Germany

CARMAT Announces Filing Today for Insolvency and Requesting Being Placed in Receivership

On 30 June this year, CARMAT, the French MedTech company that designs, manufactures and markets the Aeson® artificial heart, announced it will file for insolvency and request receivership due to an inability…

Corporate distress in Europe hits new highs

The latest Weil European Distress Index reveals that corporate distress across Europe is rising faster than expected, with the Retail & Consumer Goods sector now the hardest hit since the 2008 financial…

River Island drafts rescue plan as losses mount

High street fashion brand River Island has hired PwC to advise on a formal restructuring plan as it faces falling sales and tough trading conditions. The high street fashion chain, with around 230 stores…

Volvo to cut 3,000 jobs in global restructuring drive

Despite strong 2024 profits and record sales, Volvo is set to cut around 3,000 jobs globally - 1,200 employee roles and 1,000 consultant contracts in Sweden, as part of an SEK 18 billion (£1.39bn) cost-saving…