Austrian Tycoon Arrested in Europe's Largest Corporate Bankruptcy
Austrian real estate magnate René Benko was arrested on Thursday for alleged fraud and false accounting related to the bankruptcy of his Signa Group, which is considered Europe's largest corporate failure, involving €30 billion in debt and investigations in four European countries.
Austrian Tycoon Arrested in Europe's Largest Corporate Bankruptcy
Austrian real estate magnate René Benko was arrested on Thursday for alleged fraud and false accounting related to the bankruptcy of his Signa Group, which is considered Europe's largest corporate failure, involving €30 billion in debt and investigations in four European countries.
Progress
60% Bias Score
Blokker Franchisees Thrive Amidst Parent Company Collapse
Following the collapse of the Blokker chain, 41 franchise stores remain, securing their own suppliers, expanding, and leveraging a deal for access to stranded Blokker own-brand products in the Rotterdam harbor, while awaiting further direction from the new owner, Roland Palmer, who is set to define ...
Blokker Franchisees Thrive Amidst Parent Company Collapse
Following the collapse of the Blokker chain, 41 franchise stores remain, securing their own suppliers, expanding, and leveraging a deal for access to stranded Blokker own-brand products in the Rotterdam harbor, while awaiting further direction from the new owner, Roland Palmer, who is set to define ...
Progress
48% Bias Score
Bankrupt Russian Media Mogul Vladimir Gusinsky Owes Over \$7 Million
Former Russian media magnate Vladimir Gusinsky, once worth \$400 million, declared bankruptcy in a Connecticut court on January 1, 2025, owing over \$7 million to more than 10 creditors, including Alexander Zheleznyak and Leonid Nevzlin, with assets under \$6 million.
Bankrupt Russian Media Mogul Vladimir Gusinsky Owes Over \$7 Million
Former Russian media magnate Vladimir Gusinsky, once worth \$400 million, declared bankruptcy in a Connecticut court on January 1, 2025, owing over \$7 million to more than 10 creditors, including Alexander Zheleznyak and Leonid Nevzlin, with assets under \$6 million.
Progress
40% Bias Score
Infowars Acquisition Bid Doubles to $7 Million
First United American Companies offered $7 million to buy Alex Jones' Infowars platform, more than doubling its previous bid, after a judge voided an auction that awarded the platform to The Onion; proceeds will primarily compensate Sandy Hook shooting victims' families.
Infowars Acquisition Bid Doubles to $7 Million
First United American Companies offered $7 million to buy Alex Jones' Infowars platform, more than doubling its previous bid, after a judge voided an auction that awarded the platform to The Onion; proceeds will primarily compensate Sandy Hook shooting victims' families.
Progress
36% Bias Score
Volocopter Files for Insolvency, Exposing Challenges for German eVTOL Sector
German flying taxi startup Volocopter filed for insolvency on December 26th, 2024, after failing to secure funding, highlighting challenges faced by German eVTOL companies compared to heavily subsidized Chinese and US competitors, and prompting debate about German government support for startups.
Volocopter Files for Insolvency, Exposing Challenges for German eVTOL Sector
German flying taxi startup Volocopter filed for insolvency on December 26th, 2024, after failing to secure funding, highlighting challenges faced by German eVTOL companies compared to heavily subsidized Chinese and US competitors, and prompting debate about German government support for startups.
Progress
44% Bias Score
Dutch Plastic Recycling Company Blue Cycle Files for Bankruptcy
Blue Cycle, a Heerenveen plastic recycling company that converted waste into oil, declared bankruptcy due to higher-than-expected costs and delays, despite proving its technology and receiving €7 million from the Friesland province's sustainability fund.
Dutch Plastic Recycling Company Blue Cycle Files for Bankruptcy
Blue Cycle, a Heerenveen plastic recycling company that converted waste into oil, declared bankruptcy due to higher-than-expected costs and delays, despite proving its technology and receiving €7 million from the Friesland province's sustainability fund.
Progress
44% Bias Score
Equal Pay Claims Threaten Dozens of UK Councils with Bankruptcy
The GMB union predicts that up to six more UK councils will face multimillion-pound equal pay settlements this year, following Birmingham City Council's bankruptcy declaration due to a £760 million equal pay claim, highlighting a systemic issue of sex discrimination in local authorities.
Equal Pay Claims Threaten Dozens of UK Councils with Bankruptcy
The GMB union predicts that up to six more UK councils will face multimillion-pound equal pay settlements this year, following Birmingham City Council's bankruptcy declaration due to a £760 million equal pay claim, highlighting a systemic issue of sex discrimination in local authorities.
Progress
56% Bias Score
Blokker Franchisees Thrive After Chain Collapse
Following the collapse of Blokker, 41 franchisees continued operations, independently managing supplies and establishing a new cash system, securing 206 containers of house-brand products, resulting in a more autonomous franchise model and creating both opportunities and challenges for the new owner...
Blokker Franchisees Thrive After Chain Collapse
Following the collapse of Blokker, 41 franchisees continued operations, independently managing supplies and establishing a new cash system, securing 206 containers of house-brand products, resulting in a more autonomous franchise model and creating both opportunities and challenges for the new owner...
Progress
40% Bias Score
Sur Holdings Acquires Wom Colombia, Averts Bankruptcy
Sur Holdings acquired Wom Colombia, rescuing the mobile phone company from bankruptcy and securing the jobs of over 2,000 employees; the deal, finalized late last year, followed months of financial distress and involved the Colombian government as a major creditor.
Sur Holdings Acquires Wom Colombia, Averts Bankruptcy
Sur Holdings acquired Wom Colombia, rescuing the mobile phone company from bankruptcy and securing the jobs of over 2,000 employees; the deal, finalized late last year, followed months of financial distress and involved the Colombian government as a major creditor.
Progress
40% Bias Score
Record US Retail Store Closures in 2024
Over 7,300 US retail stores closed in 2024, a 57% increase from 2023, due to high inflation, competition from larger retailers, and strategic errors; this impacted various chains, including Family Dollar, CVS, Walgreens, and Big Lots.
Record US Retail Store Closures in 2024
Over 7,300 US retail stores closed in 2024, a 57% increase from 2023, due to high inflation, competition from larger retailers, and strategic errors; this impacted various chains, including Family Dollar, CVS, Walgreens, and Big Lots.
Progress
52% Bias Score
Folli Follie Restructuring Jeopardized by Asset Freeze
Folli Follie, under provisional administration since 2020, aims to complete its restructuring in 2024, projecting €60 million in turnover and €22 million in operating revenue; however, a court decision to unfreeze €35 million in assets was overturned, jeopardizing its future.
Folli Follie Restructuring Jeopardized by Asset Freeze
Folli Follie, under provisional administration since 2020, aims to complete its restructuring in 2024, projecting €60 million in turnover and €22 million in operating revenue; however, a court decision to unfreeze €35 million in assets was overturned, jeopardizing its future.
Progress
48% Bias Score
Heerenveen Plastic Recycling Plant Blue Cycle Declares Bankruptcy
Blue Cycle, a Heerenveen plastic recycling plant converting waste into oil, declared bankruptcy due to higher-than-expected costs and delays, despite proving its technology and receiving substantial funding, including seven million euros from the Provincial Sustainability Fund.
Heerenveen Plastic Recycling Plant Blue Cycle Declares Bankruptcy
Blue Cycle, a Heerenveen plastic recycling plant converting waste into oil, declared bankruptcy due to higher-than-expected costs and delays, despite proving its technology and receiving substantial funding, including seven million euros from the Provincial Sustainability Fund.
Progress
52% Bias Score