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On January 14, 2009, Gottschalks filed for Chapter 11 bankruptcy. [1] In March 2009, Gottschalks announced it lined up a group of bidders that would liquidate the chain if no other bidder was found by March 30. [9] On March 31, Gottschalks announced it would liquidate its remaining stores. [3] [10] The chain's final stores closed July 12, 2009.
During Lamonts third bankruptcy in 2000, Troutman's offered a bid on the company but was outbid by Gottschalks. The company proposed to change some stores to Troutman's Emporium and sell others to The Bon Marché, an upscale department store chain based in Seattle. Lamonts would eventually be acquired by Gottschalks out of bankruptcy court ...
The Harris Company was a retail corporation, based in San Bernardino, California, that operated a chain of department stores named Harris', all in Southern California.Philip, Arthur, and Herman Harris – nephews of founder Leopold Harris of what was once the large Los Angeles–based chain Harris & Frank – started the company with a small dry goods store in 1905, and the company eventually ...
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First there was Harrisburg, Pennsylvania. Then, Jefferson County, Alabama. Now, hold onto your hats folks -- we could be just days away from seeing the biggest municipal bankruptcy in U.S. history ...
AltaVista: A Web search engine established in 1995. It became one of the most-used early search engines, but lost ground to Google and was purchased by Yahoo! in 2003. Alteon WebSystems: Its shares soared 294% on its first day of trading. Amazon.com: The company's stock fell over 90% across two years, from a high of US$107 to a low of US$7. [2]
Finlay Enterprises Inc. was a holding company based in New York that conducted business through its wholly owned subsidiary "Finlay Fine Jewelry".It was founded in 1887. Finlay Enterprises Inc. filed for Chapter 11 bankruptcy in August, 200
In addition, the investment bank Lehman Brothers filed for Chapter 11 bankruptcy protection in September 2008, citing bank debt of $613 billion and $155 billion in bond debt. The solvency of other U.S. banks was severely threatened, forcing the George W. Bush government to intervene with the $700 billion bailout plan of the Troubled Asset ...