Mediterranean restaurant chains files for bankruptcy protection
Mediterranean restaurant chain Roti filed for Chapter 11 bankruptcy protection on Friday. Mediterranean restaurant chain Roti said the filing was intended to expedite its efforts to “restructure its finances and seek new investors or buyers on an accelerated timeframe while ensuring the continued operation of Roti restaurants in Chicago, Minneapolis and the Washington, D.C. metropolitan […]
Red Lobster bankruptcy forces CEO switch
Celebrity chef Andrew Gruelle speaks out about the rising costs of doing business in California as his beloved fast-food chain is forced to close 48 locations across the state. The group seeking court approval to buy Red Lobster has chosen former PF Chan CEO Damola Adamolekun to run the embattled seafood chain as it emerges […]
Holy creative bankruptcy! New ‘Batman’ to battle lady Penguin
Amazon Prime’s new Batman animated series has gender-swapped the villain The Penguin into a woman, with creators saying the change was inspired by drag queens and musical theatre. “Batman: The Caped Crusader” was a huge success.Batman: The Animated SeriesThe program aired from 1992 to 1995. Tim and executive producer James Tucker said: Emmy Awards They […]
Police ally of scandal-ridden Mayor Tiffany Henyard indicted on bankruptcy fraud charges
A police chief and ally of Dolton, Illinois’ controversial Mayor Tiffany Henyard was indicted Monday by a federal grand jury on bankruptcy fraud charges. Lewis A. Lacey, 61, a former deputy police chief in Dolton, Illinois, is accused of concealing assets and income to avoid paying creditors and settling lawsuits, the U.S. Attorney’s Office for […]
Legendary beauty products seller Avon files for bankruptcy
See what’s clicking on FoxBusiness.com Avon Products files application Chapter 11 Bankruptcy The cosmetics brand is seeking to address liabilities and legal responsibility arising from lawsuits that allege its talc-based products are contaminated with carcinogens. The holding company has not sold Avon products in the United States since selling its North American operations in 2016, […]
Avon files for bankruptcy in face of 200 lawsuits linking its talc products to cancer
Avon, the mighty direct selling company that once had an army of door-to-door salespeople peddling beauty products and was worth about $21 billion, is filing for bankruptcy to dig out from under a mountain of lawsuits that allege the talc powder in its products causes cancer. Avon Products, a US-based “non-operating” holding company, has filed […]
Blink Fitness Gym with over 100 Locations Files for Chapter 11 Bankruptcy
Blink Fitness, a chain of affordable gyms, recently filed for Chapter 11 bankruptcy, joining many other businesses across the country. Associated Press (AP) Reported on monday: Blink’s, an Equinox-owned chain with more than 100 locations, said Monday it was filing for bankruptcy protection to facilitate a sale of the business. The New York-based company added […]
LL Flooring Files for Bankruptcy, Closing Nearly 100 Stores
Hardwood flooring giant LL Flooring Holdings Inc., formerly Lumber Liquidators, has filed for Chapter 11 bankruptcy protection as it closes dozens of stores and attempts to sell its remaining locations. I am a home remodeling contractor. Peaked in Over 420 locations The U.S. and Canadian investor filed for Chapter 11 bankruptcy protection in Delaware on […]
Tiffany Henyard’s cop ally indicted on bankruptcy fraud charges
The head of an Illinois village police force and a close aide to “Dolton Dictator” Mayor Tiffany Henyard was indicted on federal charges Monday, but his lawyer argued the new criminal charges were merely filed in hopes of turning his client against the embattled mayor. Dolton Police Deputy Chief Lewis Lacey was indicted on nine […]
LL Flooring to close 94 stores as it files bankruptcy
See what’s clicking on FoxBusiness.com Retailer LL Flooring has filed for bankruptcy and plans to close more than 90 stores, according to a filing with the U.S. Securities and Exchange Commission. The company filed for Chapter 11 bankruptcy relief in U.S. Bankruptcy Court for the District of Delaware on Sunday. The company said in a […]