Austin, Texas is about to lose a very popular retailer and it is just the tip of the iceberg for Texas closures after the company filed for Chapter 11 Bankruptcy last week, and announced that at least 8 other Texas stores will be closing immediately. Read More: Massive Clothing Store Bankru...
The promotion, which offered endless shrimp for a fixed price, was intended to boost restaurant traffic. However, it seems that the promotion led to substantial operating losses for the company. READ: What are They Building by the Sierra Vista Dutch Bros.?
The company was left with a $1.9B debt load and turned to restructuring in an attempt to cut it down to $300M. To aid its restructuring, the mattress company also moved to resolve the litigation surrounding its pandemic-era funding. Party City Date: January 2023 Categories/Product(s): ...
personal computers. With the rise of stores like Best Buy, CompUSA struggled to make ends meet.It eventually filed for bankruptcyand sold its 103 stores. That is until the company made a brief comeback with a revamped sales approach, which also failed. It officially...
The company must pay excess tax amounts and pay debts to its shareholders. The current situation brought about by a global pandemic presents the need to close some businesses that can no longer sustain operations. Closing them is unfortunate but the need to do so properly remains. It is parti...
the company had managed to survive for so long because it owned all of the land and buildings its shops were built on and in. It also had worked hard to diversify its offerings, at one point evenpartnering with a pizza brandto give customers a one-stop-shop for their night in. Lik...
(whether solely or jointly with others) for all the debts and liabilities of such member or his estate to the Company and whether the same shall have been incurred before or after notice to the Company of any equitable or other interest of any person other than such member, and whether ...
Sole proprietors can unilaterally decide to close down. However, if the business is a partnership,limited liability company (LLC)or a corporation, then all of the stakeholders must decide and vote to dissolve the business entity according to the articles of organization. You should have a lawyer...
Century 21 is a regional department store with locations primarily in New York City and the surrounding areas. Is Century 21 going out of business? In September 2020, Century 21 announced that it filed for Chapter 11 bankruptcy and would be permanently closing. The company closed all 13 stores...
The Brasserie Eggs Benedict at Urban Eats, made with a biscuit recipe passed down from owner Levi Rollins’ grandmother. Photo by Ellie Sharp. The hardest part, of course, is having to let go of the staff. “Laying off my team is the hardest part of this entire thing,” Rollins ...