US EditionMiss Universe pageant owner files for bankruptcy in Thailand
- The Thai media company, JKN Global Group, which owns the Miss Universe pageant, has filed for bankruptcy due to a "liquidity problem" after missing a deadline to repay bonds worth $12 million.
- JKN Global Group, owned by transgender rights campaigner Anne Jakapong Jakrajutatip, bought the Miss Universe pageant from former US president Donald Trump in 2022 for $20 million. Under JKN's ownership, the pageant has become more inclusive, allowing mothers, married women, and trans women to participate for the first time.
- The company has submitted a business rehabilitation plan to the Thai Bankruptcy Court, requesting an extension of debt repayment and a waiver of interest charges. The plan aims to generate income from operations and seek financial support from new investors or a financial institution.
30 Articles
30 Articles
Miss Universe Pageant Organizers File for Bankruptcy After Embracing Transgender Contestants
It turns out that viewers do not want to see men competing in a women’s pageant. Who could have guessed? According to Fox Business, the JKN Global Group filed for bankruptcy last week in Thailand. JKN owns the Miss Universe pageant, which this year will feature two transgender contestants: “Miss” Portugal and “Miss” Netherlands. “Miss” Spain — the first transgender contestant in pageant history — competed in 2018. He did not advance to the final…
Company Behind Miss Universe Files For Bankruptcy After Inclusion Of Trans Contestants
The 2023 Miss Universe pageant, which recently announced that they will be including transgender competitors, is still scheduled for this Saturday, but only a few days prior to it, the JKN Global Group filed for bankruptcy.
Miss Universe Owner Files for Bankruptcy Days Before Transgender Contestants Are Set to Participate in Pageant
JKN Global Group, the Thai owner of the Miss Universe pageant, has filed for bankruptcy one year after buying it for $20 million and just days ahead of the 72nd Miss Universe pageant where transgender contestants are set to take to the stage. The media company revealed the filing with a Thai bankruptcy court in a statement to the Thai Stock Exchange on Nov. 9, citing an ongoing “liquidity problem.” The company’s petition for “business rehabilita…
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