Seafolly, an Australian swimwear maker, has gone into voluntary administration, citing plummeting sales and the crippling financial impact of the coronavirus pandemic. KordaMentha announced Monday that it had been appointed as administrator by the company, which is...
Sport is back. From the Italian Serie A to the English Premier League, teams are finally returning to the pitch. This will be good news for private equity firms, which have been capitalising on the opportunity to pick up assets during the months-long hiatus. CVC...
In recent months, economic fallout from the coronavirus outbreak has upended some of the buzziest startups, notably ones that had secured billions of venture capital dollars without demonstrating a clear path to profitability. On Friday, Amazon announced it has...
With two days left in the first half of 2020, midyear figures show the toll that the venture capital ecosystem has suffered from the worst economic downturn in nearly a century. It’s no surprise that the US venture market has slowed down dramatically and remains...
In the ongoing scandal of Wirecard, under fire for fraud, the focus is now turning to auditors Ernst & Young (EY), which reportedly failed to report Wirecard’s “unorthodox financial arrangements” as far back as 2016, The Wall Street Journal (WSJ) reported.... 