#insolvency

#insolvency

Hospitality insolvencies decreased by 11% over the past year, yet remain elevated compared to pre-pandemic levels, indicating a new norm.

Tequila Works is auctioning its intellectual property after facing insolvency due to prolonged market difficulties.

Hudson's Bay Company faces a $950 million debt crisis amid ongoing struggles in the retail sector post-COVID.

UK retailers are facing significant operational strain and are at risk of collapse, particularly due to rising costs and decreased consumer spending.

FTX's estate seeks to recoup $1.8 billion from Binance alleging fraudulent transfer related to a share buyback deal.

The lawsuit claims FTX and Alameda were insolvent at the time of the transactions.

Quantron, a zero-emission vehicle manufacturer, is facing provisional insolvency as unpaid salaries create uncertainty for employees.

Lilium has gone into insolvency due to failed funding efforts, halting air taxi production.

The competitive eVTOL market poses significant challenges for companies unable to secure financing.

Rugby must urgently address its financial instability, with seven Premiership clubs declared balance sheet insolvent and debts totaling £311 million.

Harland and Wolff has entered administration for the second time in five years, resulting in significant job losses but operational continuity for shipyards.

Nestlé launches Vital Pursuit food brand for weight management consumers, TikTok lays off marketing employees, Cazoo faces insolvency challenges.

More than 550,000 British firms face financial distress due to high interest rates, low consumer confidence, and pandemic-induced debt, potentially leading to insolvency.