Search results
Results from the WOW.Com Content Network
The budget airline filed for Chapter 11 bankruptcy protection in November, facing over $1 billion in looming debt payments and accumulating more than $2.5 billion in losses since 2020.
Here are some of the most notable bankruptcies of 2024, listed alphabetically: Big Lots. ... For more CNN news and newsletters create an account at CNN.com. Show comments. Advertisement.
Chain Apocalypse. This year was a bloodbath for retail and dining businesses. In the first nine months of 2024, business bankruptcy filings skyrocketed 33.5%, jumping from 17,051 to 22,762.
UPDATE: May 21, 2024 Editor's note: On May 19, Red Lobster confirmed it has filed for Chapter 11 bankruptcy . Nearly 580 of its restaurants will remain open through the restructuring process.
Main page; Contents; Current events; Random article; About Wikipedia; Contact us; Pages for logged out editors learn more
Main page; Contents; Current events; Random article; About Wikipedia; Contact us; Pages for logged out editors learn more
At least 10 restaurant chains, not including multi-unit franchisees, have filed for bankruptcy in 2024. August alone brought three Chapter 11 filings from notable eateries.
The bankruptcy only impacts the 39 U.S. company-owned TGI Fridays locations, leaving the bulk of the brand—over 460 franchised locations in 41 countries—open and unaffected.