BrewDog creditors owed £190m will not be paid in full, say administrators
Administrators of collapsed beer company BrewDog report that creditors owed approximately £190m will not receive full payment due to insufficient funds from asset sales.
Wendy’s franchisee files for Chapter 11 bankruptcy protection as burger chain struggles
Meritage Hospitality, one of Wendy’s largest U.S. franchisees, filed for Chapter 11 bankruptcy protection Thursday as the burger chain faces persistent sales declines and value-conscious consumers.
Auto industry urges Trump to bar Chinese automakers in U.S. ahead of Xi visit
The U.S. automotive industry is urging Trump to maintain policies blocking Chinese automakers from the American market ahead of his meeting with President Xi Jinping.
Disney names CTO for the first time as media giant expands tech push
Disney has appointed Karandeep Anand, formerly CEO of Character.AI, as its first chief technology officer, reporting to CEO Josh D’Amaro effective October 2.
Nike parts ways with Kylian Mbappé; soccer superstar signs with On
Nike declined to renew its endorsement agreement with French soccer star Kylian Mbappé, who has signed a major deal with Swiss sportswear company On.
JP Morgan struggling to forecast oil prices due to US-Iran war
JP Morgan said it cannot forecast oil prices amid the US-Iran war, admitting analysts “simply don’t know how to model the endgame” as multiple economic thresholds have been breached.