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bankruptcy

Creditors take control of struggling Cirque du Soleil
Art & Culture 5 years ago

Creditors take control of struggling Cirque du Soleil

A group of Cirque du Soleil creditors has announced it will take control of the heavily indebted Canadian circus troupe.
Cirque du Soleil accepts purchase offer from creditors
Art & Culture 5 years ago

Cirque du Soleil accepts purchase offer from creditors

Canadian cultural icon Cirque du Soleil accepted a purchase offer from its creditors Thursday, which will serve as a minimum bid for an investors auction in August. 
Bid for Cirque du Soleil dismissed as 'pure fiction' by lenders
Art & Culture 5 years ago

Bid for Cirque du Soleil dismissed as 'pure fiction' by lenders

A stalking horse bid for Cirque du Soleil Entertainment Group was dismissed as inadequate by lenders during a Quebec court hearing into the company's restructuring on Tuesday.
Cirque du Soleil files for bankruptcy protection
Art & Culture 5 years ago

Cirque du Soleil files for bankruptcy protection

Cirque du Soleil announced on Monday it is filing for bankruptcy protection and cutting thousands of jobs as the world's most famous circus troupe seeks to survive the coronavirus pandemic.
Hertz files for US bankruptcy protection as car rentals evaporate in pandemic
Business 5 years ago

Hertz files for US bankruptcy protection as car rentals evaporate in pandemic

The firm, whose largest shareholder is billionaire investor Carl Icahn with a nearly 39 percent ownership stake, is reeling from government orders restricting travel and requiring citizens to remain home.
Thai govt OKs plan for bankruptcy court-led restructuring of Thai Airways
Business 5 years ago

Thai govt OKs plan for bankruptcy court-led restructuring of Thai Airways

Thailand's cabinet approved a plan to restructure troubled Thai Airways International Pcl's finances through a bankruptcy court, the Southeast Asian country's prime minister said on Tuesday.
'We want our money back', customers of Indosurya cooperative tell legislators
Business 5 years ago

'We want our money back', customers of Indosurya cooperative tell legislators

Customers of KSP Indosurya Cipta cooperative plead for help from members of the House of Representatives to get their money back
Richard Branson seeking buyer for Virgin Atlantic: Telegraph
Business 5 years ago

Richard Branson seeking buyer for Virgin Atlantic: Telegraph

Branson has set an end-of-May deadline to save the UK airline from collapse and is focused on securing new private investment from more than 100 financial institutions, the newspaper quoted people familiar as saying.
True Religion files for bankruptcy again as denim's allure fades
Lifestyle 5 years ago

True Religion files for bankruptcy again as denim's allure fades

True Religion Apparel Inc., once a fast-growing premium jeans brand, filed for bankruptcy in Delaware on Monday, its second Chapter 11 since 2017.
SoftBank drops 10 percent after OneWeb files for bankruptcy
Business 5 years ago

SoftBank drops 10 percent after OneWeb files for bankruptcy

OneWeb made the filing late Friday US time after raising about $3.3 billion in debt and equity financing from shareholders including SoftBank, Airbus and Qualcomm since its inception. At least $1 billion of that came from SoftBank, which said it first invested in December 2016 and declined to give a total amount.
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