The Miss Universe Organization will continue its operations, its owner clarified, as the brand's company filed for bankruptcy to resolve a "liquidity problem."
"No matter what... I always put the Miss Universe Organization as my first priority in life. No matter how joyful or painful it's gonna be... Our universe must go on, must be great, and must stay on top as the legendary beauty olympics on the world!" Jakrajutatip wrote in the caption. "This is a necessary step in our growth to ensure that our debt is repaid and the company remains financially healthy," the statement read.
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