Le Pain Quotidien, the U.S. division of the Belgian bakery chain, has filed for bankruptcy protection, as the fast-casual outlet said it can’t survive on...
To decrease its outstanding liabilities and bolster its total financial position, Tuesday Morning Corporation said in a statement that it has filed for Chapter 11 bankruptcy to...
Stephen Ross, chairman of Related Cos., said bankruptcy could be the future for many retailers as the effects of the pandemic continue to play out....
Following the closure of its retail locations due to the pandemic, Tuesday Morning Corp. is reportedly gearing up to file for bankruptcy. The Texas-based company was...
Hertz Global Holdings filed Chapter 11 bankruptcy late Friday (May 22) as the coronavirus pandemic continues to dry up travel and tourism and all but...
Amazon could be in talks to acquire the bankrupt clothing retailer JCPenney, Fox Business reported Monday (May 19), citing Women’s Wear Daily (WWD). Get the...
The on-again, off-again bankruptcy of JCPenney is back on. The company announced late Friday (May 15) that it will file for Chapter 11 and close...
Struggling retailer JCPenney, which is reported close to seeking Chapter 11 bankruptcy protection, disclosed that it’s paid roughly $17 million in interest on a senior secured term loan credit...
As it mulls a potential bankruptcy filing, JCPenney is in discussions with lenders to secure funding of $450 million. The debtor-in-possession (DIP) financing would make...