Turnaround Wing Publications

Swiss private bank, Julius Baer faces credit losses from insolvent Degag Group

As reported by Reuters, Swiss private bank Julius Baer, one of the largest and oldest in Switzerland, is facing significant credit losses from its exposure to the insolvent German property firm, Degag…

Braathens Regional Airlines enters financial reorganisation

Swedish carrier BRA, Braathens Regional Airlines and its subsidiary Braathens Regional Airways have begun a court-approved financial restructuring process, similar to US Chapter 11, to secure the future…

Novo Nordisk to lay off 9,000 workers as new CEO aims to save $1.3B per year by late 2026

The global healthcare company headquartered in Denmark and makers of Ozempic and Wegovy, is undertaking a major shake-up. New CEO Maziar Mike Doustdar announced in September that the company will cut…

Claire’s has collapsed into administration in the UK and Ireland operations, placing more than 2,000 jobs at risk.

On 13 August 2025, Claire’s UK and Ireland operations entered administration, placing over 2,000 jobs and around 300 stores at risk - specifically affecting 306 stores across those regions. Following…