Online cycle retailing giant Wiggle Chain Reaction Cycles has been telling suppliers that it will not be paying invoices and that it is cancelling orders of more stock, Cycling Weekly and CyclingNews have learned. This afternoon, Wiggle’s parent company Signa Sports United (SSU) put out a statement saying its “legal entities” were “currently in the…
<-rte-company state=”{“_id”:”0000018b-4d0c-d53f-a1eb-7d0dcf950000″,”_type”:”00000160-4b23-d8bd-adfd-4b3348fd0000″}”>SIGNA Sports United</-rte-company> says that its Tennis-Point unit has already filed for insolvency, according to a <-bsp-bb-link state=”{“bbDocId”:”S2TT2JBLKPOG”,”_id”:”0000018b-4d0c-d53f-a1eb-7d0dcf950002″,”_type”:”0000016b-944a-dc2b-ab6b-d57ba1cc0000″}”>filing</-bsp-bb-link>. Other legal entities of the group, including the company itself, expected to make insolvency filings in the coming days Company securities are expected to be delisted from the NYSE on Oct. 23 To contact the reporter…
Kyra Taylor has been hospitalized numerous times for complications related to Type 1 diabetes. Diagnosed with diabetes as a child, her familys medical insurance covered treatments that managed her condition. As a young adult, she was without medical insurance and the bills mounted. Before long, she had tens of thousands of dollars in medical debt.…
Email tells partners of intension to file for insolvency as parent company suffers severe liquidity and profitability challenges This competition is now closed By Stan Portus Published: October 20, 2023 at 10:30 am Uncertainty surrounds the future of Wiggle Chain Reaction after its business partners were sent an email, seen by BikeRadar, stating the company…
Many Latin American companies have used Chapter 11 of the United States Bankruptcy Code (the Bankruptcy Code) as a tool to effectuate a consensual balance sheet restructuring, especially for debt denominated in US dollars or governed by US law. The onset of the covid-19 pandemic also showed that Chapter 11 can also be used to effectuate a…
There was a drop in North East and Yorkshire corporate insolvencies. (Photo credit: Pixabay) The number of corporate insolvencies across the North East and Yorkshire fell in the third quarter of 2023, new research has found, despite economic uncertainty continuing to impact businesses. Analysis of notices in The Gazette by Interpath Advisory found that 44…