Bloomberg Indonesia’s flag carrier needs cash fast as losses soar past a half-billion dollars and unpaid bills pile up, yet negotiations for government aid move slowly and still may not yield enough to cover the shortfall. A first-half loss of $713 million, announced last week, was just the latest piece of bad news for PT Garuda Indonesia. The airline already ...

Bloomberg Clothing retailers, including department stores, have raised $36 billion from banks to help weather store closures and lost revenues during the coronavirus pandemic. German apparel brand Hugo Boss AG has joined more than 100 similar companies from Europe and US in seeking financing support. Boss has drawn down part of its existing credit line, borrowed additional funds supported by ...

Bloomberg DW Sports, founded by former English soccer player David Whelan, filed for administration after the company had to close dozens of its gyms and retail stores due to the Covid-19 pandemic. BDO LLP was appointed administrator of the UK retailer and said all the company’s approximately 1,700 jobs are “at risk of redundancy,” according to an emailed statement. DW ...