Bankruptcy/Liquidation

Hour Glass co-founder Jannie Chan’s $18.9 million debt dispute sent to trial

The High Court has sent a $18.9 million dispute over alleged improper loans by bankrupt businesswoman Jannie Chan’s coffee-trading company to trial.

Saks Global files for bankruptcy after Neiman Marcus takeover leads to financial collapse

A retailer long loved by the rich and famous, Saks fell on hard times after the Covid pandemic, as competition from online outlets rose.

Hooters restaurant in Clarke Quay to close after 30-year run

Curious onlookers waiting for the Hooters outlet at Clarke Quay to open on Dec 29. There was no signage of the impending closure.

US luxury retailer Saks weighs bankruptcy a year after raising billions for turnaround

US chain Saks Global Enterprises, which operates its flagship Saks Fifth Avenue stores along with Bergdorf Goodman and Neiman Marcus, reported a 13 per cent year-over-year drop in second-quarter.

Robot vacuum Roomba maker files for bankruptcy after 35 years

The company will go private after handing control of the consumer robot maker to Shenzhen PICEA Robotics.

Michael Johnson’s Grand Slam Track files for bankruptcy after troubled debut season

May 3, 2025; Miramar, FL, USA; A general overall aerial view of the Ansin Sports Complex, the site of the Grand Slam Track Miami. Mandatory Credit: Kirby Lee-Imagn Images

Over 120 Johor homeowners seek help after developer declared bankrupt

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

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

Bankruptcies in S’pore at 5-year high but many who go bust are getting a fresh start

Mr Joel Choy (left) declared bankruptcy in 2014 and was discharged from bankruptcy in 2021. His wife, Ms Tan, was his greatest pillar of strength during the time.

British Basketball Federation to enter liquidation amid financial crisis

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MDDI (P) 046/10/2025. Published by SPH Media Limited, Co. Regn. No.202120748H. Copyright © 2026 SPH Media Limited. All rights reserved.