January 02, 2024
Bankruptcy Experts Predict ‘Big Year for Insolvency’ in 2024
Insolvency experts are reportedly gloomy about what 2024 will bring big companies. These firms will face continued high borrowing costs and reduced consumer spending, with tech companies among those facing financial upheaval,...
January 02, 2024
US Prosecutors Opt Against Second Trial for FTX Founder Sam...
US prosecutors announced on Friday night that they do not intend to pursue a second trial against Sam Bankman-Fried, the former billionaire and founder of the now-bankrupt FTX cryptocurrency exchange....
December 29, 2023
Main Street Merchants Find Their 2024 Footing Online
2023 hasn’t been an easy environment for small and midsized businesses (SMBs). Business bankruptcy rates jumped 30% between September 2022 and September 2023, as macro factors like record-high interest rates and the...
December 28, 2023
Zulily’s Last Checkout: The Retail Road to Its Online Closure
Online retailer Zulily is calling it quits. In the latest update from PYMNTS regarding Zulily, once navigating the choppy waters of a fiercely competitive sea, has disclosed its intentions of...
December 27, 2023
Zulily Begins Liquidation After Several Rounds of Layoffs
Citing a challenging business environment, online retailer Zulily is closing its doors. The company announced its liquidation process on its website Wednesday (Dec. 27), informing customers that it hopes to fill all ending orders...
December 22, 2023
This Week: Amazon’s Prime Time Play; Walmart’s Bag Now, Pay...
In a bold play to score big in the sports content arena, Amazon is rumored to be eyeing an investment in Diamond Sports Group, aiming to become the MVP of...
December 21, 2023
Farfetch, Now Matches: Investors Look for Deals Amid Luxury eCommerce...
Matchesfashion has officially changed hands. Frasers Group, the British retail conglomerate, has acquired the luxury multibrand retailer for £52 million ($65 million) from private equity firm Apax Partners. Apax had...
December 21, 2023
$1 Billion in Three Arrows Founders’ Assets Frozen by Court
A court has reportedly frozen $1 billion in Three Arrows Capital’s founders’ assets. The ruling came down earlier this week from a court in the British Virgin Islands, Coindesk reported Thursday...
December 20, 2023
E-Scooter Startup Bird Declares Bankruptcy Following Delisting
Bird, the once high-flying electric scooter startup, has filed for bankruptcy. The Miami-based company announced its Chapter 11 filing two years after going public, one year after warning bankruptcy could...