bankruptcy
Page: 2
In the wake of their largest American franchisee declaring bankruptcy, Pizza Hut will be closing down nearly 300 of their restaurants in the U.S. This grim news, which had previously been forecasted, comes after NPC International filed for Chapter 11 last month. On Monday, an announcement was made in which it was said that Yum! […]
NPC International, the largest franchisee in the United States for Pizza Hut, filed for Chapter 11 bankruptcy on Wednesday, CNN Business reports. The franchisee also owns almost 400 Wendy’s locations. The filing was the last resort for NPC, which has been dealing with prolonged restaurant shutdowns due to the coronavirus, struggling business, a debt burden […]
Two weeks ago we told you that Chuck E. Cheese might file for bankruptcy. You can now change that might part to will. Late Wednesday the parent company for that host of legendary pizza parties, CEC Entertainment, filed for Chapter 11 bankruptcy protection while pointing the finger at the “financial strain” from the coronavirus as the cause […]
It appears that Chuck E. Cheese’s plan to secretly sell pizza under another name was a flop. Now, the family entertainment center is approaching bankruptcy and might have to shutter all its locations. The coronavirus pandemic hasn’t been kind to the popular kid’s restaurant. The Wall Street Journal reports that Chuck E. Cheese’s parent company, […]
J.C. Penney has begun filing for bankruptcy protection, a report from CNN says. The 118-year-old company was already facing challenges—even after having one of their best financial years back in 2010—and now with the rapid spread of COVID-19 causing businesses to close for an unspecified amount of time, the company does not look like it […]
A Virginia man crafted an elaborate scheme to defraud bankruptcy court. Russell Geyer pleaded guilty to a number of crimes in federal court on Wednesday, after faking his own death to conceal assets from federal bankruptcy court and fraudulently using a Florida attorney’s identity to cover up his plot, KTRK-TV reports. The 50-year-old pleaded guilty […]
J.Crew Group Inc. has announced its filing of Chapter 11 proceedings in federal bankruptcy court. The company said in a statement early Monday that Chinos Holdings—the parent company of J.Crew Group Inc.—has filed voluntary petitions for relief under Chapter 11 of the US Bankruptcy Code in the US Bankruptcy Court for the Eastern District of […]
The retail industry is facing some dark times as the COVID-19 pandemic carries on. Reports have surfaced that Neiman Marcus is allegedly just days away from filing for bankruptcy. All of the high-end department stores’ 43 locations have shuttered during the nationwide shutdown, as well as its Last Call stores and its two Bergdorf Goodman […]
After filing for bankruptcy and closing all U.S. and British locations last year, Toys ‘R’ Us is back with the company’s first new store in New Jersey that opened today. The brand new New Jersey store is the first of two Toys ‘R’ Us locations in the U.S. expected to open in time for the holiday […]
Toys ‘R’ Us is slowly making its comeback. The store’s website is now live, though with one main difference: ToysRUs.com is powered by Target, as Engadget reports. When you go to buy your items, it redirects you to Target’s website to finalize your checkout. Richard Barry, CEO of Toys ‘R’ Us parent Tru Kids, told CNBC his […]
