Can a new CEO save Stellantis from bankruptcy?
Stellantis is looking for a new CEO. I have previously spoken about the company's recent anguish. Stellantis reports that its net profit fell 70%, down from 18.6 billion euros ($19.5 billion) in 2023 to 5.5 billion euros ($5.77 billion) in 2024. Imagine a new Barracuda as a Challenger alternative, using the “CUDA name” for the […]
Purdue Pharma asks bankruptcy judge to accept new settlement plan
Months after the Supreme Court blocked previous contracts, Purdue Pharma filed a new bankruptcy plan as part of a $7.4 billion settlement to resolve thousands of cases against the company's allegations during the opioid crisis. The bankruptcy company announced Tuesday that it had submitted a plan to reorganize Chapter 11 with the U.S. Bankruptcy Court […]
Forever 21’s U.S. operating company filed for bankruptcy on Sunday
A panel containing Jay Woods and Phil Blancato will join Claman Countdown to discuss how investors are responding to hotter inflation data and weaker retail sales than expected. Forever 21 US operating company applied Chapter 11 Bankruptcy On Sunday, I will mark the first time in six years. The F21 OPCO took the move after […]
Forever 21 poised to shutter all stores ahead of bankruptcy filing: report
Forever 21 is approaching closing its stores forever. The struggling mall flagship — selling $7 T-shirts, $12 dresses and $25 sneakers — has been on the verge of filing for bankruptcy after the flounder came. Bloomberg. Forever 21 discount clothing chain is poised to file for bankruptcy for the first time in six years. Bloomberg […]
Christie Brinkley-linked skincare brand files for bankruptcy
SBLA Beauty, a skincare brand linked to Christie Brinkley – sells so-called “scientific” anti-aging products – filed for Chapter 11 bankruptcy. The award-winning brand is perhaps best known for its non-invasive eyelift cane and neck, Chin & Jawline Sculpting Wand. Brinkley called out one of her best skincare secrets. Brand owner SBLA Inc. filed for […]
On the Border Mexican Grill & Cantina files for bankruptcy
At the border, Mexican Grill & Cantina filed for bankruptcy protection this week after struggling to compete in a macroeconomic environment. The Tex-Mex chain, owned by Argonne Capital Group, filed for Chapter 11 bankruptcy protection at the U.S. Bankruptcy Court in the Northern District of Georgia earlier this week after closing 40 locations. According to […]
Tex-Mex restaurant chain On The Border files for bankruptcy
(wjet/wfxp) – At the border, a casual Tex-Mex dining chain filed for Chapter 11 bankruptcy this week. The company is currently open 60 locations Throughout the US, these locations are expected to remain open and operational during the process. According to Court documentsborders report assets and liabilities of between $10 million and $50 million. a […]
Tex-Mex chain On the Border files for Chapter 11 bankruptcy protection
“Bar Rescue” host Jon Taffer has been heavily on a restaurant filing for bankruptcy, and his show is being renewed for the 10th season. At the border, Mexican Grill & Cantina filed for bankruptcy protection this week after struggling to compete in a macroeconomic environment. The Tex-Mex chain, owned by Argonne Capital Group, filed for […]
Silver Airways abruptly cancels all flights at Orlando International Airport after filing for bankruptcy
Regional airline Silver Airways suddenly cancelled all flights at Orlando International Airport over the weekend, with many expecting the company to board their destination after it recently filed for bankruptcy. Silver Airways filed for Chapter 11 bankruptcy in December, and both flight and return after the company sank the debt. Silver Airways suddenly cancelled all […]
Devin Booker worried about Hooters’ demise as bankruptcy looms
Devin Booker wants to save the Hooters. Phoenix Suns Guard is pleading with the Hooters to not go in the wake of news that the iconic restaurant chain may be heading for bankruptcy. Comments came just a day after Bloomberg reported that Hooters of America was negotiating with creditors to restructure its $300 million debt […]