Insolvency news and archive
UK companies face insolvency after two years of financial stress
Two years of trading anxiety, financial stress and post-pandemic uncertainty has left many British businesses, including retailers and fashion companies, at a risk of insolvency. Many companies took out loans when their companies were forced to close during Covid-19 restrictions and lockdowns, but are struggling to repay debts. A report by...
Roberto Cavalli acquired by Vision Investment
Vision Investment Co. LLC, the Dubai-based investment vehicle of millionaire Hussain Sajwani, owner of real estate developer Damac Properties Group, will acquire Italian luxury fashion brand Roberto Cavalli. This ends weeks of speculation that saw several potential buyers, among them German fashion designer Philipp Plein together with private...