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[36] [37] Business rescue practitioners gave the airline's unions a 24 April deadline to agree to a plan to wind down the company, stating that liquidation would commence if no agreement was reached. [38] On 21 July 2020 Jet Time announced it had filed for bankruptcy, [39] after having discharged most of its employees in June due to COVID-19. [40]
The following retailers have all either closed or announced plans to close large numbers of retail locations, since 2010, during a time period labelled a "retail apocalypse" by media, accelerated by both the increase in online shopping and then by the economic impact of the COVID-19 pandemic.
Pages in category "Companies disestablished due to the COVID-19 pandemic" The following 26 pages are in this category, out of 26 total. This list may not reflect recent changes .
TGI Fridays said in a statement that fallout from the Covid-19 pandemic was the “primary driver of our financial challenges” and that it will use the process to “explore strategic ...
Few businesses have been hit harder by the COVID-19 pandemic than dry cleaners, and it might be a long time before the industry bounces back. See: How to Keep Supporting Your Local Small Businesses...
The COVID-19 pandemic exacerbated many issues affecting retailers, as many were forced to shut down due to non-pharmaceutical interventions that were issued in an effort to mitigate the pandemic. [35] At the same time, online shopping boomed during the coronavirus-related lockdown, even though it came back down starting in 2022. [36]
Pier 1 declared bankruptcy in 2020, right before the pandemic had fully taken hold, and the company hoped to find a buyer to breathe life into the struggling chain of home-goods stores.
The COVID-19 pandemic has had a significant impact on the airline industry due to travel restrictions and a decimation in demand among travelers. Significant reductions in passenger numbers have resulted in flights being cancelled or planes flying empty between airports, which in turn massively reduced revenues for airlines and forced many ...