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… — Lew
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… — Lew
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… — Lew
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… — Lew
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… — Lew