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Hostel
Selina Networks files for bankruptcy amid financial turmoil
Facing significant losses, Selina hostel chain informs US authorities all options exhausted, insolvency can no longer be avoided; ‘We have gone through tough times, from COVID-19 to the war in Israel,’ Selina founder Rafi Museri tells Ynet
Navit Zomer
|
07.23.24
Israeli hostel service 'Selina' facing significant financial troubles, potential bankruptcy
The hospitality company, known for its digital nomad hostels, has seen a 95% drop in stock value since its IPO, struggles with massive debts, and fails to meet financial obligations, raising concerns about its future viability and investor confidence
Navit Zomer
|
07.22.24
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