WeightWatchers said Tuesday it is filing for Chapter 11 bankruptcy protection to eliminate $1.15 billion in debt and focus on its transition into a telehealth services provider.
As of March of this year, Chicken Soup for the Soul had about $414 million in assets and $970 million in debts. Shares for the public company have fallen more than 90% over the last year.
The seafood chain is in hot water after a series of bad choices by a parade of executives. Almost 580 restaurants will stay open, after dozens closed abruptly last week.
Express, which dressed generations of mall shoppers in slacks and blouses, now owns Bonobos and UpWest. It's closing dozens of stores but also plans to get sold to a consortium to survive.
Supreme Court's decision to review the controversial bankruptcy deal involving the maker of Oxycontin means the settlement will remain on hold at least through December.
Inflation has buffeted consumers after a pandemic-fueled binge on goods for the home, but spending has also moved elsewhere as people are again able to travel, or go to restaurants and shows.
The punk media startup known for its provocative visual storytelling and explicit voice, will be bought by some of the company's leaders for $225 million and the assumption of significant liabilities.
The retailer, which also owns the BuyBuy Baby chain, has lost shoppers and money after a series of ineffective or mistimed turnarounds. It plans to close stores.
The retailer once triumphed over rivals as a "category killer" with its blue coupons. Now, it's become rudderless, turbulent and broke. Here's what happened.
FTX had agreed earlier this week to sell itself to bigger rival Binance after experiencing the cryptocurrency equivalent of a bank run. The Department of Justice and the SEC are investigating.
A federal judge has allowed a Johnson & Johnson spinoff to proceed with a controversial bankruptcy, despite complaints from thousands who say they were harmed by the company's baby powder.
The restaurant chain, which first opened 62 years ago, says it wants to keep all of its locations open. There are more than 100 Sizzler restaurants in the U.S.
