Forever 21 seeks rent concessions, facing financial struggles
A Forever 21 store is pictured in London on Sept. 30, 2019. Alberto Pezzali | NurPhoto | Getty Images Forever 21 is asking landlords for a break on rent as …
Bankruptcy Figures
WeWork emerges from bankruptcy, announces John Santora as new CEO
A WeWork co-working office space in New York, US, on Tuesday, Nov. 7, 2023. Yuki Iwamura | Bloomberg | Getty Images WeWork, the shared office space company once valued at …
Most customers of crypto firm will get all money back
Sam Bankman-Fried, co-founder of FTX Cryptocurrency Derivatives Exchange, arrives at court in New York, US, on Thursday, Feb. 16, 2023. Yuki Iwamura | Bloomberg | Getty Images Almost all customers …
Deutsche Bank to file liquidation suit against Chinese developer Shimao, Reuters reports
Deutsche Bank is preparing a liquidation lawsuit in Hong Kong against Chinese developer Shimao Group, two sources said, in a rare move by a foreign firm that comes amid rising …
Evergrande chairman’s second seized Hong Kong mansion put up for sale
China Evergrande Center sign seen on the front of their building. A second mansion in Hong Kong that once belonged to China Evergrande Group’s chairman has been put up for sale …
SoftBank gets $7.6 billion T-Mobile stake windfall, shares soar
Signage at a SoftBank Corp. store in the Ginza district of Tokyo, Japan, on Wednesday, Nov. 1, 2023. Kiyoshi Ota | Bloomberg | Getty Images Shares in SoftBank Group jumped 5% on Wednesday …
Electric scooter company Bird files for bankruptcy
A banner for electric scooter rental company Bird is displayed outside of the New York Stock Exchange as the company goes public via a SPAC on Nov. 5, 2021. Spencer …
Caroline Ellison said SBF considered raising money from MBS to repay FTX
Caroline Ellison, former chief executive officer of Alameda Research LLC, exits court in New York, US, on Tuesday, Oct. 10, 2023. Yuki Iwamura | Bloomberg | Getty Images Caroline Ellison, …
Chinese asset manager Zhongzhi says it faces a liquidity crisis: Reuters
China property investment slid nearly 8% in the first half of the year, official data showed Monday, pointing to a deepening decline in investment for a sector that accounts for …
Mozambique ex-minister denied bail over $2 billion ‘tuna bond’ scandal
Mozambique’s former finance minister, Manuel Chang (pictured here in 2019), has been deemed a flight risk. Wikus De Wet | Afp | Getty Images A U.S. federal judge ruled that …