The Miss Universe Organization has filed for bankruptcy protection in Thailand. The organization, which is owned by transgender billionaire Anne Jakkaphong Jakrajutatip, cited financial difficulties as the reason for the filing.
The Miss Universe Organization is one of the world’s most prestigious beauty pageant organizations. The pageant has been held annually since 1952, and it is broadcast to over 1.5 billion people in over 190 countries.
In recent years, the Miss Universe Organization has faced a number of challenges. The organization has been criticized for its lack of diversity, and it has also been struggling to attract sponsors.
The filing for bankruptcy protection is a major setback for the Miss Universe Organization. However, the organization has expressed confidence that it will be able to overcome its financial challenges and continue to operate.
The Miss Universe Organization is not the first major beauty pageant organization to file for bankruptcy. In 2017, the Miss America Organization filed for bankruptcy protection. The organization was able to restructure its debt and emerge from bankruptcy in 2018.
It is unclear whether the Miss Universe Organization will be able to follow in the footsteps of the Miss America Organization. However, the organization has a strong brand and a loyal fan base, and it is possible that it will be able to overcome its current financial challenges.
Here are some additional details about the bankruptcy filing:
The Miss Universe Organization filed for bankruptcy protection on November 7, 2023.
The organization cited financial difficulties as the reason for the filing.
The organization is owned by transgender billionaire Anne Jakkaphong Jakrajutatip.
The organization has expressed confidence that it will be able to overcome its financial challenges and continue to operate.