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Airbnb rival Sonder Holdings to file for bankruptcy after Marriott ends partnership
Sonder, a short‐term rental company once valued at nearly $2 billion, is filing for Chapter 7 bankruptcy and liquidating its U.S. operations after its partnership with Marriott International collapsed.…
Romania agrees to sell separately core assets of Liberty Galati steel mill
The Romanian government, the principal creditor of the financially distressed Liberty Galati steel mill (part of Liberty Steel Group), has reversed its stance and agreed to sell the company's core assets…
Baltika fashion group files for bankruptcy and will lay off all employees
Baltika, an Estonian clothing company with a history spanning nearly a century, has filed for bankruptcy after years of financial struggles. The decision follows a failed restructuring attempt and the…
Oil and gas firm Petrofac files for administration, putting thousands of jobs at risk
Petrofac, a major UK-based oil and gas contractor with about 7,300 employees globally, has filed for administration, endangering more than 2,000 jobs in Scotland, particularly around its North Sea operations.…
