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Tween chain Claire’s is getting a rare third chance at retail life. The twice-bankrupt retailer on Wednesday said its intellectual property and certain operations, as well as other related…
Professional Bull Riders wants to know whether Dr. Phil led his Merit Street Media to file for bankruptcy in a “bad faith” move — while shifting assets into a newly created company, Envoy…
Claire’s is headed back to bankruptcy court. On Wednesday, Claire’s Holdings LLC and certain of its U.S. and Gibraltar-based subsidiaries (collectively Claire’s U.S.), the operator of…
The retailer has struggled since a 2018 bankruptcy handed control to creditors including Elliott Management and Monarch Alternative Capital Claire’s Stores is inching closer to…
Contrary to progressive delusions, young people are not especially enlightened. Quite the opposite. Source link
A high debt load and added costs from higher tariffs is pushing the U.S. operations of tween retailer Claire’s to the brink. The accessories firm — which sells an assortment of jewelry,…
Its equity investment in Del Monte Foods and receivables due from the unit are expected to be subject to impairment Del Monte Pacific expects to record a capital deficit on its balance…
Del Monte Pacific (DMP) is expected to take a body blow from the failure of its US unit, as the latter accounts for a big chunk of its operations. In a statement issued on Wednesday (Jul…
Wolfspeed, a chipmaker caught in US President Donald Trump’s push to reshape Biden-era tech subsidies, filed bankruptcy to enact a creditor-backed plan to slash US$4.6 billion in debt. The…
CareerBuilder + Monster, an online job hunting joint venture, announced on Tuesday it filed for bankruptcy in Delaware. The company initiated the Chapter 11 process to facilitate a sale of…
Struggling chipmaker Wolfspeed will be taken over by creditors including Apollo Global Management under a proposal that would put it into bankruptcy just long enough to slash billions of…
If you’re an ice cream fan, there’s some bad news: One of America’s most beloved ice cream brands may soon see hundreds of its in-store retail locations vanish just as summer is beginning.…
The list of Rite Aid drugstores marked for closure continues to grow at a furious pace after the ill-fated pharmacy chain filed for bankruptcy a second time. In a court filing last week,…
Builder.ai, the British artificial intelligence startup backed by Microsoft and the Qatar Investment Authority, is filing for bankruptcy after the chief executive officer said a major…
After filing for Chapter 11 bankruptcy protection for a second time this week, Rite Aid is already planning to wind down operations at underperforming locations in at least nine states,…
WeightWatchers said Tuesday it is filing for Chapter 11 bankruptcy protection to eliminate $1.15 billion in debt and focus on its transition into a telehealth services provider. Parent WW…
WeightWatchers, a 62-year-old health and wellness company that has faced stiff competition from new weight-loss drugs and programs, filed for bankruptcy on Tuesday in an effort to reduce…
The Fast Company Impact Council is an invitation-only membership community of leaders, experts, executives, and entrepreneurs who share their insights with our audience. Members pay annual…
Three congressmen from the House Committee on Energy and Commerce are raising concerns over data privacy weeks after the genetic testing company 23andMe filed for bankruptcy, putting…
A major Burger King franchisee with dozens of locations has filed for Chapter 11 bankruptcy. Consolidated Burger Holdings, based in Destin, Florida, filed the court documents this week in…
Industry animation and VFX studios are continue to announce hires from units of the former Technicolor, which collapsed in February amid financial difficulties. Paris-headquartered…
South San Francisco-based genetic testing venture 23andMe saw its shares plunge more than 50% Monday after the company announced it had filed for Chapter 11 bankruptcy protection. The…
Nikola Corporation (Nasdaq: NKLA), a once-promising electric vehicle startup, filed for Chapter 11 bankruptcy protection Wednesday after failing to secure a buyer or raise additional funds…
It’s the end of an era for surf-and-skate-inspired clothing enthusiasts, as some once-beloved stores close their doors. Liberated Brands, which owns Billabong, Quicksilver, Volcom, Roxy,…
