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Payless made big waves in early 2019 when it filed for bankruptcy and said it would pull the plug on all of its roughly 2,500 U.S. locations. It was Payless' second bankruptcy in two years — but ...
The following private equity firm or hedge fund owned companies have filed for bankruptcy protection: A&P (grocery chain) [1] Brookstone [2] Envision Healthcare [3] Friendly's [1] GenesisCare [3] Instant Brands (maker of Instant Pot and Pyrex) [4] Kmart [5] Party City [6] Payless Shoe Source [2] RadioShack [2] Red Lobster [4] RJR Nabisco [7 ...
Another one bites the dust! The discount shoe chain has filed for Chapter 11 protection on less than $1 billion in assets and $10 billion in liabilities.
In 2015, the company filed for bankruptcy due to declining sales, the rise of e-commerce and mounting competition from bigger retailers like Walmart and Best Buy. It was a relatively quick death ...
Picking out a movie has evolved from scouring the shelves at a video store to scrolling through the latest streaming options right from our couch. Take a Look: The 10 Industries That Have Been ...
Eighteen months after bankruptcy, Payless ShoeSource Inc has hired an adviser to help evaluate strategic alternatives, including a sale or restructuring. ... For premium support please call: 800 ...
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]
On June 29, 2024, the company filed for Chapter 11 bankruptcy protection after missing a week of paying its employees and failing to secure financing. [ 34 ] [ 35 ] On July 10, the U.S. Bankruptcy Court approved a conversion of the bankruptcy to Chapter 7, which would signal a liquidation of the company's assets, and the cessation of its ...