(CNN) — The owner of Miss Universe, JKN Global Group, has confirmed that next week’s pageant will go ahead, despite the Thai firm filing for bankruptcy.
The media distribution company, which bought the Miss Universe Organization for $20 million in 2022, announced on Thursday that it had submitted a petition for “business rehabilitation” that was accepted by Thailand’s bankruptcy court.
In a statement published on its website, JKN said providing a “top notch experience” to Miss Universe fans “will remain a top priority” ahead of next Saturday’s finale. The firm expressed confidence that its new financial arrangements will “support all of the company’s business operations, including Miss Universe.”
Run by Anne Jakkaphong Jakrajutatip, a transgender rights advocate and the star of Thai versions of reality shows such as “Project…
