Miss Universe Faces Bankruptcy Amid Transgender Controversy

The owner of Miss Universe, Anne Jakrajutatip, has clarified that the company is not going through a business bankruptcy but rather a business rehabilitation, refuting rumors about its financial status. This comes after JKN Global Group, the current owner of the beauty pageant, declared bankruptcy in Thailand. JKN cited challenging market conditions and its failure to meet a loan payment deadline as reasons for the bankruptcy filing. Anne emphasized the positive changes in the pageant, including embracing diversity and breaking stereotypes.