bankruptcy
In the fight for early payouts from bankrupt Saks, big luxury brands have the edge
Analysis-To survive, Saks must court the slightly-less-wealthy
Saks Global leans on real estate to keep doors open during bankruptcy (Jan 14)
Chanel, Kering top luxury who's who of Saks Global unsecured creditors
German business lobby raises alarm over highest number of bankruptcies in 11 years
Date: January 12, 2026
BERLIN, Jan 12 (Reuters) - Germany is experiencing an alarmingly high number of company bankruptcies, a development that shows no sign of abating unless the government immediately provides tangible...
Saks Global seeks to file for bankruptcy as soon as Sunday, Bloomberg News reports
Date: January 9, 2026
Jan 9 (Reuters) - Luxury retailer Saks Global is planning to file for Chapter 11 bankruptcy as soon as Sunday, Bloomberg News said on Friday, citing people familiar with the matter. (Reporting by...
Austrian ex-tycoon Benko found guilty of hiding luxury watches from creditors
Date: December 10, 2025
INNSBRUCK, Austria, Dec 10 (Reuters) - A second trial of Austrian former property billionaire Rene Benko for insolvency fraud opened on Wednesday after he was handed a two-year prison sentence eight...
UBS credit funds could face 10% write-down due to First Brands, Handelsblatt reports
Date: November 26, 2025
ZURICH (Reuters) -UBS could mark down credit funds managed by its O'Connor hedge fund unit by over 10% following the bankruptcy of U.S. auto parts supplier First Brands, German business paper...
Austrian ex-billionaire Benko appeals against insolvency fraud conviction
Date: October 20, 2025
VIENNA (Reuters) -Austrian former property billionaire Rene Benko has filed an appeal against his conviction last week for insolvency-related fraud and the two-year prison sentence it incurred, his...
Spirit Airlines cancels Airbus order in settlement with AerCap
Date: October 10, 2025
By Rajesh Kumar Singh and Doyinsola Oladipo NEW YORK (Reuters) -In a fleet optimization move, Spirit Airlines will reject its commitment to buy 52 Airbus planes along with its options for 10 others....