#chapter-11-bankruptcy
#chapter-11-bankruptcy
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fromBusiness Insider
5 days agoThe maker of the Yankees' iconic stadium clock files for bankruptcy after smartwatch gamble backfires
E. Gluck Corporation, maker of Armitron watches, filed Chapter 11 after declining traditional-watch sales and a failed smartwatch expansion left the company insolvent.
fromFast Company
2 weeks agoValue City and American Signature Furniture are closing stores in bankruptcy: See list of locations
American Signature Inc (ASI), parent company of American Signature Furniture and Value City Furniture, said Sunday that it has secured $50 million in debt financing as it seeks a buyer in an auction process. Here's what to know. What is ASI and why is it bankrupt? Founded it 1948 and based in Columbus, Ohio, American Signature Inc is the parent company of two home furnishings retail chains: American Signature Furniture and Value City Furniture.
Business
fromBenzinga
3 weeks agoCollapse Or Comeback? Key Takeaways From WeWork's Bankruptcy Restructuring - Bed Bath & Beyond (NYSE:BBBY), Hertz Global Holdings (NASDAQ:HTZ)
WeWork Inc. (formerly trading as WEWKQ) was the poster child for taking advantage of the gap in the market with the offering of flexible office space to freelancers. They rose with rapid expansion during the 2010s. Now, after filing for Chapter 11 bankruptcy and restructuring its business model, traders and investors face an important question: can the company rise from the ashes into a market that has changed?
Business
fromThe Mercury News
1 month agoBay Area Catholic Diocese sells 2 churches as bishop says it's running out of money
The sales prices suggest something modest, even forgettable. But the real estate transactions are weighted with meaning. The Catholic Diocese of Santa Rosa recently gained approval to sell two small churches - one near Cloverdale, one in Hopland - as part of its Chapter 11 bankruptcy case, a judicial process now 2½ years old. They probably won't be the last properties liquidated by the diocese as it continues mediation talks with insurance companies and with survivors of alleged sexual abuse,
Real estate
Food & drink
fromTasting Table
2 months agoHow This Health-Focused Fast Food Chain Managed To Survive Bankruptcy - Tasting Table
Clover restructured operations, rebranded as Clover, streamlined locations and menus, and recovered from Chapter 11 by focusing on efficiency, accessibility, and supplier-employee stories.
Real estate
fromwww.mercurynews.com
3 months agoNew housing plans emerge for abandoned downtown San Jose Greyhound station
Standard Properties, a Z&L affiliate, filed Chapter 11 to restructure and pursue a smaller medium-rise apartment plan at the former Greyhound site while seeking to delay foreclosure.
Food & drink
fromTasting Table
3 months agoWhy This Once Popular Italian Restaurant Chain Ended Up In Bankruptcy (With Under 50 Locations) - Tasting Table
Buca di Beppo's long-term decline, compounded by pandemic losses, led to numerous closures and a 2024 Chapter 11 bankruptcy with only 44 locations remaining.
fromwww.mercurynews.com
3 months agoTrendy retailer closing Bay Area stores which ones are still open
Popular teen accessories and ear-piercing outlet Claire's, which announced earlier this month they are filing for Chapter 11, has begun shuttering stores in the Bay Area. This is the second time the chain has filed for bankruptcy since 2018 citing large debt load and fierce competition from online retailers. Crowds are flocking to two of the mall-based outlets that are touting mass liquidation sales of as much as 80 percent off.
Business
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