7 of Sonia Rykiel's most iconic looks, from lingerie to statement jumpers

After failing to find a buyer, French luxury fashion designer Sonia Rykiel is reportedly likely to collapse, dealing yet another blow to the industry this year.

Months after the company filed for bankruptcy in France and shut down stores in New York and London, a judge in a Paris commer...

Deal talks continue, but Virgin Orbit is doing everything it can to escape bankruptcy.

According to CNBC's findings, Virgin Orbit is in a mad dash to find a financing lifeline and avoid bankruptcy, which could happen as soon as this week if a deal isn't reached.

CNBC was the first to report that the rocket manufacturer had temporarily shut down and dismissed most ...

Alex Jones, the Infowars presenter, declares bankruptcy after owing $1.5 billion to Sandy Hook victims.

Alex Jones, the founder and broadcaster of Infowars, has filed for bankruptcy after being ordered by the courts to pay over $1.5 billion to Sandy Hook school tragedy victims.

Jones filed for Chapter 11 bankruptcy protection in Houston's United States Bankruptcy Court for the Souther...

UAE CABINET AMENDS BANKRUPTCY LAW AS THE PANDEMIC ADJUSTMENT

HIGHLIGHTS

• The UAE Cabinet, under the chairmanship of His Highness Sheikh Mohammed bin Rashid Al Maktoum, has endorsed alterations to the arrangements of the Federal Law by Decree No. (9) Of 2016 on Bankruptcy as a feature of the administration's nonstop end...

PRAMOD MITTAL, WHO SPENT 50 MILLION POUNDS ON DAUGHTER’S WEDDING IS BIGGEST BANKRUPT IN UNITED KINGDOM

Highlights:

• Pramod Mittal, who is the brother of Lakshmi Mittal said that he owns 2.5 billion pounds
• Pramod Mittal has become the biggest Bankrupt person in the United Kingdom

Pramod Mittal, who is the brother of the 19th richest per...

SEVEN RETAILERS FILED FOR BANKRUPTCY PROTECTION IN EARLY JULY

HIGHLIGHTS

• Department stores and apparel companies have been hit hard by the COVID – 19 pandemic 
• In 2020, around 44 retailers have landed in bankruptcy court 

In early July seven ret...

BANKRUPTCIES IN JAPAN LIKELY TO RISE IN 2020

Highlights

• It is being forecasted that such cases may exceed 10,000 this year
• It is the highest since 2013

In 2020, companies in Japan declaring bankruptcy will likely climb to the most in seven years. It further put...

DALLAS BASED LUXURY STORE, NEIMAN MARCUS FILES FOR BANKRUPTCY

Highlights:

• The Dallas-based store files for bankruptcy
• Hopes to emerge debt-free by fall

The latest to file for bankruptcy is the Dallas based luxury departmental store, Neiman Marcus. Neiman Marcs is a 113-year-old luxury retailer. Troubles for the...

GOLD'S GYM FILES FOR CHAPTER 11 BANKRUPTCY WORTH $100 MILLION IN ASSETS AND LIABILITIES

Highlights:

• The fitness chain has taken a major hit during this pandemic
• The fitness chain is currently operating via its app, online  

With the fitness industry taking a hit during the pandemic, Gold's gym has filed for chapter 11 bankruptc...

NEW ORLEANS ON THE VERGE OF BANKRUPTCY

Highlights:

• New Orleans is one of the hardest-hit cities
• It misses out on the benefits of the $2 trillion stimulus package as it is 100,000 residents less than the minimum residents required for the package to be applied for

The state of New Orl...

AICHI PREFECTURE’S HOTEL FILES FOR BANKRUPTCY DUE TO COVID-19

Highlights:

• The hotel had focused on attracting Chinese tourists was faced with cancellation by the tourists due to COVID-19 outbreak
• It is expected that nearly 400,000 cancellations in Japan by the end of March

COVID-19 outbreak has...

India’s economy is expected to rebound in 2020

The Confederation of Indian Industry (CII), said on Sunday that India’s economy is expected to rebound in 2020. It suggests that gradual recovery from the slow down shall soon be in place. 

It can be accounted to the measures taken by the RBI and government along with easing ...

NCLT orders Aviva Insurance insolvency proceedings

In a case filed by Apeejay Trust, the National Company Law Tribunal ordered insolvency proceedings against Aviva Life Insurance.

A two-member NCLT Delhi bench consisting of Justice R D Khare and Sumita Purkayastha allowed the complaint against Aviva Life Insurance and also named a quali...

Bank of Baroda officer steps down

The banks of India are facing Bankruptcy due to the forever changing norms of the Indian government amongst the global economic slowdown. The stepdown of a major official from Bank of Baroda is expected to change the finance and banking scene.

P.S. Jayakumar finished his term as Bank of...

The US sees many bankrupt companies

As the United States had ensued a trade war with China many altercations of the event were recorded and the most severe ones have left the firms bankrupt so let's have a look at that.

In late September, mall shop Persistently 21 converted the latest major U.S. corporation to submit ...

Forever 21 files for bankruptcy, adding to the retail apocalypse

Forever 21 Inc. Has filed for bankruptcy security, adding another big fashion trade to the tally of traders who couldn’t cope with high charges and heavy rivalry.

Court papers filed in the Bankruptcy Court for the District of Delaware show Forever 21 has projected liabilities on a...