The office-sharing company could file for bankruptcy as early as next week, according to sources
Chapter 11
Latest in Chapter 11
Bankruptcy
Domino effect: BlockFi files for bankruptcy following huge exposure to FTX
The liquidity crisis due to BlockFi’s exposure to FTX via loans to one of its affiliate companies Alameda, as well as cryptocurrencies trapped on FTX’s platform
Bankruptcy
Forever 21 in UAE unaffected by US bankruptcy filing
The fast fashion brand in the emirates is franchised by Sharaf Group, which also operates electronics giant Sharaf DG
Bankruptcy
Forever 21 files for bankruptcy, adding to retail apocalypse
Once popular among teenagers in the 2000s for its affordable but eye-catching designs, Forever 21’s signature bright-yellow shopping bags have become a rarer sight as Generation Z consumers
Artificial intelligence
Man on the rebound: Avaya’s Jim Chirico
Arabian Business catches up with Jim Chirico, president and CEO of Avaya Inc, one year after it exited chapter 11 and began its recovery
Avaya
Avaya restructuring plan approved by US court
Tech giant to emerge from restructuring process before the end of this year with around $2.9bn of funded debt
Artificial intelligence
Tech giant Avaya: from Chapter 11 to a new chapter
Avaya president and CEO Jim Chirico on how the company overcame a turbulent year, and is using the opportunity to propel itself in a new direction
Artificial intelligence
Opinion: Taking the positives out of bankruptcy
For many CEOs, the prospect of bankruptcy is the stuff of nightmares, but if done right it can lead to new opportunities