Rite Aid prioritizes customers and employees during bankruptcy.
In 2023, roughly one independent pharmacy closed every day, and similar closures are anticipated this year, as noted by the National Association of Community Pharmacists. Rite Aid has filed for Chapter 11 bankruptcy for the second time in just two years. The pharmacy chain announced its bankruptcy filing on Monday, stating in a release that […]
Bertucci’s restaurant chain now has 15 locations following its recent bankruptcy.
The Italian restaurant chain Bertucci has filed for Chapter 11 bankruptcy for the third time since 2018. Based in Massachusetts and recognized for its brick oven pizza and pasta, the chain has shut down five locations in Massachusetts, along with one each in Rhode Island and Maryland, due to underperformance. Bertucci’s was established in 1981 […]
Bertucci’s files for Chapter 11 bankruptcy protection, closes restaurants
Hooters CEO Sal Merilli joins Fox & Friends and discusses plans to bring the brand back to its roots as a “neighborhood restaurant.” Italian restaurant chain Bertucci is closing more locations after filing for bankruptcy again to reduce losses. The Massachusetts-based business, which is located along the East Coast, is best known for its brick […]
James Dolan’s MSG Networks reaches deal to avoid bankruptcy, sets up potential sale to YES
On Friday, the MSG Network announced a deal with lender JPMorgan, which will allow local sports channels to avoid bankruptcy. Under the conditions of off-court debt restructuring, MSGN, carrying the Knicks, Rangers, Islanders, Devils, Sabres and Gotham FC, will cut JPMorgan loans from over $800 million to $210 million. In exchange, Knicks owner James Dolan […]
MSG Networks nears deal to skirt bankruptcy: sources
The MSG network is approaching a contract with lender JPMorgan, which allows local sports channels to avoid bankruptcy, and could pave the way for a merger with the YES network, the post learned. Under the terms of the contract, MSGN carrying Knicks, Rangers, Islanders, Devils, Sabers and Gotham FC wins debt refinances that JPMorgan agrees […]
Number of TGI Fridays has significantly shrunk across the US as chain battles bankruptcy
TGI Friday footprint in the US has been significantly reduced. The chain’s website lists 85 restaurants nationwide, with around 270, less than a third of the number operating in the US in early 2024, CNN reported Tuesday. In November, TGI Fridays Inc. entered Chapter 11 bankruptcy proceedings, and more than 160 people were scattered across […]
Burger King franchisee files for bankruptcy after owing $37M to creditors
According to court documents, the owners of 57 Burger King Restaurants filed for bankruptcy and accused them of forcing high labor costs and inflation. Consolidated Burger Holdings, one of Hamburger King’s biggest franchisees, owes nearly $37 million to its creditors and filed for Chapter 11 bankruptcy protection on Monday. They are trying to sell assets […]
Publishers Clearing House files for Chapter 11 bankruptcy
Publisher Clearinghouse, a prize company known for its large-scale marketing and prize company from decades ago. Check out the “Award Patrol”filed for Chapter 11 bankruptcy protection. In an announcement this week, PCH said it is using the bankruptcy process to “finish the shift away” from its legacy business of direct mail, retail products and magazine […]
23andMe files for bankruptcy as founding CEO Anne Wojcicki seeks buyback for pennies on the dollar
DNA testing company 23AndMe filed for bankruptcy in the US following what was reported as weak demand since the catastrophic data breaches in 2023. As a Reuters It has been reportedFounding CEO Anne Wojcicki has announced his resignation, but he has tried to buy the company quickly with a much lower rating than it once […]
Protect your genetic data: Urgent steps after 23andMe bankruptcy
Genetic testing company 23AndMe, once a pioneer in consumer DNA testing, filed for Chapter 11 bankruptcy amid growing concerns over economic struggles, leadership cradles and security of client genetic data. Let's take a look at the meaning of this development and some steps to protect your sensitive information. Be protected and provide information! Get security […]