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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] Prospect Medical Holdings [7] RadioShack [2] Red ...
Here’s the story of another struggling retailer. Express, which includes its namesake banner, Bonobos and UpWest, filed for Chapter 11 bankruptcy and announced plans to close dozens of shops.
Meta also purchased the defunct company ConnectU in a court settlement and acquired intellectual property formerly held by rival Friendster. The majority of the companies acquired by Meta are based in the United States, and in turn, a large percentage of these companies are based in or around the San Francisco Bay Area.
Plans for a Facebook-owned real estate development known as "Willow Village" have been criticized for resembling a "company town", which often curtails the rights of residents, and encourages or forces employees to remain within an environment created and monitored by their employer outside of work hours. [191]
The company’s annual revenue declined more than 8% from fiscal year 2023 to 2024, according to SEC filings, sliding from $1.66 billion to $1.52 billion. (The company’s fiscal year ends in ...
Audacy, the struggling multi-platform audio content company, is filing for Chapter 11 bankruptcy, the company announced Sunday. ... January 7, 2024 at 5:24 PM.
In September 2024, the Federal Trade Commission released a report summarizing 9 company responses (including from Facebook) to orders made by the agency pursuant to Section 6(b) of the Federal Trade Commission Act of 1914 to provide information about user and non-user data collection (including of children and teenagers) and data use by the ...
Gap. Gap and its other brands (Banana Republic, Old Navy and Athleta) have seen significant losses in recent years. In Q4 of 2022, the company's net loss was $273 million, up tremendously from a ...