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International News: Miss Universe owner files for bankruptcy days before pageant

Posted: Friday, November 10, 2023. 1:53 pm CST.

By Zoila Palma Gonzalez: The 72nd edition of the prestigious Miss Universe pageant is scheduled for November 18, 2023 in El Salvador.

JKN Global Group, the owner of Miss Universe, has filed for bankruptcy, CNN reports.

Last year, the media distribution company purchased the Miss Universe Organization for $20 million.

The company filed on Thursday for “business rehabilitation” and was accepted by Thailand’s bankruptcy court.

However, the company noted that providing a “top notch experience” to Miss Universe fans “will remain a top priority” ahead of next Saturday’s finale.

This year’s record-breaking event welcomed its first mom contestants in Guatemala’s Miss Universe Michelle Cohn and Colombia’s Maria Camila Avella Montanez.

The beauty ambassadors are exploring historic sites, enjoying the delectable food and immersing in Salvadoran culture.


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