The Miss Universe pageant, acquired by Anne Jakrajutatip’s JKN Global Group in 2022 for $20 million, has filed for bankruptcy amidst heated debates over the participation of transgender contestants. The controversial decision to include transgender individuals sparked outrage, leading to financial difficulties for the pageant’s owner.
This unexpected bankruptcy announcement comes just a year after JKN Global Group took over the iconic beauty competition. Anne Jakrajutatip, a prominent Thai media figure and transgender activist, faced criticism and social backlash, raising questions about the financial sustainability of the organization.
Miss Universe’s bankruptcy has fueled debates on inclusivity in such events, emphasizing the societal complexities and challenges faced by organizations navigating cultural shifts and social acceptance.
Emily Austin, a judge at the 2022 Miss Universe pageant, labeled the situation as “morally wrong” and highlighted that the bankruptcy might stem from the public’s outcry over the inclusion of transgender contestants.
This development underscores the significant impact of societal opinions on businesses, especially in sensitive and controversial areas such as gender inclusivity in global events.
