Business
Value City and American Signature Furniture are closing stores in bankruptcy: See list of locations
Another home furnishings retail chain has sought Chapter 11 bankruptcy protection as it deals with higher costs, reduced sales, a downturn…
Tag
bankruptcy
Business
Fraud Scandal Sends Lugano Diamonds to Bankruptcy Court
Updated 5:26 p.m. ET Nov. 17 Lugano Diamonds & Jewelry Inc. — which for 21 years used megawatt diamonds and no small amount of retail…
Business
Envy’s ex-directors seek bankruptcy after being found liable for breach of duties in nickel trading fraud
Judicial Commissioner Mohamed Faizal finds that Lee Si Ye and Ju Xiao had breached their duties as directors of Envy group of companies A…
Business
Spirit Airlines is canceling all routes to 12 major cities after bankruptcy. See the full list here
Spirit Airlines said it is ending service to a dozen U.S. cities, a week after filing for bankruptcy for a second time in less than a…
Business
Spirit Airlines bankruptcy tees up painful cuts in survival bid
Spirit Aviation Holdings’ second bankruptcy filing in a year signals that the low-cost carrier is finally facing up to the painful steps…
Business
Professional Bull Riders Accuses Dr. Phil of ‘Orchestrating’ Merit Street Bankruptcy and Forming New Company to Avoid Paying Creditors
Professional Bull Riders wants to know whether Dr. Phil led his Merit Street Media to file for bankruptcy in a “bad faith” move — while…
Business
Claire’s skips rent payments, moving closer to bankruptcy filing
The retailer has struggled since a 2018 bankruptcy handed control to creditors including Elliott Management and Monarch Alternative…
Business
The Moral and Factual Bankruptcy of Generation Z
Contrary to progressive delusions, young people are not especially enlightened. Quite the opposite. Source link
Business
Claire’s Could Sell Itself Via Bankruptcy Amid Tariff, Debt Struggles
A high debt load and added costs from higher tariffs is pushing the U.S. operations of tween retailer Claire’s to the brink. The…
Business
Del Monte Pacific expects capital deficit from write-offs of US unit’s bankruptcy
Its equity investment in Del Monte Foods and receivables due from the unit are expected to be subject to impairment Del Monte Pacific…
Business
Del Monte Foods files for bankruptcy; SGX-listed parent has over US$700 million exposure to US unit
Del Monte Pacific (DMP) is expected to take a body blow from the failure of its US unit, as the latter accounts for a big chunk of its…
Business
Struggling semiconductor firm Wolfspeed files for bankruptcy
Wolfspeed, a chipmaker caught in US President Donald Trump’s push to reshape Biden-era tech subsidies, filed bankruptcy to enact a…
Business
CareerBuilder + Monster job search board files for Chapter 11 bankruptcy after revenue sinks nearly 40% post-pandemic
CareerBuilder + Monster, an online job hunting joint venture, announced on Tuesday it filed for bankruptcy in Delaware. The company…
Business
Chipmaker Wolfspeed nears bankruptcy deal with lenders including Apollo
Struggling chipmaker Wolfspeed will be taken over by creditors including Apollo Global Management under a proposal that would put it into…
Business
Rite Aid store closures update: See the full list of 151 pharmacy locations that will shutter in ongoing bankruptcy
The list of Rite Aid drugstores marked for closure continues to grow at a furious pace after the ill-fated pharmacy chain filed for…
Business
Microsoft-backed Builder.ai set for bankruptcy after cash seized
Builder.ai, the British artificial intelligence startup backed by Microsoft and the Qatar Investment Authority, is filing for bankruptcy…
Business
Weightwatchers files for bankruptcy as Ozempic and Mounjaro surge in popularity
WeightWatchers has filed for bankruptcy in the US as it struggles with debt and fierce competition from fat-loss jabs like Ozempic and…
Business
WW International stock tumbles as WeightWatchers files for Chapter 11 bankruptcy protection
WeightWatchers said Tuesday it is filing for Chapter 11 bankruptcy protection to eliminate $1.15 billion in debt and focus on its…
Business
WeightWatchers Files for Bankruptcy to Reduce $1 Billion in Debt
WeightWatchers, a 62-year-old health and wellness company that has faced stiff competition from new weight-loss drugs and programs, filed…
Business
The first chapter of AI-driven bankruptcy
The Fast Company Impact Council is an invitation-only membership community of leaders, experts, executives, and entrepreneurs who share…
Business
Congressmen sound alarm over data privacy following 23andMe bankruptcy
Three congressmen from the House Committee on Energy and Commerce are raising concerns over data privacy weeks after the genetic testing…
Business
Technicolor Bankruptcy: Framestore Adds MPC Supervisors; Mikros India Talent Joins Cinesite’s Assemblage
Industry animation and VFX studios are continue to announce hires from units of the former Technicolor, which collapsed in February amid…
Business
Hooters files for bankruptcy as brand eyes turnaround plan
It listed assets of US$50 million to US$100 million and liabilities in the same range in its petition Hooters of America has filed for…
Business
23andMe’s bankruptcy puts 15 million users’ DNA info on auction block
Millions of Americans who sent their saliva to 23andMe in the hopes of finding lost relatives or identifying health risks buried in their…