On the heels of an array of fashion and retail bankruptcy filings that began to unfold over the course of the year in 2016, New York-based designer Bibhu Mohapatra and retailers The Limited, Wet Seal, and Payless all made headlines when they filed for Chapter 11 protection in early 2017. ...
Summary: While Loves Furniture claimed that Covid-19-related supply chain disruptions were behind its financial challenges, its bankruptcy filings revealed that warehousing and inventory problems, which led to lost furniture, unhappy customers, and canceled orders, were also to blame. The furniture cha...
The retailer’s total debt, according to its bankruptcy filings, sits at $253.9 million. Meanwhile, sales have been declining — in fiscal 2016, they fell by 13.5% to $468.9 million compared to the prior-year period. Losses, too, have been widening, from 75 cents a share in 2015 to $...
"They will slow if for no other reason than a lot of the most troubled retailers have already filed bankruptcy like Toys R Us, Bon-Ton, and of course Sears." As we did last year, we are keeping a close watch on retail bankruptcies. Below is a list of the major filings of this ...
Aegerion Pharmaceuticals Aegerion operated as subsidiary of Novelion Therapeutics until declaring bankruptcy and being acquired by Amryt Pharma, May 2019; Merged with QLT, Nov 2016 Aegis Therapeutics Acquired by Neurelis, Dec 2018 AegisCN No website, May 2020 - Nov 2023 Aeglea BioTherapeutics Renamed...
Tulsa-based SemGroup on top 10 list for costly bankruptcyThe reorganization of Tulsa-based SemGroup LP was the nation's seventh-costliest bankruptcy filing last year, which saw 136 public- company filings, according to a new report from Business Restructuring Review.Marie Price...
(look at Michael Jackson who had substantial assets, from the Neverland Ranch to an expensive ownership in the Beatles’ songs). Usually bankruptcy filings of famous people, including musicians are accompanied by substantial, and usually well known, financial troubles due to lawsuits, debts, or ...
The home goods chain filed for bankruptcy on March 8, listing liabilities in a range of $100 million to $500 million. It planned to close most of its roughly 190 stores, but going-out-of-business sales were stalled because of the pandemic. Those sales have since been able to restart...
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