#liquidation

#liquidation

Short-term rental firm Sonder Holdings said it will wind down its US operations after hotel chain Marriott abruptly ended their partnership. In a Monday press release, the San Francisco company said it plans to file "a Chapter 7 liquidation of its US business," and "initiate insolvency proceedings" in other countries where it operates. "We are devastated to reach a point where a liquidation is the only viable path forward," said Janice Sears, Sonder's interim CEO.

A statement from Manchester Pride's Board of Trustees shared to Instagram on Wednesday (22 October) confirmed "with enormous sadness" that Manchester Pride Ltd had entered liquidation after it was deemed to no longer be financially viable. Blaming rising costs, declining ticket sales and an unsuccessful bid to host EuroPride, the board confirmed that Manchester Pride's staff team will be made redundant and that the details of those owed money would be handed to liquidators.

"These debts are historic. They go back over many years. While some of the issues were worked on in more recent times, the full scale of the problem only became visible during the leadership change in 2025," the Update states. "Once the Board understood the full picture, it was clear that there was no responsible way forward other than liquidation."

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