Le Coq Sportif, in receivership, has been acquired by a group led by Franco-Swiss entrepreneur Dan Mamane, SGB Media reported. The new investors have committed to investing an initial €70 million (US$82.1 million) into the company to revive its growth. Le Coq Sportif has been owned since 2005 by Marc-Henri Beausire’s Swiss group Airesis. Mamane’s consortium is backed by the Mirabaud Patrimoine Vivant investment fund, which had previously taken a minority stake in Le Coq Sportif.

The European Central Bank will consider risks beyond trade tariffs, from security concerns to potential penalties on foreign investors, when it assesses the global landscape, the ECB's chief economist Philip Lane said on Wednesday, Reuters reported. "This uncertainty extends beyond the calibration of new tariff regimes and includes the possibility of a broader set of non-tariff barriers, a deeper intertwining of economic policies and security policies and possible revisions to the treatment of foreign portfolio investors and foreign direct investors," Lane told an event in Brussels.

Independent packaging manufacturer Krystals has entered into administration and ceased trading, resulting in the loss of approximately 80 jobs, GlobalData reported. Printweek reported that the company, based in Lincoln and Ellesmere Port in the U.K., was acquired by its most recent owners in 2008. Krystals operated a blow moulding plant for pharmaceutical containers, which it described as one of the most environmentally friendly in Europe, producing millions of units weekly.

Due to a challenging financial position, with limited liquidity and limited resources to satisfy its short-term and long-term obligations, Norwegian surveyor Argeo has decided to file for bankruptcy, Splash247.com reported. The company said on Monday that the formal filing will take place today. Its Norwegian subsidiaries, Argeo Survey, Argeo Robotics and Argeo Multiclient, will also file for bankruptcy. It is also expected that the company’s subsidiaries in Scotland, Singapore, and the U.S. will file for bankruptcy as well.

A private Russian space company is facing bankruptcy amid a broader pattern of industry failures, underscoring the mounting challenges facing Russia’s once-ambitious commercial space sector, The Moscow Times reported. SR Space, founded in 2020 by aerospace entrepreneur Oleg Mansurov, is the latest in a string of private ventures on the verge of collapse. Russia’s Federal Tax Service has initiated bankruptcy proceedings against the firm after freezing its accounts at four banks earlier this year over unpaid tax obligations, the Kommersant business daily reported.

Specialised life insurance group Athora has agreed to buy U.K. insurer Pension Insurance Corporation (PIC) for about 5.7 billion pounds ($7.78 billion), both companies said on Thursday, Reuters reported. Athora Holding, which has 76 billion euros ($89.70 billion) of assets under administration (AuM), is backed by U.S. alternative asset manager Apollo. Reinet Investments, which holds 49.5% of PIC, had said earlier in the day it was in advanced talks with Athora to sell its stake in PIC.

One of Germany’s largest banking groups is changing its stance on cryptocurrencies, Benzinga reported. The Sparkassen, also known as the Savings Banks Finance Group, is preparing to launch cryptocurrency trading services for its customers, according to a Bloomberg report released on Monday. “The Savings Banks Finance Group will provide reliable access to a regulated crypto offering,” the group reportedly said. The Sparkassen intends to offer its cryptocurrency trading services through DekaBank, the group’s asset management and capital markets subsidiary, according to Bloomberg.