Tag #Bankruptcy

Showing 25 to 36 of 204 results

bbc.com
🌐 75% Global Worthiness
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Kentucky Bourbon Industry Faces Market Downturn Amidst Economic Headwinds

Economic headwinds, including post-pandemic inflation, trade wars resulting in tariffs and import bans from Canada and the EU, and shifting consumer drinking habits, have significantly slowed Kentucky bourbon sales, leading to distillery closures and bankruptcies.

Progress

36% Bias Score

Decent Work and Economic Growth
mk.ru
🌐 75% Global Worthiness
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Russian Consumer Lending Surges Despite High Interest Rates

Despite high interest rates averaging 34.1% annually, Russian consumer lending surged 23% in July 2025 to nearly 345 billion rubles, continuing a seven-month trend driven by strong demand and relaxed lending standards, though still half 2024 levels.

Progress

40% Bias Score

Reduced Inequality
nos.nl
🌐 85% Global Worthiness
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Groupcard Bankruptcy Exposes €14 Million in Public Funds Loss

Groupcard, a Dutch company managing gift cards for over 100 municipalities, went bankrupt without the necessary license, resulting in a €14 million loss of public funds due to regulatory failures and the misappropriation of funds held in trust.

Progress

44% Bias Score

Reduced Inequality
forbes.com
🌐 75% Global Worthiness
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Del Monte Pacific Posts Record $834.4 Million Net Loss

Del Monte Pacific, controlled by the Campos family, reported a record $834.4 million net loss in fiscal year 2025, primarily due to its bankrupt U.S. subsidiary's $892.4 million loss and a $703.5 million write-down; the company plans asset divestiture, including a potential Philippine subsidiary lis...

Progress

40% Bias Score

No Poverty
nrc.nl
🌐 75% Global Worthiness
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Groupcard Bankruptcy Leaves Dutch Municipalities Facing Financial Fallout

The bankruptcy of Groupcard, a company providing gift cards for social programs in approximately one-third of Dutch municipalities, has left hundreds of thousands of euros in community funds inaccessible, prompting legal action and forcing municipalities to compensate residents directly or find alte...

Progress

44% Bias Score

Reduced Inequality
theglobeandmail.com
🌐 75% Global Worthiness
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Hudson's Bay Seeks Court Approval for $69.1M Lease Sale Amidst Contract Disputes

Hudson's Bay Co. seeks court approval to sell 25 store leases to B.C. billionaire Weihong (Ruby) Liu for $69.1 million, despite prior contract disputes, to open "Ruby Liu" department stores in Ontario, Alberta, and British Columbia, creating about 1,800 jobs and generating $4.7 million in monthly re...

Progress

48% Bias Score

Decent Work and Economic Growth
nos.nl
🌐 75% Global Worthiness
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Vitesse loses professional license; Arnhem fans react violently

A Dutch court ruled against Vitesse's appeal to retain its professional football license, causing emotional fan reactions in Arnhem, including violence against journalists and the club owner, Talpa, filing a formal complaint.

Progress

36% Bias Score

Reduced Inequality
dailymail.co.uk
🌐 85% Global Worthiness
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American Whiskey Industry Faces Crisis Amidst Bankruptcies and Trade Wars

Multiple American whiskey distilleries, including Luca Mariano and Garrard County, have filed for bankruptcy due to decreased consumer spending, rising production costs, and trade disputes, resulting in job losses and economic uncertainty.

Progress

48% Bias Score

Decent Work and Economic Growth
nos.nl
🌐 85% Global Worthiness
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Groupcard Bankruptcy Leaves Dutch Municipalities with €14 Million in Losses

Groupcard, a Dutch company managing local gift cards for social programs, declared bankruptcy in June and July, resulting in an estimated €14 million loss affecting tens of thousands of people and roughly one-third of Dutch municipalities; investigations into potential financial mismanagement are un...

Progress

36% Bias Score

Reduced Inequality
theglobeandmail.com
🌐 75% Global Worthiness
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Hudson's Bay Sells Leases Amidst Legal Battles

Hudson's Bay Co. secured court approval to sell six leases for over $5 million, but faces opposition to a larger $69.1 million deal with Weihong Liu for 25 leases, amid its bankruptcy proceedings; the situation highlights disputes between Hudson's Bay, its creditors, and landlords.

Progress

44% Bias Score

Decent Work and Economic Growth
usa.chinadaily.com.cn
🌐 85% Global Worthiness
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US Farm Bankruptcies Surge Amidst Trade Tensions and High Interest Rates

US farm bankruptcies hit a five-year high in the first half of 2025, with 173 filings—a 63% year-on-year increase—due to high interest rates, new tariffs, and decreased exports to China, particularly soybeans, impacting states like Illinois, Iowa, and Minnesota.

Progress

40% Bias Score

No Poverty
dailymail.co.uk
🌐 75% Global Worthiness
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Wag! Files for Bankruptcy After Pandemic Revenue Decline

Wag!, a once high-flying pet services app, filed for Chapter 11 bankruptcy on July 21st due to declining revenues after the pandemic and failure to meet loan terms, resulting in a debt elimination deal with Retriever and delisting from the stock market.

Progress

40% Bias Score

Decent Work and Economic Growth

Showing 25 to 36 of 204 results