The Brink

Gerresheimer’s Accounting Debacle Has German Investors on Edge

Private equity firms were curious a year ago. They’ve been replaced by auditors
Glass production machinery operates at the Gerresheimer factory in Buende, Germany.Photographer: Alex Kraus/Bloomberg
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Welcome to The Brink. We’re Libby Cherry and Isolde MacDonogh, reporting from Frankfurt, where we’ve been following the accounting debacle at Gerresheimer, a German packaging company. But first, our colleagues have the latest on Spirit Airlines, which is preparing to shutter its operations. Follow this link to subscribe. Send us feedback and tips at debtnews@bloomberg.net.

Spirit Airlines is winding down operations after the troubled US discount carrier buckled under the weight of surging fuel prices and a government bailout dangled by US President Donald Trump fell through, Allyson Versprille reports.