[ad_1] A new BBC documentary claims a senior employee at Pollen was behind a scam that overcharged customers before the music and festival company went bust last year. The programme, called ‘Crashed: $800m Festival Fail’, found that a huge proportion of Pollen customers it contacted were still owed money by the now defunct British company. …
2022 in review – August
[ad_1] Following the Lionesses’ victory in the Women’s UEFA Euro 2022, demand for women’s football tickets rocketed. England Women secured the win over Germany at Wembley Stadium in front of a record crowd of 87,192. This trend would continue throughout the year. Troubles continued for events start-up Pollen, with employees still waiting for payment in …
2022 in review – June
[ad_1] Music, travel and experiences company Pollen’s downward slope to eventual collapse saw 150 members made redundant in the UK and the US. This was despite raising $150m (£123m/€141m) in a Series C funding round in April. June would also see the company fail to pay its workers. Before Queen Elizabeth II passed away in …
Pollen owed almost £80m at time of collapse
[ad_1] Travel and experiences start-up Pollen, which worked on events with the likes of Justin Bieber, Diplo and more, owed £78.6m ($90m/€91m) at the time of its collapse. According to filings on Companies House submitted by insolvency business Kroll, Pollen’s parent company Streetteam Software Limited owed £75m – £59.4m unsecured – to creditors when it …
Festicket Moratorium hints at post-pandemic struggles
[ad_1] Festival package company Festicket has filed a moratorium, which typically means that struggling businesses are given formal breathing room to try and come up with a rescue plan. According to Companies House, the Commencement of Moratorium was listed today (Wednesday) and is being processed. The UK Government says that a moratorium means no legal …
Pollen faces administration – report
[ad_1] Events start-up Pollen is set to fall into administration, with restructuring firm Kroll ready to be appointed as administrators. According to a report from The Telegraph, the ticketing tech start-up is close to falling into administration after sales talks collapsed. It would also have a a knock-on effect for the tax payer, as Pollen …
Troubles continue for events start-up Pollen
[ad_1] Workers at events start-up Pollen have revealed that there is still no update from the company’s chief executive over pay or a proposed deal with a new partner. Engineer writer Gergely Orosz has claimed multiple insights into the situation at Pollen, which has been deteriorating over the last few months. In May, Pollen laid …
Pollen turns to Goldman Sachs and Kroll in search for buyer – report
[ad_1] Events start-up Pollen is reportedly trying to find a buyer, and has turned to investment banking company Goldman Sachs and restructuring firm Kroll to aid its search. According to a report from Sky News, Pollen has turned to the companies to help salvage its future. However, one source said that Kroll’s involvement was solely …
Pollen misses June payroll – TheTicketingBusiness News
[ad_1] Events start-up Pollen missed a payroll in June, according news site Sifted. In April, the travel and entertainment technology company had announced that it had raised $150m (£118m/€140m) in Series C funding. However, in May Pollen laid off over 150 employees. Now, reports have surfaced over missed salary payments for both US and UK-based …
Pollen lays off over 150 employees
[ad_1] Music, travel and experiences company Pollen has reportedly made a number of redundancies, despite raising $150m (£119m/€140m) in a Series C funding round in April. According to Music Business Worldwide, Pollen has laid off over 150 members of staff in the UK and the US. The article cited posts on LinkedIn, including one from …