Business bankruptcy

Business

Turkish firm buys company formerly owned by fallen business tycoon

Sabanci Holdings has bought a majority stake in Mannok, once the prized firm of Seán Quinn - and since a victim of several attacks and sabotage attempts.

29/08/2024

Business

Fashion brand Esprit files for bankruptcy in Europe

The Hong Kong-listed group says seven of its businesses in Germany cannot pay their bills and it is "unviable financially to continue the business as it is currently structured in Germany".

17/05/2024

Business

When startups become scaleups: Why do new firms bring in new CEOs?

While startup CEOs focus mainly on assessing market demand and navigating competition in the early business year, scaleup CEOs need to be much more focused on long-term strategy.

19/02/2024

Business

WeWork forced to file for bankruptcy

WeWork has filed for Chapter 11 bankruptcy protection, marking a stunning fall for the office sharing company once seen as a Wall Street darling that promised to upend the way people went to work around the world.

07/11/2023

World News

China's Evergrande struggling to avoid defaulting on $340 billion debt

Evergrande ran short of cash after Beijing tightened controls in 2020 on corporate debt the ruling Communist Party worries is dangerously high. Some other developers collapsed, leaving half-finished apartment blocks standing empty.

19/08/2023

Germany

Ex-CEO of Wirecard charged with fraud by German prosecutors

The financial payments company collapsed in 2020 amid allegations that much of its revenue and assets were faked.

14/03/2022

No Comment

Demonstration in underwear for the former flight attendants of Alitalia

Dozens of former flight attendants of the defunct Italian airline Alitalia removed their uniforms during a demonstration, wearing only underwear.

20/10/2021

Travel News

Café de Paris fans ‘gutted’ after iconic London venue shuts for good

The legendary nightclub which once played host to Judy Garland and Frank Sinatra, has been decimated by Covid-19.

21/12/2020

United Kingdom

UK department store Debenhams collapses putting 12,000 jobs at risk

The future of some 12,000 retailing jobs in Britain hangs in the balance after the failure of Debenhams, one of the country's oldest department stores.

02/12/2020

World

Thomas Cook collapse: businesses and employees in Crete in limbo

Businesses and tourism workers across Europe are feeling the shockwaves of Thomas Cook's collapse. In Greece, people working for the company's hotels fear they will not get paid. Today, the UK Civil Aviation Authority announced over 16,000 holidaymakers will be flying back to the country.

25/09/2019

Business

Thomas Cook in last ditch talks over €220 million bailout

The iconic British firm is just hours away from collapse if it can't reach a deal.

20/09/2019

USA

Gibson goes looking for the lost chord as the company files for bankruptcy

Declining guitar sales and a flawed diversification four years ago have dragged the legendary guitar-maker into crisis.

02/05/2018

United Kingdom

Toys R Us goes into administration in the UK

It's hoped all or part of the British unit of Toys R US, which operates more than 100 stores across the UK, will be sold.

01/03/2018

World News

Reader poll: who should be Euronews' Business Personality of the Year?

Euronews wants your help to choose our personalities of the year. You can vote at facebook.com/euronews.

18/12/2017

Germany

Founder of Germany phamarcy chain Schlecker given suspended sentence

27/11/2017

Business Planet

Back from bankruptcy and how to avoid it

This week Business Planet visits Ghent, Belgium to learn about what's being done to help businesses avoid bankruptcy and rebound from it.

19/05/2017