Red Lobster considering more restaurant closures, CEO says
Red Lobster may close more restaurants as its CEO reviews locations following the chain's 2024 bankruptcy filing that shuttered 130 stores.
Francesca's files for bankruptcy, launches closing sales at all locations
Women's retailer Francesca's launches going-out-of-business sales with discounts up to 40% of all merchandise categories after filing for bankruptcy.
Spirit Airlines to sell 20 jets, recalls furloughed flight attendants
Spirit Airlines will recall 500 flight attendants from furloughs while selling 20 Airbus aircraft to address financial struggles during bankruptcy proceedings.
Saks to close stores amid bankruptcy proceedings
Saks signaled it's planning to close eight Saks Fifth Avenue locations and one Neiman Marcus store as the fashion and style retailer refocuses its operations.
Some gift cards sold at Costco are now worthless
Consumers who bought Synergy restaurant gift cards at Costco may be unable to redeem them after the third-party issuer shut down and moved toward bankruptcy.
Eddie Bauer retail operator files for bankruptcy, begins liquidation sales
The 106-year-old brand founded in Seattle, Washington, will begin liquidation sales while seeking buyer for brick-and-mortar operations.
Major firearms distributor serving thousands of retailers across multiple countries files for bankruptcy
Major outdoor sporting goods distributor Big Rock Sports files for Chapter 7 bankruptcy, potentially affecting over 20,000 retailers across multiple countries.
Wall Street hotshot’s downfall deepens as bankruptcy filing lists guinea pigs, Apple watch among assets
Hedge fund manager Jason Ader, who helped unseat Yahoo CEO Marissa Mayer, admits he's down to just $240,000 in assets including guinea pigs worth $25 each.
Most Saks OFF 5TH locations nationwide to close amid bankruptcy proceedings
Saks Global said most of its Saks OFF 5TH locations across the United States will be closing starting early next week, with just 12 locations remaining open.
Nearly 100-year-old candy company files for bankruptcy amid rising costs, heavy debt: report
Nearly century-old Chicago candy maker Primrose Candy Co. files for Chapter 11 bankruptcy protection, seeking to restructure over $12 million in debt.
Restaurant giant files for bankruptcy under massive debt shortly after touting major expansion
FAT Brands files for Chapter 11 bankruptcy protection with $1.3 billion debt, affecting Fatburger, Johnny Rockets, Twin Peaks and 16 other restaurant chains.
Francesca's allegedly fires workers without warning as women's clothing retailer shuts down for good
Women's retailer Francesca's is reportedly shutting down, with vendors allegedly owed $250 million following years of financial turmoil and corporate restructuring.
Major Popeyes franchisee with over 130 locations files for bankruptcy
Major Popeyes franchisee Sailormen Inc. files for bankruptcy protection, citing $129 million in debt from pandemic impacts, inflation and labor shortages.
Record bankruptcies hit mom-and-pop businesses as debts surge
'The Big Money Show' panel discusses why small businesses are struggling.
Travel chaos erupts after Marriott-backed hotel chain plans bankruptcy: report
Sonder announces plans to file for bankruptcy after Marriott ends partnership, reportedly leaving guests scrambling to find new accommodations with minimal notice.
‘Barron’s Roundtable’: Is the credit risk flare-up the ‘canary in the coal mine?’
Jack Otter and the ‘Barron’s Roundtable’ discuss whether recent Wall Street credit worries constitute a ‘Bear Stearns’ moment and stress the possibilities of an uncertain future.
Worries about credit deterioration arise after Jamie Dimon’s comments
RBC Capital Markets managing director Gerard Cassidy reacts to Jamie Dimon’s ‘cockroach’ theory about recent auto bankruptcy on ‘The Claman Countdown.’
Rite Aid closes down all remaining stores after bankruptcy
Rite Aid has permanently closed all stores after filing for bankruptcy twice in two years, ending the pharmacy chain's 60-year operation in the U.S.
Spirit Airlines files for second bankruptcy in under a year as low-cost carrier continues to struggle
Spirit Airlines enters the Chapter 11 restructuring process again while assuring customers that flights and services will continue operating normally.
Italian restaurant chain files for bankruptcy, citing inflation and higher interest rates
The parent company of Bravo! Italian Kitchen and Brio Italian Grille filed for Chapter 11 bankruptcy protection amid widespread financial distress in the casual dining sector.