Kyte shuts down after sinking $550+ million
Rental car company sputters? Kyte falls out of the sky? What kind of metaphor should I have used to describe the spectacular bust of a company once touted…
Category
Bankruptcies
Lilium NV plummets to the ground after gov declines to rescue it mid-air
In our second “falling to earth” headline metaphor of the day, Lilium NV will be shuttering its two subsidiaries after it failed to raise the 100mm in loans…
Espirit is shirtless
Eighties and nineties kids might remember when Espirit was the peak of cool, but no one else does. The failed fashion brand company is filing chapter 7 bankruptcy…
BowFlex can’t handle the weight
BowFlex is filing for bankruptcy with $140mm in assets and $125.9mm in debt. The home workout equipment maker has said that it has a bid of $37.5 million…
E-commerce company Thrasio gets throttledio
The headline: Thrasio Takes Steps to Strengthen Financial Position The sub-headline: Initiates Pre-Arranged Chapter 11 Process with Support from Lenders to Significantly Reduce Debt and Facilitate Comprehensive Balance…