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Another one bites the dust! The discount shoe chain has filed for Chapter 11 protection on less than $1 billion in assets and $10 billion in liabilities.
Payless ShoeSource Worldwide, LLC [3] (formerly known as Payless ShoeSource Inc.), is an American multinational discount footwear chain. Established in 1956 by cousins Louis and Shaol Pozez, Payless was a privately held company owned by Blum Capital , and Golden Gate Capital .
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 ...
Johnny Depp is warning about ongoing social media scams targeting his fan base.. The actor, 61, wished his followers on Instagram a "Happy New Year" on Monday, Jan. 6, while also alerting fans ...
Of course, filing for bankruptcy doesn’t necessarily mean a business is going bust. Companies tend to use the Chapter 11 process to wind down some operations, tackle mounting debt and save on ...
The app was operated by Dubai-based Saurabh Chandrakar, a former juice seller, and his accomplice Ravi Uppal, both of whom hail from Chhattisgarh, according to the Enforcement Directorate (ED). The ED has alleged that the app operated by franchising "panel/branches" to known associates on a 70-30 profit ratio, using the platform to enroll new ...
Payless made big waves in early 2019 when it filed for bankruptcy and said it would pull the plug on all of its roughly 2,500 U.S. locations. It was Payless' second bankruptcy in two years — but ...
The use of deepfake pornography has sparked controversy because it involves the making and sharing of realistic videos featuring non-consenting individuals, typically female celebrities, and is sometimes used for revenge porn. Efforts are being made to combat these ethical concerns through legislation and technology-based solutions.