You Searched For "Chapter 11" and got 20 results
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2 mins read
Revlon succumbs to bankruptcy amid crippling debt, rising inflation, and global supply chain woes
Revlon said in a SEC filing that it expects to receive $575 million in bankruptcy financing from cu…
Bethany Biron,Ellen Thomas
3 mins read
Rite Aid is closing even more stores in 2024. See if yours is on the list.
Rite Aid said it would close more stores in 2024, adding to hundreds it already said it would shutt…
Alex Bitter
1 min read
The bosses of the Regal Cinemas owner are set to depart with $35 million after Cineworld emerges from Chapter 11
Mooky Greidinger and his inner circle are expected to share the payout to smooth their departure fr…
Ryan Hogg
3 mins read
Rite Aid is banned from using facial recognition in its stores after the FTC said it falsely flagged thousands of shoppers as potential criminals
The software generated thousands of false matches, the FTC said, including an 11-year-old girl who …
Grace Dean
2 mins read
SmileDirectClub customers are fuming after the company shut down — and left them with unfinished treatments and unpaid bills
SmileDirectClub customers are confused after the company shut down and left them in the middle of t…
Jordan Hart
2 mins read
Enjoy Technology stock soars 400% to become latest bankrupt company to stage massive rally
Enjoy's inability to raise cash by selling more stock amid a painful bear market means it now must …
Matthew Fox
2 mins read
Scandinavian Airlines files for bankruptcy in the US after 1,000 of its pilots voted to strike over failed pay negotiations
On Monday, 1,000 SAS pilots walked off the job over pay and working conditions. The next day, the a…
Taylor Rains
3 mins read
Rite Aid is planning to close about 150 locations. See if your local store is on the list.
Rite Aid has filed for bankruptcy. The chain identified 154 stores it plans to close as part of its…
Alex Bitter
2 mins read
JCPenney could be bought by its lenders after talks with potential buyers stall due to 'egos' and 'negotiating postures,' lawyers say
Talks with three potential bidders for JCPenney have reached a "stalemate," and now it could be bou…
Madeline Stone
3 mins read
The rise and fall of pharma bigwig Rite Aid, which couldn't keep up with rivals Walgreen and CVS
The 61-year-old pharmacy chain listed $3.3 billion in debt as of June, not counting pending opioid …
Nidhi Pandurangi,Grace Dean
2 mins read
Rite Aid just filed for bankruptcy and could be closing more of its 2,100 stores
In March, the US Justice Department sued Rite Aid, accusing the company of missing "red flags" when…
Nidhi Pandurangi
2 mins read
Lord & Taylor is permanently closing 24 of its locations after filing for bankruptcy. See if your local store is on the list.
As part of the closing and liquidation process, products will be available "at significant price re…
Bethany Biron
1 min read
JCPenney is selling its original 118-year-old location in Kemmerer, Wyoming, marking the end of an era for the bankrupt department store
According to a disposition portfolio shared last week, JCPenney is selling off a total of 24 proper…
Bethany Biron
1 min read
Neiman Marcus is closing 4 department stores and 17 off-price Last Call locations for good. See if your local store is on the list.
"Prior to COVID-19, Neiman Marcus Group was making solid progress on our journey to long-term profi…
Bethany Biron
1 min read
The rise and fall of Ann Taylor, the company that dressed American career women for decades and ushered in the era of the 'power suit'
Founded in 1954, Ann Taylor became the go-to destination for professional women and set several sty…
Bethany Biron
3 mins read
Sur La Table just filed for bankruptcy and is closing more than 50 stores — here's the full list
Sur La Table, best known for its high-end kitchenware and cooking classes, filed for bankruptcy on …
Bethany Biron
1 min read
The rise and fall of Lucky Brand, the once-beloved mall brand and staple for trendy denim and bohemian chic fashion
Now, the brand is the latest to feel the strain of the coronavirus, and in turn, announced it will …
Bethany Biron
2 mins read
Lucky Brand just filed for bankruptcy and is immediately closing 13 stores — here's the full list
Lucky Brand filed for Chapter 11 bankruptcy protection on Friday, citing poor sales and performance…
Bethany Biron
1 min read
Neiman Marcus, J. Crew, and True Religion are among the first US retailers to file for bankruptcy as the pandemic takes its toll. Here's the full list so far.
Many brick and mortar retailers and restaurants that were experiencing troubles heading into the cr…
Mary Hanbury
4 mins read
JCPenney is reportedly eyeing bankruptcy and experts say other department stores and mall brands may soon follow as coronavirus decimates the retail industry
"JCPenney may be the first to go Chapter 11, but they won't be the last," Jonathan Treiber, CEO of …