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A number of major airlines have declared bankruptcy and have either ceased operations, or reorganized under bankruptcy protection. Airlines, like any business, are susceptible to market fluctuations and economic difficulties. The economic structure of the airline industry may contribute to airline bankruptcies as well.
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.
Boxer Ramen / YelpThe list of chain restaurant bankruptcies in 2024 is only getting longer. Less than a week after the New York-based chicken chain Sticky's Finger Joint declared bankruptcy, a ...
Another retail chain with locations in Ohio has declared bankruptcy, joining others like Big Lots and Bed, Bath & Beyond.. This week, hardware store chain True Value announced it filed for Chapter ...
The brand had 150 stores at its peak, predominantly on the West Coast. Anchor Blue declared bankruptcy in 2009 and shuttered more than 50 stores, and gradually shrank to include stores solely in California. It went bankrupt once more in 2011, with the remaining stores closed before Easter of that year. [48]
The collapse and bankruptcy of fintech middleman Synapse in May has left more than 100,000 Americans locked out of a collective $90 million of their own money, prompting a class action lawsuit.
In March 2021, Interjet has officially requested to file for bankruptcy by the end in order to receive investment funds and resources. [49] On 18 November 2020, Norwegian Air Shuttle announced that it would file for examinership in Ireland. [50] On 3 September 2021, Philippine Airlines filed for Chapter 11 bankruptcy protection in a U.S. court ...
The third major stationery chain to declare bankruptcy within a year, Paper Source filed for Chapter 11 in March 2021 and closed at least 11 of its nearly 160 stores. The company had grown rapidly ...