The Business Times

Bankruptcy

Singapore

Shariot’s woes reflect rough road for car-sharing in Singapore: observers

Twelve Cupcakes, which suddenly ceased operations on Oct 29, has entered full liquidation as of Nov 24.
Singapore

Twelve Cupcakes owes over S$1m to creditors; workers may get Oct salary in Q1 2026

Labour-intensive sectors with razor-thin margins are hit hardest, leaving firms struggling to pass on costs.
International

UK insolvencies surge as higher business costs deepen strain

David Velez, chief executive officer of Nubank, during the Bloomberg New Economy Forum in Singapore, on Thursday, Nov. 20, 2025. The New Economy Forum is being organized by Bloomberg Media Group, a division of Bloomberg LP, the parent company of Bloomberg News. Photographer: Lionel Ng/Bloomberg
Wealth & Investing

Finance billionaires warn of rising private credit market risks

First Brands has struggled to overcome objections from creditors who accuse the firm of stripping them of their collateral rights in inventory and equipment without compensation, as the bankruptcy code typically requires. 
Transport & Logistics

First Brands says it needs US$600 million or ‘it’s game over’

Governor Andrew Bailey said the BOE planned to conduct a “system-wide exploratory scenario” with banks, insurers, private equity companies and other non-bank lenders.
Banking & Finance

Bank of England’s Bailey warns First Brands, Tricolor collapses may herald worse to come

Marc Nicholson, founder of private members' club 1880.
Style & Travel

1880 founder Marc Nicholson files for bankruptcy; club’s brand sold to group behind Mandala Club

Spirit’s petition underscores the difficulty facing discount airlines in the US, from high labour costs to the ever-present struggle to grow enough to protect margins.
Transport & Logistics

Spirit Airlines bankruptcy tees up painful cuts in survival bid

Claire’s has been exploring restructuring options, including a possible sale, amid weakened cash flow and a heavy debt burden.
Consumer & Healthcare

Claire’s skips rent payments, moving closer to bankruptcy filing

As at Jan 31, 2025, Del Monte Pacific's net investment value in Del Monte Foods stood at US$579 million.
Companies & Markets

Del Monte Pacific expects capital deficit from write-offs of US unit’s bankruptcy

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