit files for bankruptcy for its European business

WeWork Floats Bankruptcy Exit Deal, Without Adam Neumann

May 2, 2024 No Comments Real estate , , , , , ,

The firm plans to rid itself of $4 billion in debt through $450 million in financing and ignores founder Adam Neumann’s bid to buy back the company. At Inman Connect Las Vegas, July 30-Aug. 1 2024, the noise and misinformation will be banished, all your big questions will be answered, and new business opportunities will be [...]read moreWeWork Floats Bankruptcy Exit Deal, Without Adam Neumann

Fisker plans more layoffs as cash dwindles and bankruptcy looms

April 24, 2024 No Comments Technology , , , , , ,

Fisker says it’s planning more layoffs less than two months after cutting 15% of its workforce, as the EV startup scrambles to raise cash to stay alive. Fisker expects to seek bankruptcy protection within the next 30 days if it can’t come up with that money, according to a U.S. Securities and Exchange Commission regulatory [...]read moreFisker plans more layoffs as cash dwindles and bankruptcy looms

SoftBank-backed TabaPay is buying the assets of a16z-backed Synapse, after it filed for bankruptcy

April 22, 2024 No Comments Technology , , , , , , ,

After a tumultuous year, banking-as-a-service (BaaS) startup Synapse has filed for Chapter 11 bankruptcy and its assets will be acquired by TabaPay, according to the two companies. The deal is pending bankruptcy court approval. Founded in 2017, Mountain View-based TabaPay is an instant money movement platform that Softbank backed in a 2022 round of an [...]read moreSoftBank-backed TabaPay is buying the assets of a16z-backed Synapse, after it filed for bankruptcy

Esprit brand affected by bankruptcy in Belgium

April 9, 2024 No Comments Business , , , ,

The noose tightens in Europe for Esprit. The clothing brand has announced the bankruptcy of its Belgium activities. An insolvency proceeding was filed with the local court on April 8, 2024, as announced by the label based between Hong Kong -where it is listed-, Germany, and the United States. At the end of March, it [...]read moreEsprit brand affected by bankruptcy in Belgium

Recycled fibre specialist Renewcell in which H&M is a shareholder has filed for bankruptcy

February 27, 2024 No Comments Business , , , , , ,

Swedish company Renewcell, in which the H&M group is one of the main shareholders, announced on February 25 that it would be filing for bankruptcy with the Stockholm court. Renewcell was founded in 2012 and specialises in recycling clothing to produce new fibres, in particular a yarn called Circulose, which is used by major fashion [...]read moreRecycled fibre specialist Renewcell in which H&M is a shareholder has filed for bankruptcy

Giuliani owes more than $152M, including $148M verdict, bankruptcy filing says

January 10, 2024 No Comments Law , , , , , , ,

Home Daily News Giuliani owes more than $152M, including… Bankruptcy Law Giuliani owes more than $152M, including $148M verdict, bankruptcy filing says By Debra Cassens Weiss December 22, 2023, 8:51 am CST Lawyer Rudy Giuliani, pictured here in September 2022, owes more than $152 million, and that doesn’t include the potential damages that he faces [...]read moreGiuliani owes more than $152M, including $148M verdict, bankruptcy filing says