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The company blamed COVID-19 for crushing its primarily dine-in business, but said most of its restaurants would remain open. ... Many mall-based retailers went bankrupt in 2020, so it makes sense ...
Another home goods store that went bust in 2023 was Tuesday Morning, which filed for Chapter 11 bankruptcy in February because of its “exceedingly burdensome debt.” It was its second ...
As pandemic restrictions loosen, bankrupt companies get a new lease on life.As the pandemic swept across the globe in 2020, a new sort of crisis began to emerge: bankruptcies.
The BBC investigation established that Iraq's and Lebanon's first COVID-19 cases originated on Mahan Air flights. Planes that went to Tehran from China also made onward travel within 24 hours to Barcelona, Dubai, Kuala Lumpur and Istanbul. From 6 February to 31 March, a total of 37 Mahan Air flights went to Dubai, 19 flights went to Turkey, 12 ...
Sports Authority filed for Chapter 11 bankruptcy on March 2, 2016. The company's stores were sold to a group of liquidators, and its CEO announced that all stores would close by the end of August 2016. [287] [288] Stein Mart filed for Chapter 11 bankruptcy in August 2020 with intent to close all of its locations due to the COVID-19 pandemic. [289]
Here are 12 well-known companies that went bankrupt in 2024. ... At least 19 companies have cut a combined 14,000 jobs because of bankruptcies, according to Challenger, Gray & Christmas, an ...
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 ...
This high-end beauty brand's U.S. division filed for Chapter 11 bankruptcy protection at the end of January, citing crushing rent obligations in light of COVID-19's drag on sales. The chain had ...