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Company bankruptcy

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Saddled with 1.3 billion euros of debt, Greek retailer Marinopoulos gets bankruptcy protection

Greece's biggest supermarket chain, Marinopoulos, has gained protection from its creditors from an Athens court while it restructures. It has debts of 1.3 billion euros, half to banks and half to supp

Greece's biggest supermarket chain, Marinopoulos, has gained protection from its creditors from an Athens court while it restructures. It has debts of 1.3 billion euros, half to banks and half to supp

News

German Financial Times closes after huge losses

German business newspaper the Financial Times Deutschland is to close after piling up 250 million euros of losses during its 12 years on the news

German business newspaper the Financial Times Deutschland is to close after piling up 250 million euros of losses during its 12 years on the news

News

Italy: Jobs at risk due to ILVA steel factory row

A legal dispute over whether Europe’s biggest steel plant has to close down whilst making improvements is threatening the jobs of thousands of

A legal dispute over whether Europe’s biggest steel plant has to close down whilst making improvements is threatening the jobs of thousands of

Business

Neckermann joins stricken retailers

Another major name in German retailing is out of money and out of time. Mail order company Neckermann said it was insolvent and applying for

Another major name in German retailing is out of money and out of time. Mail order company Neckermann said it was insolvent and applying for

News

US law firm Dewey and Leboeuf collapses

One of the largest law firms in the US, Dewey and Leboeuf has filed for bankruptcy protection after failing to find a merger partner. The

One of the largest law firms in the US, Dewey and Leboeuf has filed for bankruptcy protection after failing to find a merger partner. The

News

Schlecker to shed 12,000 jobs as rescue deal blocked

Nearly 12,000 employees of a struggling German drugstore chain faced an uncertain future on Thursday after a rescue package was blocked by the Free

Nearly 12,000 employees of a struggling German drugstore chain faced an uncertain future on Thursday after a rescue package was blocked by the Free

Business

Schlecker confirms insolvency

German retailer Schlecker has said it is insolvent and has not been able to secure funds to keep it afloat during restructuring. The company is

German retailer Schlecker has said it is insolvent and has not been able to secure funds to keep it afloat during restructuring. The company is