Distressed brands are often forced to file for bankruptcy protection or enter administration. On the other hand, private equity firms seek to identify and acquire these undervalued assets.

A group of high net worth investors has purchased the historic Ambassador Chicago Hotel out of receivership after years of financial distress for the Gold Coast landmark. A venture managed by ...

This includes billions of dollars in distressed commercial real estate assets. The government actions back in 2023 certainly left the industry breathing a sigh of relief. “One thing the FDIC and the ...

A group of high-net-worth investors has purchased the historic Ambassador Chicago hotel out of receivership and added it to a cluster of independently managed boutique inns around the city.

Elton John shared a heartbreaking update on his deteriorating eyesight. Nearly a year after he was diagnosed with a “severe eye infection,” which led to him losing vision in his right eye, the ...

Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Thames Water has received preliminary equity bids from parties that include one of the US’s biggest ...

This was the focus of a session titled “Distressed Democracy” at Firstpost’s IdeasPod, held as part of the annual Raisina Dialogue, organised by the Observer Research Foundation (ORF) in partnership ...

A paedophile who sexually assaulted a five-year-old has been granted the right to a secret parole hearing to save him from becoming distressed by it being public. Tyler Eastley, 26, successfully ...

Sam Jones, the American tourist who took a distressed wombat joey from its mother, has provided a two-minute video statement apologizing An American influencer who outraged Australians after a video ...

A young girl has been left distressed after being attacked in a park in Fife by a man. A member of the public contacted police following the alleged assault at Rex Park in Dunfermline around 4.55pm on ...

"They want to see an end to deepening poverty, debt, destitution, and hunger in their communities. Many will be distressed, disappointed, scared, and angry at today’s announcements. “Cutting vital ...