Cambridge Analytica was consumed by a public scandal
Cambridge Analytica, the London-based political consultancy at the heart of the Facebook data scandal, entered administration on May 1. Cambridge Analytica was consumed by a public scandal when it was revealed that data of up to 87 million Facebook users had been harvested by a quiz app and used by the company to target political advertisements. The company's CEO was caught on tape claiming credit for Donald Trump’s victory in the 2016 US presidential election. Crowe Clark Whitehill has been appointed administrator in the UK. Parallel bankruptcy proceedings will be commenced in the United States.
Bench Limited, the Manchester-based owner of the casualwear brand of the same name, announced that it would be filing for administration on May 1. The business cited difficulties relating to the UK retail market, the weakness of the pound sterling and a “major” logistics issue in 2016 as contributing to the firm’s demise. The administration has put 176 jobs in the UK at risk, although Bench’s 20 UK stores are expected to stay open in the immediate future and no redundancies have been made as yet