Claire's to sell its North America business Fashion jewellery retailer Claire's said today it would sell its North America business to private equity firm Ames Watson for an undisclosed amount, as the company aims to cut losses while navigating ongoing US bankruptcy proceedings. Business • 20 Aug
Claire's to sell its North America business Fashion jewellery retailer Claire's said today it would sell its North America business to private equity firm Ames Watson for an undisclosed amount, as the company aims to cut losses while navigating ongoing US bankruptcy proceedings. Business • 20 Aug
DNA testing firm 23andMe files for bankruptcy, CEO leaves Genetic testing firm 23andMe said it has filed for filed for Chapter 11 bankruptcy protection in the US to help the $50m company sell itself and that co-founder and CEO Anne Wojcicki had resigned after multiple failed takeover bids. Business • 24 Mar
DNA testing firm 23andMe files for bankruptcy, CEO leaves Genetic testing firm 23andMe said it has filed for filed for Chapter 11 bankruptcy protection in the US to help the $50m company sell itself and that co-founder and CEO Anne Wojcicki had resigned after multiple failed takeover bids. Business • 24 Mar
Northvolt asks for extension of Chapter 11 process Sweden's Northvolt said today it had asked for an extension in its bankruptcy protection process in the US, as the beleaguered electric car battery maker seeks to restructure its business. Business • 19 Feb
Northvolt asks for extension of Chapter 11 process Sweden's Northvolt said today it had asked for an extension in its bankruptcy protection process in the US, as the beleaguered electric car battery maker seeks to restructure its business. Business • 19 Feb
Tupperware cancels auction, agrees to lender takeover Bankrupt Tupperware Brands has agreed to sell its business to a group of lenders for $23.5m in cash and over $63m in debt relief, canceling its plans for an open-market auction of its assets. Business • 23 Oct 24
Tupperware cancels auction, agrees to lender takeover Bankrupt Tupperware Brands has agreed to sell its business to a group of lenders for $23.5m in cash and over $63m in debt relief, canceling its plans for an open-market auction of its assets. Business • 23 Oct 24
Tupperware lenders oppose firm's proposed bankruptcy sale Tupperware's lenders opposed the food storage and kitchen products company's proposed bankruptcy auction during the company's first court appearance, cutting off its access to cash and threatening to derail the company's bankruptcy plans. Business • 20 Sep 24
Tupperware lenders oppose firm's proposed bankruptcy sale Tupperware's lenders opposed the food storage and kitchen products company's proposed bankruptcy auction during the company's first court appearance, cutting off its access to cash and threatening to derail the company's bankruptcy plans. Business • 20 Sep 24
Scandinavian airline SAS exits US bankruptcy proceedings Scandinavian airline SAS has emerged from Chapter 11 bankruptcy proceedings in the United States with a stronger balance sheet and new owners after a court process lasting more than two years, the company said today. Business • 28 Aug 24
Scandinavian airline SAS exits US bankruptcy proceedings Scandinavian airline SAS has emerged from Chapter 11 bankruptcy proceedings in the United States with a stronger balance sheet and new owners after a court process lasting more than two years, the company said today. Business • 28 Aug 24
Sean Dunne claims bankruptcy appointments were invalid Bankrupt developer Sean Dunne has claimed before the High Court that two senior officials overseeing his Irish bankruptcy were never validly appointed. Business • 20 Aug 24
Sean Dunne claims bankruptcy appointments were invalid Bankrupt developer Sean Dunne has claimed before the High Court that two senior officials overseeing his Irish bankruptcy were never validly appointed. Business • 20 Aug 24
EU leaders to call for harmonised EU bankruptcy laws European Union leaders will call next week for a harmonisation of the 27-nation bloc's bankruptcy and corporate tax laws to attract more private capital for the EU shift to renewable energy and a more digital economy, a draft document showed. Business • 09 Apr 24
EU leaders to call for harmonised EU bankruptcy laws European Union leaders will call next week for a harmonisation of the 27-nation bloc's bankruptcy and corporate tax laws to attract more private capital for the EU shift to renewable energy and a more digital economy, a draft document showed. Business • 09 Apr 24
561 jobs saved through SCARP so far - Azets Ireland Fifty companies have gone through the Small Company Administrative Rescue Process since it launched two years ago, according to analysis by Azets Ireland. Business • 30 Nov 23
561 jobs saved through SCARP so far - Azets Ireland Fifty companies have gone through the Small Company Administrative Rescue Process since it launched two years ago, according to analysis by Azets Ireland. Business • 30 Nov 23
SAS posts bigger Q4 loss, eyes end to Chapter 11 Scandinavian airline SAS has today reported a bigger than expected pretax loss in the fourth quarter as high fuel costs and a weak Swedish currency weighed on its results. Business • 30 Nov 23
SAS posts bigger Q4 loss, eyes end to Chapter 11 Scandinavian airline SAS has today reported a bigger than expected pretax loss in the fourth quarter as high fuel costs and a weak Swedish currency weighed on its results. Business • 30 Nov 23
WeWork succumbs to bankruptcy in the US WeWork, the SoftBank Group-backed startup whose meteoric rise and fall reshaped the office sector globally, has sought US bankruptcy protection after its bets on companies using more of its office-sharing space soured. Business • 07 Nov 23
WeWork succumbs to bankruptcy in the US WeWork, the SoftBank Group-backed startup whose meteoric rise and fall reshaped the office sector globally, has sought US bankruptcy protection after its bets on companies using more of its office-sharing space soured. Business • 07 Nov 23
Evergrande seeks US court nod for $32bn debt overhaul Embattled developer China Evergrande Group has filed for bankruptcy protection in a US court as part of one of the world's biggest debt restructuring exercises, as anxiety grows over China's worsening property crisis and a weakening economy. Business • 18 Aug 23
Evergrande seeks US court nod for $32bn debt overhaul Embattled developer China Evergrande Group has filed for bankruptcy protection in a US court as part of one of the world's biggest debt restructuring exercises, as anxiety grows over China's worsening property crisis and a weakening economy. Business • 18 Aug 23
Mallinckrodt moves toward second bankruptcy filing Mallinckrodt has said it was preparing to seek bankruptcy protection for the second time in three years after struggling to make a required $200m settlement payment to opioid victims. Business • 16 Aug 23
Mallinckrodt moves toward second bankruptcy filing Mallinckrodt has said it was preparing to seek bankruptcy protection for the second time in three years after struggling to make a required $200m settlement payment to opioid victims. Business • 16 Aug 23
US court approves Cineworld's restructuring plan British cinema chain operator Cineworld Group said today that a US court had approved its debt restructuring plan. Business • 29 Jun 23
US court approves Cineworld's restructuring plan British cinema chain operator Cineworld Group said today that a US court had approved its debt restructuring plan. Business • 29 Jun 23
Cineworld expects to exit Chapter 11 bankruptcy in July Cineworld expects to emerge from Chapter 11 bankruptcy protection in July, the British cinema chain operator said today, adding that its proposed debt restructuring has the backing of most of its lenders. Business • 25 May 23
Cineworld expects to exit Chapter 11 bankruptcy in July Cineworld expects to emerge from Chapter 11 bankruptcy protection in July, the British cinema chain operator said today, adding that its proposed debt restructuring has the backing of most of its lenders. Business • 25 May 23
Cineworld ends US, UK and Irish businesses sale process Movie chain operator Cineworld Group said today it has terminated the sale process for its US, UK and Ireland businesses after failing to find an all-cash buyer. Business • 03 Apr 23
Cineworld ends US, UK and Irish businesses sale process Movie chain operator Cineworld Group said today it has terminated the sale process for its US, UK and Ireland businesses after failing to find an all-cash buyer. Business • 03 Apr 23
Cineworld dives on no bidders for UK, US assets reports Shares of Cineworld slumped as much as 22% today after media reports said the world's second-largest cinema operator had received 40 non-binding bids. Business • 22 Feb 23
Cineworld dives on no bidders for UK, US assets reports Shares of Cineworld slumped as much as 22% today after media reports said the world's second-largest cinema operator had received 40 non-binding bids. Business • 22 Feb 23
Revlon and key creditors agree restructuring deal Bankrupt cosmetics giant Revlon has reached a restructuring agreement which would turn over ownership of the company to its lenders and wipe out current shareholders. Business • 20 Dec 22
Revlon and key creditors agree restructuring deal Bankrupt cosmetics giant Revlon has reached a restructuring agreement which would turn over ownership of the company to its lenders and wipe out current shareholders. Business • 20 Dec 22
Cineworld mulls filing for bankruptcy in the US Cineworld, the world's second-largest cinema operator, is staring at a possible bankruptcy filing as it struggles to cut debts that soared during the pandemic, it warned today. Business • 22 Aug 22
Cineworld mulls filing for bankruptcy in the US Cineworld, the world's second-largest cinema operator, is staring at a possible bankruptcy filing as it struggles to cut debts that soared during the pandemic, it warned today. Business • 22 Aug 22
Mallinckrodt seeks examinership amid restructuring US pharmaceutical company Mallinckrodt is heading for examinership here in as efforts to agree a debt restructuring deal in the US have been agreed. Business • 04 Feb 22
Mallinckrodt seeks examinership amid restructuring US pharmaceutical company Mallinckrodt is heading for examinership here in as efforts to agree a debt restructuring deal in the US have been agreed. Business • 04 Feb 22
Norwegian Air reinvents itself as regional carrier Norwegian Air emerged from six months of bankruptcy protection today with a smaller fleet and its debt almost wiped out but also facing stronger competition and lingering uncertainty wrought by the pandemic. Business • 26 May 21
Norwegian Air reinvents itself as regional carrier Norwegian Air emerged from six months of bankruptcy protection today with a smaller fleet and its debt almost wiped out but also facing stronger competition and lingering uncertainty wrought by the pandemic. Business • 26 May 21
Chuck E Cheese's parent files for bankruptcy The parent company of Chuck E Cheese's the once popular children-themed restaurant chain in the US has filed for Chapter 11 bankruptcy. Business • 25 Jun 20
Chuck E Cheese's parent files for bankruptcy The parent company of Chuck E Cheese's the once popular children-themed restaurant chain in the US has filed for Chapter 11 bankruptcy. Business • 25 Jun 20
LATAM Airlines Group files for US bankruptcy protection Chile's LATAM Airlines Group has today filed for US bankruptcy protection, becoming the world's largest carrier so far to seek an emergency reorganisation amid the coronavirus pandemic. Business • 26 May 20
LATAM Airlines Group files for US bankruptcy protection Chile's LATAM Airlines Group has today filed for US bankruptcy protection, becoming the world's largest carrier so far to seek an emergency reorganisation amid the coronavirus pandemic. Business • 26 May 20
Number of bankruptcies increase here - ISI New figures published today show that so far this year, a total of 183 people were adjudicated bankrupt in Ireland. Business • 05 Sep 19
Number of bankruptcies increase here - ISI New figures published today show that so far this year, a total of 183 people were adjudicated bankrupt in Ireland. Business • 05 Sep 19
Top US utility company prepares bankruptcy filing PG&E, which is the owner of the biggest US power utility by customers, has said it is preparing to file for Chapter 11 bankruptcy protection as soon as this month. Business • 15 Jan 19
Top US utility company prepares bankruptcy filing PG&E, which is the owner of the biggest US power utility by customers, has said it is preparing to file for Chapter 11 bankruptcy protection as soon as this month. Business • 15 Jan 19
