Corporate bankruptcy
Tupperware files for bankruptcy as its colorful containers lose relevance
Tupperware products are offered for sale at a retail store on April 10, 2023 in Chicago, Illinois. Scott Olson | Getty Images Tupperware Brands Corp. and some of its subsidiaries filed for Chapter 11 bankruptcy protection on Tuesday, giving in to dwindling demand for its once-iconic food storage containers and mounting financial losses. The company’s […]
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Red Lobster cleared to exit Chapter 11 bankruptcy
The exterior of a Red Lobster restaurant on May 20, 2024 in Austin, Texas. Brandon Bell | Getty Images A bankruptcy court approved Red Lobster’s plan to exit Chapter 11, putting the seafood chain one step closer to exiting bankruptcy. The company, known for its seafood offerings and cheddar biscuits, filed for bankruptcy protection in […]
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These 10 restaurant chains filed for bankruptcy this year
The Red Lobster logo is displayed outside of a closed restaurant in Torrance, California, on May 14, 2024. Patrick T. Fallon | Afp | Getty Images Restaurant bankruptcy filings have surged so far this year, echoing a broader rise in corporate bankruptcies across sectors. At least 10 restaurant chains, not including multi-unit franchisees, have filed […]
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China Evergrande’s EV arm units to enter bankruptcy, reorganization proceedings
The Evergrande Group headquarters building in Shenzhen is pictured on January 11, 2022 in Shenzhen, Guangdong Province of China. Liang Xiashun | Visual China Group | Getty Images China Evergrande New Energy Vehicle said on Monday a local court had ruled that two of its units should enter into bankruptcy and be reorganized, a week after individual creditors of the units filed for such proceedings. Shares […]
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Diamond Sports, Comcast reach a deal to return Bally regional sports to cable customers
A Bally Sports display is shown in the eighth inning of the game between the MLB’s Houston Astros and Minnesota Twins at Target Field in Minneapolis, Minnesota, on April 9, 2023. David Berding | Getty Images Sport | Getty Images Bally Sports regional channels are returning to Comcast cable TV customers. Diamond Sports — the […]
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Rudy Giuliani bankruptcy situation dismissed, opening door to collectors pursuing collection
Rudy Giuliani speaks to associates of the media exactly where Florida Gov. Ron DeSantis was scheduled to host a marketing campaign celebration in Manchester, New Hampshire, on Jan. 21, 2024. Brandon Bell | Getty Images A New York federal individual bankruptcy decide on Friday in a scathing ruling dismissed the Chapter 11 bankruptcy defense situation […]
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Fisker files for bankruptcy protection in wave of EV startups, moment of déjà vu for its founder
Henrik Fisker stands with the Fisker Ocean electric vehicle after it was unveiled at the Manhattan Beach Pier ahead of the Los Angeles Auto Show and AutoMobilityLA on November 16, 2021 in Manhattan Beach, California. Patrick T. Fallon | AFP | Getty Images Fisker on Monday became the latest all-electric vehicle startup to file for […]
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WeWork emerges from individual bankruptcy, announces John Santora as new CEO
A WeWork co-operating business office house in New York, US, on Tuesday, Nov. 7, 2023. Yuki Iwamura | Bloomberg | Getty Photos WeWork, the shared business house corporation after valued at $47 billion, emerged from personal bankruptcy on Tuesday, and named Cushman & Wakefield government John Santora as its new CEO. WeWork filed for Chapter […]
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NBA, NHL voice concerns over future of Diamond Sports, as it tries to craft post-bankruptcy plan
A Bally Sports display is shown in the eighth inning of the game between the MLB’s Houston Astros and Minnesota Twins at Target Field in Minneapolis, Minnesota, on April 9, 2023. David Berding | Getty Images Sport | Getty Images The NBA and NHL are concerned over Diamond Sports’ future, and whether the regional sports […]
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Red Lobster files for Chapter 11 bankruptcy protection
A sign is posted on the exterior of a Red Lobster restaurant on April 17, 2024 in Rohnert Park, California. Justin Sullivan | Getty Images Red Lobster has filed for Chapter 11 bankruptcy protection, continuing the process to shrink its footprint and find a buyer, the company said in a statement. CNBC reported last month […]
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