Hooters prepares to file for bankruptcy amid declining foot traffic
Hooters is famous for wearing waitresses in slingwings and beer-fitting t-shirts, but they can increase their stomachs. The casual dining chain is preparing to file for potential bankruptcy as it plans to work with creditors to restructure operations. Bloomberg News. The company is involved with law firm Rope & Gray to help with the process, […]
Scandal-ridden EV maker Nikola files for bankruptcy
Scandal-scarred electric semi-truck maker Nicola (a pandemic darling once valued at $30 billion) filed for bankruptcy on Wednesday. The company said it would become the latest electric vehicle manufacturer to stumble after tackling slimy demand, rapid cash burning and financing challenges, as it demands an asset auction and sales process. “Like other companies in the […]
Forever 21 plans to close 200 stores in second bankruptcy: report
The US-based operator of Forever 21 was preparing to close at least 200 locations as part of the bankruptcy process, which is expected to kick off soon next month. Bloomberg News reported Wednesday, cite people with knowledge of the matter. Potential bankruptcy is looking for buyers for the remaining retailers' stores. However, if eligible buyers […]
Nikola files for Chapter 11 bankruptcy protection
Please see what you are clicking on foxbusiness.com. Electric truck maker Nikola Corp. filed for Chapter 11 Bankruptcy Protection on Wednesday after the company failed to overcome its market and macroeconomic challenges. “Like other companies in the electric vehicle industry, we face a variety of markets and macroeconomic factors that have influenced our operating capabilities,” […]
Joann to close 500 stores after filing for second bankruptcy
Joan announced Wednesday that more than half of its stores across the country will be closing after the fabric and craft retailer filed for a second bankruptcy in less than a year. Retailers have closed around 500 of their 800 stores, and “sizing our store's footprints is an important part of our efforts to ensure […]
Quiksilver, Billabong and Volcom US stores to close after operator Liberated Brands files for bankruptcy
The unlocked brand filed for Chapter 11 bankruptcy protection over the weekend and aims to close US retailers that sold brands such as Quiksilver, Billabong and Volcom. The company said in a press release Monday it filed for bankruptcy in order to “enforce orderly monetization and disposal of the company.” As part of the bankruptcy […]
Judge blocks Sandy Hook families’ settlement in Alex Jones’ bankruptcy
A US bankruptcy judge on Wednesday attempts to break a family settlement that sued Alex Jones over his false allegations about the 2012 Sandy Hook Elementary School mass shooting, and split the assets of a bankrupt conspiracy theorist He said the attempt exceeded the authority of his court. The decision complicates the proposed sale of […]
Cyndi Lauper’s rapper son files for bankruptcy just days before sex assault lawsuit mediation
Cyndi Lauper's son showed his true color this week, according to a woman who is a woman complaining of a rapper with a problem with sexual assault. DECLYN “DEX” Lauper Thornton (27 years old) has applied for Chapter 7 on Thursday to protect the bankruptcy. This movement came a few days before the long -term […]
Exclusive | MSG Networks in talks to avoid bankruptcy –
MSG Network, a cable TV station that fought to broadcast the New York Knicks and Rangers games, is in consultation on Friday to avoid bankruptcy. And the insider presumed that there could be help from a deep pocket media player like Amazon. I learned the post. Sports Channel managed by James Doran, the owner of […]
Major crafts retailer Joann files for second bankruptcy in less than a year
Joann Inc. has filed for Chapter 11 bankruptcy protection for the second time in less than a year. This time, the company is also trying to sell itself to another company with the aim of “maximizing business value.'' Interim CEO Michael Prendergast said Tuesday that the Ohio-based craft retailer has been battling a difficult retail […]