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In May 2022, it was announced that roughly 100 more Sears Hometown stores would close permanently, [30] This came shortly after the company announced plans to close 70 Hometown stores. [31] By September 2022 the number of remaining stores was less than 150. [32] On December 13, 2022, Sears Hometown filed for Chapter 11 bankruptcy. [26]
Chicago-based hardware retailer True Value, which filed for Chapter 11 bankruptcy last week, could lay off nearly 900 employees in Illinois alone if the company isn’t sold during bankruptcy ...
Revlon filed for Chapter 11 bankruptcy protection in mid-June 2022 following its attempt at preservation by obtaining a loan from Citigroup in 2018. Subsequently, the bank mistakenly wired $900M, rather than the intended $8M, for interest payments to Revlon's lenders; less than half of the wired sum had been recovered when Revlon filed for ...
Chain Store Age estimated in May 2022 that approximately 100 Hometown stores were in the process of closing. [59] In December 2022, Sears Hometown Stores, Inc., filed for Chapter 11 bankruptcy and plans to liquidate the inventory at all of its 115 stores. In the bankruptcy proceedings, Eddie Lampert is listed as a 37.75% owner of Sears Hometown.
A federal grand jury has indicted an Illinois police official on charges of bankruptcy fraud and perjury. Deputy Chief Lewis Lacey of the Dolton Police Department faces nine counts including ...
[8] [9] [10] In October 2022, Oberweis Dairy purchased milk from cooperatives instead of directly from family farm patrons. [4] In April 2024, Oberweis Dairy filed for Chapter 11 bankruptcy. [11] [12] In May 2024, the Hoffmann Family of Companies, a private equity firm based in Winnetka, Illinois, won
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