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When Big Lots announced it was filing for Chapter 11 bankruptcy protection in September, it planned on closing more than 340 stores, USA TODAY reports. Another 50 closures were announced in October.
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 decision comes after Joann filed for Chapter 11 bankruptcy twice within a year due to financial and inventory issues. The Hudson, Ohio-based retailer, ... federal court records show.
Red Lobster considers filing for Chapter 11 bankruptcy As reported earlier, Red Lobster was considering filing for Chapter 11 bankruptcy after a failed promotion cost it millions of dollars ...
Revco Discount Drug Stores (known simply as Revco or Revco, D.S.), once based in Twinsburg, Ohio, was a major drug store chain operating through the Ohio Valley, the Mid-Atlantic states, and the Southeastern United States. The chain's stock was traded on the New York Stock Exchange under the ticker symbol RXR.
The company filed for bankruptcy on May 11, 2017, and was eventually liquidated. Topvalco, Inc., a subsidiary of supermarket competitor Kroger purchased 11 out of the 44 remaining stores while Ohio-based Fresh Encounter purchased another 15 stores. The unsold 18 stores were closed on or before July 8, 2017.
In June 2011, many restaurants were closed with no notice given to customers or staff. The closures were in Colorado, Kansas, Illinois, Tennessee, Florida, Michigan, and Minnesota. [8] [9] Later that month, Perkins & Marie Callender's Inc. filed for Chapter 11 bankruptcy. PMCI closed 65 restaurants and laid off 2,500 workers.
Nov 3 (Reuters) - Vitamin Shoppe-owner Franchise Group, backed by investment bank B. Riley Financial, said on Sunday it has commenced voluntary Chapter 11 proceedings in the U.S. Bankruptcy Court ...
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