New York CNN — Rite Aid, which had filed for Chapter 11 bankruptcy protection, is now preparing to shed almost 100 stores
Tag: business financial trouble
Rite Aid files for bankruptcy
New York CNN — Rite Aid filed for Chapter 11 bankruptcy protection Sunday, after being embroiled in legal battles for allegedly filling
Evergrande’s chairman has been detained. The company will struggle to survive
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Evergrande says its chairman is suspected of crimes
Hong Kong/London CNN — Embattled Chinese developer Evergrande Group said Thursday that Chinese authorities suspected its chairman of “crimes” and that shares
China’s Evergrande files for bankruptcy
CNN — China’s Evergrande Group filed for bankruptcy in New York on Thursday. Evergrande was once China’s largest property developer by sales,
Supreme Court blocks $6 billion Purdue Pharma opioid settlement and will hear case this fall
CNN — The Supreme Court on Thursday blocked Purdue Pharma from going forward with bankruptcy proceedings, which the Biden administration has called
Regal owner Cineworld emerges from bankruptcy
London CNN — The owner of Regal Cinemas announced Tuesday that it had emerged from Chapter 11 bankruptcy after slashing billions off
Buybuy Baby stores to close amid Bed Bath & Beyond’s ongoing bankruptcy liquidation
CNN — Buybuy Baby will close all of its stores as part of its parent company Bed Bath & Beyond’s ongoing bankruptcy
FTX: Taylor Swift agreed to $100 million deal before it went bankrupt, but FTX pulled out
CNN — Taylor Swift signed onto a lucrative touring partnership with FTX before its collapse, but FTX pulled out of the arrangement,
The credit crunch is getting worse and bankruptcies are on the rise
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