Japanese investment behemoth SoftBank has disclosed a staggering loss of $6.2 billion (approximately 5 billion pounds), as it grapples with the fallout from WeWork’s downfall.
WeWork shares (NYSE:WE) have halted trading amid speculation
Trading of shares was halted at 8:51 am UK time, with the New York Stock Exchange indicating on its website that the suspension was due to “pending news.”
Cineworld Group PLC (LSE:CINE) is on the verge of appointing administrators imminently
Insiders anticipate that Cineworld Group PLC (LSE: CINE) is poised to engage administrators momentarily, mere days following Sky’s coverage of a restructuring scheme for the UK-based cinema chain. The task
As Cineworld exits Chapter 11, its shareholders receive no benefits.
Cineworld Group PLC (LSE: CINE), a prominent cinema chain, has announced its plan to exit Chapter 11 bankruptcy protection by July. The restructuring strategy set to be implemented will unfortunately
Cineworld Declares It Wants to Recover from Bankruptcy Act
Cineworld Group Plc stated that it plans to emerge from bankruptcy unscathed after senior lenders were reported to have been considering a sale of its east European operations.
Cineworld Shares Surge After Bankruptcy Settlement with landlords, lenders
Cineworld Group, a movie theatre chain, announced Monday a bankruptcy settlement. This allowed the company to borrow $150 million more and repay $1 billion in debts.
Cineworld files for bankruptcy protection in the USA
Cineworld Group filed for bankruptcy protection in the US as the debt-laden company seeks to restructure.
Over the last eight years, the two brothers who run Cineworld have been paid almost £26m in salary – nearly equal to the firm’s current value.
Since joining Cineworld’s board of directors in 2014, Israel Greidinger and Mooky have been each paid huge sums. The company now faces bankruptcy.
Cineworld pays $100m to lawyers and bankers in an unfortunate survival battle
The second-largest cinema operator in the world is looking for a rescue plan.
Cineworld nears bankruptcy following Covid slump, may file for Chapter 11 in the US within weeks
Cineworld is about to file for bankruptcy following a collapse of audiences during the Covid crisis.