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In Pictures: Popular global firms that have filed for insolvency amid global lockdown

May 15, 2020 11:36 AM

In Pictures: Popular global firms that have filed for insolvency amid global lockdown

SUMMARY

Here is a list of some popular global firms that have filed for bankruptcy amid global lockdown due to the spread of coronavirus pandemic.

By Pradeep Suresh May 15, 2020 9:02:47 PM IST (Updated)

ALDO Group: The Canadian retail giant famous for its footwear and accessories filed for bankruptcy on May 7. (REUTERS/Tyrone Siu)

Avianca: Latin America’s largest carrier filed for bankruptcy on May 10.

Diamond Offshore Drilling: The offshore drillingsought bankruptcy protection on April 27. (REUTERS/Kweku Obeng)

Foodora: The food delivery app filed for insolvencylast month.

Gold’s Gym: The legendary fitness firm filed for bankruptcy earlier in the month.

McDermott International: The construction and engineering company initiated the process back in January.

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