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Weak electric car sales force car dealership into insolvency
Preckel Automobile, a German car dealership group, has filed for insolvency as weak electric vehicle sales have seriously undermined its business, leaving around 500 jobs at risk. The company is closing…
Hundreds of jobs to be lost in TGI Fridays insolvency plan
Hundreds of UK hospitality workers are facing redundancy as the owner of TGI Fridays prepares a pre-pack administration deal. Sugarloaf TGIF Management, which acquired the chain only two months ago, plans…
Germany corporate insolvencies reached decade-high in 2025
2025 saw German business insolvencies climb to their highest level in a decade, with 23,900 companies filing for bankruptcy - an 8.3% increase from 2024. This reported surge reflects the serious toll…
Kanabo calls in administrators marking an end to the LSE Cannabish Rush
Kanabo Group, once a flagship medical-cannabis firm on the London Stock Exchange, has entered administration as of 28 November 2025, marking a dramatic collapse for what was once considered a leader of…
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