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fromBusiness Insider
2 weeks ago

Marriott said it lost $23 million in letting go of Sonder

On a Tuesday earnings call, Marriott's outgoing finance chief, Leeny Oberg, said Marriott incurred a $23 million loss from terminating its contract with the luxury short-term rental company Sonder in November. A Tuesday earnings report said the $23 million in charges came from termination expenses and the write-down of Marriott's licensing agreement with Sonder. Oberg added that it was a one-time expense.
Business
Food & drink
fromInsideHook
1 month ago

Acclaimed Distillery Kentucky Owl Faces an Uncertain Future

Stoli filed to convert Kentucky Owl's Chapter 11 case into Chapter 7, creating liquidation risk despite claims of sufficient U.S. inventory.
Travel
fromBusiness Insider
3 months ago

Marriott-Sonder guests are scrambling for refunds - expert explains how to get your money back

Marriott ended its partnership with Sonder, causing canceled reservations and prompting guests to pursue credit-card chargebacks for refunds.
Business
fromsfist.com
3 months ago

SF-Based Furnished Apartment Rental Startup Sonder Shuts Down, Declares Bankruptcy

Sonder lost its Marriott partnership, suffered integration and financial failures, filed for Chapter 7 bankruptcy, and is winding down operations.
Startup companies
fromBusiness Insider
3 months ago

Airbnb rival Sonder Holdings to file for bankruptcy

Sonder Holdings will liquidate its U.S. operations, file Chapter 7 bankruptcy, and wind down assets after Marriott ended their booking partnership, causing traveler disruptions.
Media industry
fromSFGATE
4 months ago

A one-time 'conservative superstar' in California just went bankrupt

Parents Television Council filed for Chapter 7 bankruptcy, revealing about $92,000 in assets and $285,000 in liabilities and ceasing operations.
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