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Distressed Debt: Hunkemöller offers Europe taste of creditor-on-creditor violence

In December 2025 Dutch lingerie retailer Hunkemöller initiated a controversial restructuring that introduced ‘creditor-on-creditor violence’ to the European market, which has sparked a major legal…

SmartLynx Airlines closure leaves fate of sister Estonian and Maltese carriers unclear

Latvian-based SmartLynx Airlines has ceased all commercial operations, ending 33 years as a leading European ACMI and charter provider. The shutdown follows a rapid spiral into insolvency, occurring just…

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…

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