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The Body Shop is shutting down its U.S. operations after filing for bankruptcy. The U.K.-based chain filed for Chapter 7 liquidation in New York last week, according to a court filing.
The Body Shop has ceased its U.S. operations and is closing dozens of locations in Canada amid deepening financial struggles for the British beauty and cosmetics chain. The Body Shop's U.S. arm ...
The Body Shop International Limited, trading as the Body Shop, is a British cosmetics, ... On 10 March, the Body Shop USA filed for Chapter 7 bankruptcy liquidation.
The chain filed for its second bankruptcy and liquidation on August 7, 2019, [13] closing the remaining 54 stores [14] with plans to auction its intellectual property. [15] ALDO filed for bankruptcy on May 7, 2020, citing repercussions related to the COVID-19 pandemic as to why. [16] The shoe chain emerged from bankruptcy two years later. [17]
It filed for bankruptcy in 1996 and shuttered stores, and another bankruptcy in 1999 put the company out of business. [55] Cygnet Shops – women's fashion store that closed in 1975; DEB – closed its stores in 2015, and returned later that year as an online-only retailer selling plus-size clothing
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Post-bankruptcy filing, CMED's liquidator found itself probing an alleged $355 million insider fraud. In March 2017, the U.S. Department of Justice criminally indicted the CMED founder and CEO, as well as the former Chief Financial Officer, charging them with securities fraud and wire fraud conspiracy for stealing more than $400 million from ...
Party City. In a move to cut its mounting debt, Party City filed for Chapter 11 bankruptcy protection in January. The retailer has accumulated $1.7 billion in debt after years of declining sales ...