Filing Bankruptcy: Big Companies Shop for the Best DealBOSTON -- When large companies file for bankruptcy protection, they do what most savvy customers do: shop for the best deal.Estrin, RobinJournal Record, the
Inflation and high interest rates contributed to the Big Lots' bankruptcy, but a deal with Gordon Brothers Retail Partners will keep hundreds of stores open. CBS News contributor Javier E. David has more.
Thomas Lester//Retail Editor//August 29, 2024 Columbus, Ohio — A report byBloombergsays Top 50 retailerBig Lotsis considering a potential bankruptcy filing,which could come within weeks. The report, published on Aug. 28, cites people with knowledge of the plans and notes that the Columbus, ...
Its stock has plunged more than 90% in the past year and dropped more than 22% in extended trading on Friday. Last week, Bloomberg reported that Big Lots was mulling a potential bankruptcy filing and may seek court protection within the coming weeks. The c...
bankruptcy as problems grow It's a challenging market because many retailers have struggled with the debt that had to take on during the Covid pandemic. It's expensive to borrow money due to higher interest rates and that has made it hard for some companie...
Eventually, blockbuster had to try and reach up to their level, which they were not able to achieve, and ended up filing for bankruptcy in 2010, with Netflix being ten times their worth in 2014. Today, Netflix continues to innovate. It has emerged as a streaming platform that curates co...
Merle Haggard's ongoing dispute with Curb Records forced him into a long drought between records that he said contributed to his filing bankruptcy in 1992, along with tax problems. The country legend was able to settle his debts and then some when he sold the rights to 600 of his songs to...
The BRD's mission is to promote bankruptcy research by making bankruptcy data available to academic researchers throughout the world. The BRD contains data on all of the more than one-thousand large public companies that have filed bankruptcy cases since October 1, 1979. We consider a company ...
After FTX collapsed, which some have called crypto’s “Lehman moment,” it filed for Chapter 11 bankruptcy. The filing revealed that Sam Bankman-Fried, FTX’s founder and former CEO, never had his firms audited, which means that there is no record of what money the company had or where...
Yet. Despite strong rumblings of a bankruptcy filing. Instead, on July 21 it announced store closures and deep cuts to its corporate workforce. The owner of suit sellers Men’s Wearhouse, Jos. A. Bank, and K&G identified 500 stores for closures and said it’s cutting 20% of its ...