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Major European hotel operator collapses into administration

Revo Hospitality Group, Europe’s largest white-label hotel operator, has filed for insolvency under self-administration in Germany. This move affects approximately 140 companies within the group, which…

​Claire’s and The Original Factory Shop on brink of collapse

In January 2026, UK high street staples Claire’s and The Original Factory Shop entered administration, putting approximately 2,500 jobs and 294 stores at risk. Both retailers, owned by investment firm…

Eight Advisory announced as new INSOL Europe Annual Congress Main Sponsor

Eight Advisory is a leading European independent consulting firm specialising in financial, operational and strategy advisory services. We support executives, shareholders, lenders and investors at critical…

Future of city housing project unclear after developer Capelli Lux files for insolvency

The South Village mixed-use development in Howald, Luxembourg, has been thrown into uncertainty following the bankruptcy of Capelli Lux, a subsidiary of the French real estate developer Groupe Capelli.…

News

The corporate battlefield: Global insolvencies in times of war economics
In this global insolvency report from Allianz report from 18 March, 2025, a continued rise in global business insolvencies is expected. 
 
The rises expected are 2025 (+6%) and 2026 (+3%) after a +10% surge in 2024, driven by delayed interest rate cuts, economic uncertainty, and geopolitical tensions. 
 
The US saw the sharpest rise in 2024 (+22%), with the Eurozone also accelerating (+19%), particularly in Germany (+23%) and Italy (+45%). The UK experienced a decline (-5%), while China saw a trend reversal (+3%). North America and Asia will drive insolvency growth in 2025, with Western Europe facing its fourth consecutive increase. Business failures will put 2.3 million jobs at risk globally in 2025. 
 
High interest rates could further tighten credit, increasing default risks, while a trade war could add +8% to global insolvencies. Europe’s rising defence spending may mitigate some risks but benefit limited sectors. Regulatory changes in the EU could structurally increase insolvencies in weaker regions, while stricter payment terms could exacerbate liquidity shortages.
 
Read their summary of key findings and download the full report at Allianz
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