bankruptcy

Image for Lyten says auto deals will take time as it takes over Northvolt assets
Headlines

Lyten says auto deals will take time as it takes over Northvolt assets

By Marie Mannes STOCKHOLM, Feb 27 (Reuters) - Lyten will initially target markets such as energy sto...

27th February, 2026

Image for Italy's Cucinelli says it resumed shipments to Saks at end-January
Finance

Italy's Cucinelli says it resumed shipments to Saks at end-January

MILAN, Feb 18 (Reuters) - Italian luxury group Brunello Cucinelli said it resumed shipments to Saks...

18th February, 2026

Image for In the fight for early payouts from bankrupt Saks, big luxury brands have the edge
Finance

In the fight for early payouts from bankrupt Saks, big luxury brands have the edge

By Nicholas P. Brown NEW YORK, Jan 30 (Reuters) - Some of the world’s biggest luxury brands are quie...

30th January, 2026

Image for Analysis-To survive, Saks must court the slightly-less-wealthy
Finance

Analysis-To survive, Saks must court the slightly-less-wealthy

By Nicholas P. Brown NEW YORK, Jan 15 (Reuters) - Saks Global, the iconic and now-bankrupt luxury re...

15th January, 2026

Image for Saks Global leans on real estate to keep doors open during bankruptcy (Jan 14)
Finance

Saks Global leans on real estate to keep doors open during bankruptcy (Jan 14)

By Juveria Tabassum Jan 14 (Reuters) - Saks Global's prime real estate portfolio could serve as a cr...

14th January, 2026

Image for Chanel, Kering top luxury who's who of Saks Global unsecured creditors
Finance

Chanel, Kering top luxury who's who of Saks Global unsecured creditors

By Alessandro Parodi, Elisa Anzolin and Tassilo Hummel Jan 14 (Reuters) - French luxury brand Chanel...

14th January, 2026

Image for German business lobby raises alarm over highest number of bankruptcies in 11 years
Finance

German business lobby raises alarm over highest number of bankruptcies in 11 years

BERLIN, Jan 12 (Reuters) - Germany is experiencing an alarmingly high number of company bankruptcies...

12th January, 2026

Image for Saks Global seeks to file for bankruptcy as soon as Sunday, Bloomberg News reports
Finance

Saks Global seeks to file for bankruptcy as soon as Sunday, Bloomberg News reports

Jan 9 (Reuters) - Luxury retailer Saks Global is planning to file for Chapter 11 bankruptcy as soon...

9th January, 2026

Image for Austrian ex-tycoon Benko found guilty of hiding luxury watches from creditors
Headlines

Austrian ex-tycoon Benko found guilty of hiding luxury watches from creditors

INNSBRUCK, Austria, Dec 10 (Reuters) - A second trial of Austrian former property billionaire Rene B...

10th December, 2025

Image for UBS credit funds could face 10% write-down due to First Brands, Handelsblatt reports
Finance

UBS credit funds could face 10% write-down due to First Brands, Handelsblatt reports

ZURICH (Reuters) -UBS could mark down credit funds managed by its O'Connor hedge fund unit by over 1...

26th November, 2025

Image for Austrian ex-billionaire Benko appeals against insolvency fraud conviction
Finance

Austrian ex-billionaire Benko appeals against insolvency fraud conviction

VIENNA (Reuters) -Austrian former property billionaire Rene Benko has filed an appeal against his co...

20th October, 2025

Image for Spirit Airlines cancels Airbus order in settlement with AerCap
Finance

Spirit Airlines cancels Airbus order in settlement with AerCap

By Rajesh Kumar Singh and Doyinsola Oladipo NEW YORK (Reuters) -In a fleet optimization move, Spirit...

10th October, 2025