Read this article in: Tennis-Point GmbH, one of the major subsidiaries of SIGNA Sports United N.V, has filed for insolvency Other legal entities of the SIGNA Sports Group, including SIGNA Sports United N.V. as ultimate parent company of the SIGNA Sports United Group, are in the course of preparing the initiation of insolvency proceedings in…
DetailsThe founder of a cannabis business now controlled by William Beau Wrigley has sued affiliates of the chewing-gum heir, saying Wrigley is using a self-dealing corporate restructuring to make fraudulent asset transfers and dodge a court judgment. The lawsuit made public Thursday targets the insolvent marijuana enterprise, Parallelwhich operates the Surterra Wellness retail brandalong with…
DetailsOakland County unveils new program to erase medical debt Oakland County unveils new program to erase medical debt 01:12 (CBS DETROIT) – Thousands of residents in Oakland County could have their medical debt erased under a new program using federal funding, officials announced Thursday. Oakland County has partnered with RIP Medical Debt, a national nonprofit…
DetailsOnline 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…
Details<-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…
DetailsKyra 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.…
DetailsEmail 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…
DetailsMany 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…
DetailsThere 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…
DetailsNokia CEO Pekka Lundmark Nokia is slashing up to 14,000 jobs as part of a corporate restructuring that the Finland-based telecommunications equipment vendor said is necessary to counter near-term headwinds impacting its operations. The move also comes at the tail-end of what was a previous three-year turnaround program. Nokia is positioning the job cuts as…
Details