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Company officials said earlier this year that Rite Aid planned to use money saved from closing about 145 stores and from increased prescription volume to boost its cash flow and pay off debt.
The company had a grace period for interest payments due in October 2023. At the time, Audacy said it was going to use the extension to strategize a plan with lenders for its business operations.
The 2023 United States banking crisis was a series of bank failures and bankruptcies that took place in early 2023, with the United States federal government ultimately intervening in several ways. Over the course of five days in March 2023, three small-to-mid size U.S. banks failed, triggering a sharp decline in global bank stock prices and ...
Shifts in consumer buying habits, the rise of Amazon and a company's inability to modernize and adapt to today's shoppers are among the reasons why some venerable U.S. retail chains have all but ...
Later, on November 29, 2023, Unity announced an additional 265 layoffs, constituting 3.8% of its workforce, as part of a "company reset," according to Reuters. Most of the affected workers (256) were from the Wētā Digital division, which Unity had acquired for $1.6 billion in 2021, along with several Wētā FX tools and 275 employees.
Pages in category "Companies that filed for Chapter 11 bankruptcy in 2023" The following 177 pages are in this category, out of 177 total. This list may not reflect recent changes .
But it's struggling. Their first-quarter report from 2023 showed that Joann had borrowed $100 million in a first-in, last-out facility, and proceeds will help to repay some of its $500 million ...
Private equity firms and commercial banks took corporations off the market, laid off or outsourced workers, then sold the businesses back to investors. In the 1980s alone, a quarter of the companies in the Fortune 500 were restructured. Companies were no longer single entities with responsibilities to their workers, retirees or communities.