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Here are 12 well-known companies that went bankrupt in 2024. ... retail closures have picked up this year because the sector’s sugar high of 2021 and 2022 — when consumers were buying new ...
According to NBC News, “The company went public in 2021 as the pandemic lingered and during an apparent boom in at-home, do-it-yourself consumer activity.” 7. Express
Pages in category "Companies that filed for Chapter 7 bankruptcy in 2024" The following 17 pages are in this category, out of 17 total. This list may not reflect recent changes .
The company filed for Chapter 11 bankruptcy on May 16, 2017, [259] and emerged from bankruptcy in September. [260] On May 2, 2024, rue21 collapsed back into bankruptcy, its second filing since 2017 and third overall, and announced that all 540 of its remaining stores would be shuttered within four to six weeks. [261]
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.
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.
In a press release on Monday, the 75-year-old company said plans to sell the business to hardware rival Do it Best Corp. To do that in the "most efficient manner," True Value began Chapter 11 ...
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 ...