Industry | Publishing |
---|---|
Founder | Adriaan Swets, Heinrich Zeitlinger |
Headquarters | |
Area served | Worldwide |
Number of employees | 591 [1] |
Website | web |
Royal Swets & Zeitlinger Holding NV (Koninklijke Swets & Zeitlinger Holding NV), operating under the trade name Swets, [1] was a group of information services companies operating worldwide as an intermediary between publishers and libraries. [2] Swets provided overall management and processing of subscriptions to scientific and professional printed and electronic publications for libraries. [3] The parent company of Royal Swets & Zeitlinger Holding was Swets & Zeitlinger Group BV, and its main trading subsidiary was Swets Information Services BV. [4] The Swets companies were progressively declared bankrupt between September and November 2014. [5]
Swets' 2013 annual report, released on 8 August 2014, included the following market update report: "2013 was a turbulent year for Swets. It has become clear that the intended transformation of Swets requires more capital and scale than is currently available. The ultimate shareholders of Swets Group in close the lenders have decided to put all shares of Royal Swets & Zeitlinger Holding N.V. up for sale and have initiated a competitive auction process with a planned sale in Q3 2014. The lenders support the plan and have decided to postpone the demand for repayment as long as the execution of the sales process develops according to the plan". [6] [7] The market update further stated that as Swets had "failed to meet its covenant requirements related to the long term financing. As a consequence of this breach the lenders are entitled to demand immediate repayment." The problems were attributed to the move from print to digital publishing, which has lower commissions, and facilitates direct publisher–customer relationships in place of intermediaries. [7]
Swets partner products and services were:
The Star Tribune is the largest newspaper in Minnesota. It originated as the Minneapolis Tribune in 1867 and the competing Minneapolis Daily Star in 1920. During the 1930s and 1940s Minneapolis's competing newspapers were consolidated, with the Tribune published in the morning and the Star in the evening. They merged in 1982, creating the Star and Tribune, and it was renamed to Star Tribune in 1987. After a tumultuous period in which the newspaper was sold and re-sold and filed for bankruptcy protection in 2009, it was purchased by local businessman Glen Taylor in 2014.
Air Georgian Limited was a privately owned charter airline based at Toronto Pearson International Airport in Mississauga, Ontario, Canada. Between 2000 and 2020 its main business was its operation as Air Canada Express on a Tier III codeshare with Air Canada for scheduled services on domestic and trans-border routes. Starting in 2020 Air Georgian began focusing on air charters, before ceasing operations in May, after a sale of its assets to Pivot Airlines, a company run by the same executives.
Tribune Media Company, also known as Tribune Company, was an American multimedia conglomerate headquartered in Chicago, Illinois.
RELX is a British multinational information and analytics company headquartered in London, United Kingdom. Its businesses provide scientific, technical and medical information and analytics; legal information and analytics; decision-making tools; and organise exhibitions. It operates in 40 countries and serves customers in over 180 nations. It was previously known as Reed Elsevier, and came into being in 1992 as a result of the merger of Reed International, a British trade book and magazine publisher, and Elsevier, a Netherlands-based scientific publisher.
Taylor & Francis Group is an international company originating in England that publishes books and academic journals. It is a division of Informa plc, a United Kingdom–based publisher and conference company.
The Hertz Corporation, a subsidiary of Hertz Global Holdings, Inc., is an American car rental company based in Estero, Florida, that operates approximately 12,000 corporate and franchisee locations, both domestically and internationally. As one of the largest worldwide vehicle rental companies by sales, locations, and fleet size, Hertz operates in 160 countries in North America, Europe, Latin America, Africa, Asia, Australia, the Caribbean, the Middle East and New Zealand. The Hertz Corporation also owns Firefly Car Rental, and the former Dollar Thrifty Automotive Group, which is now separated into the Thrifty Car Rental and Dollar Rent A Car brands.
Houghton Mifflin Harcourt is a publisher of textbooks, instructional technology materials, assessments, reference works, and fiction and non-fiction for both young readers and adults.
The Urenco Group is a British nuclear fuel company operating several uranium enrichment plants in Germany, the Netherlands, United States, and United Kingdom. It supplies nuclear power stations in about 15 countries, and states that it had a 29% share of the global market for enrichment services in 2011. Urenco uses centrifuge enrichment technology.
In finance, senior debt, frequently issued in the form of senior notes or referred to as senior loans, is debt that takes priority over other unsecured or otherwise more "junior" debt owed by the issuer. Senior debt has greater seniority in the issuer's capital structure than subordinated debt. In the event the issuer goes bankrupt, senior debt theoretically must be repaid before other creditors receive any payment.
Infrabel is a Belgian government-owned public limited company. It builds, owns, maintains and upgrades the Belgian railway network, makes its capacity available to railway companies, and handles train traffic control. It was created on 1 January 2005 from the split of the once unitary SNCB/NMBS. As of 31 December 2009, it had 12,875 employees. The CEO is Benoît Gilson, who succeeded the long-serving Luc Lallemand in that role in 2020.
The Royal Bank of Scotland International, trading under the NatWest International (retail), RBS International (institutional), Coutts Crown Dependencies and Isle of Man Bank brands, is the offshore banking arm of NatWest Group. It provides a range of services to personal, business, commercial, corporate and financial intermediary customers from its base in St. Helier, Jersey.
Free Record Shop was a chain of home entertainment stores selling products such as CDs, DVDs and video games, founded by Hans Breukhoven. Its first store opened on October 15, 1971 in Schiedam, Netherlands. At its peak, the franchise had more than 200 stores in the Netherlands and Belgium, but online available music and media supplanted the sale of physical media carriers.
MGM Holdings, Inc. is a Delaware-registered pure holding company and the parent company of the American media company Metro-Goldwyn-Mayer Studios Inc. Through this holding company, MGM's former creditors own the studio. Its headquarters are in Beverly Hills, California, United States.
Philadelphia Media Holdings LLC was an American holding company located in Philadelphia, Pennsylvania, United States. Founded by Brian Tierney in 2006, the company owned The Philadelphia Inquirer and Philadelphia Daily News. After The McClatchy Company bought Knight Ridder in 2006, it announced it would sell, among other newspapers, The Philadelphia Inquirer and Philadelphia Daily News. Interested in buying the papers, Brian Tierney assembled a group of Philadelphia businesspeople and investors to make a bid. In May 2006 Philadelphia Media Holdings bought the papers for US$515 million plus the assumption of the newspapers' liabilities. Declining circulation and ad revenue for The Inquirer and Daily News caused financial strain, which resulted in the filing for Chapter 11 bankruptcy protection. The company's creditors acquired the newspapers at auction and established a new holding company, Philadelphia Media Network, in 2010.
Playlogic Entertainment NV was a company active in mobile gambling and console publishing, established in 2002.
Newport Television, LLC was a television station holding company founded by Providence Equity Partners and Sandy DiPasquale in 2007 to acquire the television stations owned by Clear Channel Communications.
Victor Roberto Muller is a Dutch businessman, founder of Spyker Cars, CEO of Spyker N.V., and former Chairman and CEO of Saab Automobile AB.
Bankruptcy in Irish Law is a legal process, supervised by the High Court whereby the assets of a personal debtor are realised and distributed amongst his or her creditors in cases where the debtor is unable or unwilling to pay his debts.
Hilco Global is an American financial services holding company. It operates over twenty businesses and specializes in asset valuation, advisory, monetization, and disposition services and solutions. Headquartered in Northbrook, Illinois, it has offices throughout the world and provides services to companies, their lenders and professional services advisers across a broad spectrum of business categories including retail, commercial, industrial and financial. Hilco Global delivers services focused on maximizing the value of under-performing and excess retail, consumer products and industrial inventory, real estate, intellectual property, including consumer brands, patents, and accounts receivable. Hilco Global is also considered one of the largest distressed investment and advisory companies in the world.
VodafoneZiggo Group Holding B.V. is a joint venture between Liberty Global and Vodafone, announced in February 2016, approved by the European Commission in August 2016, completed in December 2016.