Showing 49 to 60 of 65 results
Görtz Files for Insolvency Again
Görtz, a Hamburg-based shoe retailer founded in 1875, has filed for insolvency for the second time this year, after a previous restructuring in July 2023 that aimed to save 650 jobs, leaving the future of its remaining 30 stores uncertain.
Görtz Files for Insolvency Again
Görtz, a Hamburg-based shoe retailer founded in 1875, has filed for insolvency for the second time this year, after a previous restructuring in July 2023 that aimed to save 650 jobs, leaving the future of its remaining 30 stores uncertain.
Progress
40% Bias Score
Signa's Hamburg Properties Sold for "385 Million
Three prime Hamburg properties previously owned by the insolvent Signa Group—the Kaufmannshaus ("165 million), Alsterarkaden ("130 million), and a Gänsemarkt plot ("90 million)—were sold to new investors, resolving financial issues and enabling the completion of stalled development projects. The cit...
Signa's Hamburg Properties Sold for "385 Million
Three prime Hamburg properties previously owned by the insolvent Signa Group—the Kaufmannshaus ("165 million), Alsterarkaden ("130 million), and a Gänsemarkt plot ("90 million)—were sold to new investors, resolving financial issues and enabling the completion of stalled development projects. The cit...
Progress
36% Bias Score
Lilium Receives €200 Million Lifeline
Insolvent German electric aircraft manufacturer Lilium will receive €200 million in funding from an investor consortium to reach market readiness, pending legal approvals; the purchase price of Lilium's assets remains undisclosed.
Lilium Receives €200 Million Lifeline
Insolvent German electric aircraft manufacturer Lilium will receive €200 million in funding from an investor consortium to reach market readiness, pending legal approvals; the purchase price of Lilium's assets remains undisclosed.
Progress
36% Bias Score
Aussie Home Builder's Collapse Jeopardizes \$1.5 Billion in Projects
Australian home builder Bensons Property Group (BPG) entered voluntary administration, jeopardizing 1,337 apartments worth \$1.5 billion across three states; the company aims to continue trading to protect stakeholders and complete projects.
Aussie Home Builder's Collapse Jeopardizes \$1.5 Billion in Projects
Australian home builder Bensons Property Group (BPG) entered voluntary administration, jeopardizing 1,337 apartments worth \$1.5 billion across three states; the company aims to continue trading to protect stakeholders and complete projects.
Progress
56% Bias Score
UK Retailer Distress Soars 25% in Q4 2023
The number of UK retailers in critical financial distress jumped 25% to 2,124 in Q4 2023 due to rising costs and weak consumer confidence, particularly impacting general retail (29% increase) and food and drug retail (17.2% increase), although the overall number is down year-on-year.
UK Retailer Distress Soars 25% in Q4 2023
The number of UK retailers in critical financial distress jumped 25% to 2,124 in Q4 2023 due to rising costs and weak consumer confidence, particularly impacting general retail (29% increase) and food and drug retail (17.2% increase), although the overall number is down year-on-year.
Progress
44% Bias Score
German Corporate Insolvencies Surge 24.3% in 2024
Germany experienced a 24.3% increase in corporate insolvencies in 2024, totaling 22,400, primarily due to economic stagnation, weak domestic demand, and global trade slowdown, resulting in €56 billion in creditor losses and 320,000 job losses.
German Corporate Insolvencies Surge 24.3% in 2024
Germany experienced a 24.3% increase in corporate insolvencies in 2024, totaling 22,400, primarily due to economic stagnation, weak domestic demand, and global trade slowdown, resulting in €56 billion in creditor losses and 320,000 job losses.
Progress
48% Bias Score
Derbyshire Parish Council Faces Bankruptcy, Potential Criminal Charges
An external report reveals the Elmton with Creswell Parish Council in Derbyshire is effectively bankrupt, faces potential criminal proceedings against its councillors, and owes over \£230,000 to Bolsover District Council in addition to a \£3 million government loan, all due to "large and systemic fa...
Derbyshire Parish Council Faces Bankruptcy, Potential Criminal Charges
An external report reveals the Elmton with Creswell Parish Council in Derbyshire is effectively bankrupt, faces potential criminal proceedings against its councillors, and owes over \£230,000 to Bolsover District Council in addition to a \£3 million government loan, all due to "large and systemic fa...
Progress
56% Bias Score
German Pellets Insolvency Trial Nears End with Plea Bargain
A plea bargain in the German Pellets insolvency trial could let the former CEO avoid prison if convicted; the deal hinges on accepting November 15, 2015, as the insolvency date, dropping earlier charges; investors lost about €260 million.
German Pellets Insolvency Trial Nears End with Plea Bargain
A plea bargain in the German Pellets insolvency trial could let the former CEO avoid prison if convicted; the deal hinges on accepting November 15, 2015, as the insolvency date, dropping earlier charges; investors lost about €260 million.
Progress
36% Bias Score
Volocopter Files for Insolvency, Seeks Investors to Secure Future
The German electric air taxi manufacturer Volocopter, employing 500 people, filed for insolvency on December 26th, 2023, seeking investors to finalize market entry, facing challenges in securing funding and EASA certification despite technological advancements and a competitive position.
Volocopter Files for Insolvency, Seeks Investors to Secure Future
The German electric air taxi manufacturer Volocopter, employing 500 people, filed for insolvency on December 26th, 2023, seeking investors to finalize market entry, facing challenges in securing funding and EASA certification despite technological advancements and a competitive position.
Progress
40% Bias Score
Financial Distress Rises Among UK Retailers After Lackluster Boxing Day
A 25% surge in financially stressed UK retailers over the last three months, totaling 2,124 businesses, follows a 4.9% drop in Boxing Day footfall, highlighting dampened consumer sentiment, rising costs, and shifting consumer behavior towards online shopping.
Financial Distress Rises Among UK Retailers After Lackluster Boxing Day
A 25% surge in financially stressed UK retailers over the last three months, totaling 2,124 businesses, follows a 4.9% drop in Boxing Day footfall, highlighting dampened consumer sentiment, rising costs, and shifting consumer behavior towards online shopping.
Progress
44% Bias Score
Lilium Secures Last-Minute Rescue Deal After Insolvency Filing
Facing high R&D costs and a worsening investment climate, Lilium, a German electric aircraft startup, filed for insolvency in October 2023, laying off almost all employees before securing a last-minute rescue deal with a consortium of strategic investors in November 2023.
Lilium Secures Last-Minute Rescue Deal After Insolvency Filing
Facing high R&D costs and a worsening investment climate, Lilium, a German electric aircraft startup, filed for insolvency in October 2023, laying off almost all employees before securing a last-minute rescue deal with a consortium of strategic investors in November 2023.
Progress
40% Bias Score
Nicheliving Owes WA \$600,000 in Unpaid Payroll Tax
WA developer Nicheliving owes \$600,000 in unpaid payroll tax, prompting the state government to oppose a proposal to remove the company from administration. A preliminary probe suggests insolvency since August 2022, leading to the opposition referring Nicheliving to ASIC, while the government paid ...
Nicheliving Owes WA \$600,000 in Unpaid Payroll Tax
WA developer Nicheliving owes \$600,000 in unpaid payroll tax, prompting the state government to oppose a proposal to remove the company from administration. A preliminary probe suggests insolvency since August 2022, leading to the opposition referring Nicheliving to ASIC, while the government paid ...
Progress
36% Bias Score
Showing 49 to 60 of 65 results