Rite Aid is closing more than 20 US stores, according to court documents filed this week in its federal bankruptcy case.
Tags: Bankruptcy
Electric Truck Maker Nikola Files for Chapter 11 Bankruptcy Amid Market Struggles
Nikola files for Chapter 11 bankruptcy after struggling with cash flow, leadership changes, and market challenges.
Joann to Close 500 Stores After Filing for Second c in a Year
Joann announces the closure of 500 stores after filing for bankruptcy for the second time in a year.
Indonesian Government Promises No Layoffs for 50,000 Employees at Bankrupt Sritex Textile Company
The Indonesian government ensures that 50,000 Sritex employees will not lose their jobs despite the company's bankruptcy.
134-Year-Old Home Goods Retailer Conn’s Files for Bankruptcy, to Close Over 70 US Stores
The company said it had assets and liabilities worth between $1 billion to $10 billion. Conn's HomePlus, a 134-year-old retailer of furniture and electronics, has recently filed for bankruptcy and announced plans to close more than 70 stores nationwide.
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Spirit Airlines CEO reassured that they are not considering Chapter 11 bankruptcy following the collapse of its acquisition by JetBlue Airways.
Red Lobster has filed for Chapter 11 bankruptcy protection, citing high operational costs and an unprofitable unlimited shrimp promotion. It plans to transfer control to its lenders with $100 million in financing from Fortress Investment Group.
Genesis Global, a bankrupt crypto lending firm, has been allowed by a court to return approximately $3 billion in cash and cryptocurrency to its customers.
Air Vanuatu has filed for bankruptcy protection after it canceled all its international flights, which left thousands of passengers stranded.
The plan, pending court approval, details that almost all customers will be reimbursed the funds they are owed, with some receiving amounts exceeding their original claims.
Red Lobster, which used to be a seafood giant, is on the brink of bankruptcy due to managerial missteps that started in 2003 with no recovery decades later.
Joann Fabrics, a stalwart in the industry for 80 years, faces bankruptcy due to overwhelming debt. However, with new financing, it aims for a swift restructuring to maintain operations.
Fisker's stock fell over 40% in after-hours trading on Wednesday, raising investor concerns about the EV company's future.
The future of two prominent venues of the Sundance Film Festival in Utah hangs in the balance as their owner, Metropolitan Theaters Corporation, filed for Chapter 11 bankruptcy.
