bankruptcy
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Forever 21 is the latest mall linchpin to file for bankruptcy. The fast fashion chain that sells inexpensive clothing announced the filing this weekend, noting that it will close up to 178 stores, the New York Times reports. In a statement shared with customers, the company said that they have not yet decided which stores […]
Forever 21 is reportedly prepping for a possible bankruptcy filing after what’s been characterized as “stalled” negotiations with potential lenders. That’s the word from Bloomberg, who said Wednesday that sources “with knowledge” of Forever 21 Inc.’s plans have revealed that the affordable fashion company is now centering its goals on getting a debtor-in-possession loan as part […]
An accountant in England stole £150,000 from his employers and spent it on cocaine and prostitutes, The Sun reports. The employee, Darren Carvill filed false payments to himself, ultimately stealing a total of £262,000 from the car servicing chain where he worked. He admitted he almost bankrupted his employer because he wanted a “weekend of […]
While it wasn’t as heartbreaking as it would’ve been when you were, say, seven, it was still a pretty big bummer when Toys ‘R’ Us filed for Chapter 11 back in September 2017. Despite that, uh, minor hiccup(?) the brand still has plans to reemerge by the time the holidays come creeping around towards the […]
Sears is inching closer to its death as its chairman Eddie Lampert looks to make a last-ditch effort that will keep the retail store chain alive. Lampert has until 4 p.m. Friday to formally submit a $4.6 billion proposal to buy the company through his hedge fund ESL Investments in an effort to keep 500 […]
