Search results for "bankruptcy"

March 27, 2024
Buybuy Baby Uses Expert Curation to Compete With Amazon

As specialty retailers are challenged to find ways to hold their own against retail giants such as Amazon, Buybuy Baby is leaning on its specialty selection to keep customers coming back to its...


March 27, 2024
FTX Creditors: Bankruptcy Estate Could Have Revived ‘Thriving’ Business

Earlier this year, bankrupt cryptocurrency firm FTX called off plans to resurrect its exchange. And that was a missed opportunity, some of the company’s creditors told The Wall Street Journal in a report published...


March 25, 2024
Consumer Credit Lender CURO Files for Bankruptcy Protection

CURO Group Holdings has filed for bankruptcy protection to implement the terms of a Restructuring Support Agreement (RSA) supported by about 74% of its lenders. The restructuring plan is expected to...


March 25, 2024
Will Walmart’s ‘Walmarche’ Strategy Lure High-Income Shoppers?

Last Saturday (March 23), legendary fashion designer Diane Von Furstenberg made her exclusive collection of 200 clothing, baby and household items available for shoppers to buy at Target. DVF, who...


March 24, 2024
FTX’s Stake in Anthropic Draws Sovereign Wealth Fund Investors

Investors are reportedly lining up to purchase FTX’s stake in artificial intelligence (AI) company Anthropic. But as CNBC reported Friday (March 22), sources say that while the company has received interest from sovereign wealth...


March 24, 2024
Retailers Struggle Amid More Cautious Consumer Spending

U.K. and U.S. retailers are reportedly finding that deep discounts aren’t enough to woo consumers. “Even the strongest and highest profile brands up and down the country are struggling,” said Julie Palmer, a...


March 21, 2024
FTX CEO Slams Bankman-Fried’s ‘Nonexistent’ Remorse

FTX’s CEO says Sam Bankman-Fried’s deception didn’t stop with his fraud conviction.  In a victim impact statement filed Wednesday (March 20) ahead of Bankman-Fried’s sentencing next week, FTX chief executive...


March 20, 2024
Sam Bankman-Fried’s Defense Team Says Prosecutors’ Proposed Sentence Is ‘Medieval’

Sam Bankman-Fried’s defense team said Tuesday (March 19) that the prosecution’s proposed 40- to 50-year prison sentence is based on a “distorted” narrative and a “medieval” view of punishment. The...


March 19, 2024
Regulating Data Protection in Cloud Computing

The ever-growing adoption of cloud-based solutions by businesses brings with it a number of compliance challenges, not the least of which are those related to data protection law. Ranging from...