TGI Fridays files for bankruptcy, COVID-19 pandemic blamed for financial woes
Casual dining chain TGI Fridays Inc. filed for Chapter 11 bankruptcy in Texas on Saturday with the company's executive chairman saying it still has not fully recovered from the COVID-19 pandemic.
Bed Bath & Beyond brand is coming back to physical stores
Beyond Inc. entered into a strategic partnership with the Container Store. The plan is to boost store traffic by adding Bed Bath & Beyond-branded products.
Big Lots to shutter more than 50 retail locations
Big Lots aims to permanently close the doors of 50-plus more stores, it told the bankruptcy court overseeing its Chapter 11 proceedings late last week.
True Value's bankruptcy is a tragedy but could be a good sign for the 'little guys': Codie Sanchez
Contrarian Thinking Capital founder Codie Sanchez reacts to the True Value hardware brand filing for bankruptcy on 'Making Money.'
Hardware wholesaler True Value files for bankruptcy, plans sale to rival
Wholesaler True Value filed for bankrtupcy Monday and announced its plans to sell to rival Do It Best. True Value retail stores are not included in the bankruptcy.
Lenders are kicking small businesses while they're down: Danielle DiMartino Booth
QI Research CEO and Chief Strategist Danielle DiMartino Booth discusses the impact of government intervention on small businesses.
Luxury electric automaker's abandoned California headquarters 'left in complete disarray,' landlord says
The former electric vehicle maker Fisker's headquarters in La Palma, California, following a bankruptcy filing was left a mess, according to court documents.
Decades-old kitchen staple company Tupperware files for bankruptcy
Tupperware Brands filed for bankruptcy protection, months after the iconic American brand shut down its last remaining U.S.-based plant amid financial troubles.
Red Lobster is back; CEO plots future for seafood chain
Red Lobster officially came out of the bankruptcy process on Monday, with new CEO Damola Adamolekun calling it the "start of a new chapter" for the seafood restaurant chain.
Another restaurant chain files for Chapter 11 bankruptcy
BurgerFi International on Wednesday joined the group of restaurant chains that have filed for Chapter 11 bankruptcy protection this year.
Big Lots files for bankruptcy, will close some stores amid sale to investment firm
Months after Big Lots publicly announced signs of trouble, the home goods and seasonal retailer is selling its business as it starts bankruptcy proceedings.
Red Lobster cleared to exit Chapter 11 bankruptcy protection
After facing significant financial woes and filing for Chapter 11, Red Lobster has been cleared to exit bankruptcy and will be acquired by RL Investor Holdings LLC.
LL Flooring, hardware store once known as Lumber Liquidators, to close all 400 stores in bankruptcy proceeding
National retailer LL Flooring, previously known as Lumber Liquidators, has announced it will close, resulting in around 2,000 workers losing their jobs.
Why are so many restaurant chains filing for bankruptcy this year?
Bankruptcies among major restaurant chains have surged this year, already nearly doube the number in 2023. One expert explains several factors are fueling the trend.
Big Lots weighing possibility of bankruptcy filing as sales dwindle
Discount retailer Big Lots is considering filing for bankruptcy as it faces declining sales, according to a report citing people familiar with the situation.
Red Lobster buyer taps former PF Chang's chief as CEO
Red Lobster lenders select former P.F. Chang's CEO Damola Adamolekun to run the struggling seafood chain upon its emergence from Chapter 11 bankruptcy.
Mediterranean restaurant chains files for bankruptcy protection
Mediterranean restaurant chain Roti on Friday filed for Chapter 11 bankruptcy protection. Roti submitted its petition to the U.S. Bankruptcy Court for the Northern District of Illinois.
Red Lobster closing 23 more restaurants across US amid bankruptcy
Red Lobster said in a court filing it plans to close another 23 restaurants by the end of the week as part of its ongoing Chapter 11 bankruptcy restructuring.
Legendary beauty products seller Avon files for bankruptcy
Beauty brand Avon Products filed for Chapter 11 bankruptcy to address its debt burden and legal liabilities from lawsuits related to allegedly contaminated talc-based products.
J&J has enough support from claimants for $6.5 billion talc settlement: report
Johnson & Johnson is reportedly nearing enough support to finalize a $6.5 billion settlement for lawsuits related to cancer cases linked to its baby powder and other talc products.