Bankruptcy

Bob’s Stores on Monday announced the impending closure of every one of its nearly two dozen clothing retail stores. Its stores are located in six Northeastern states.

Chicken Soup for the Soul Entertainment has filed for Chapter 11 bankruptcy in Delaware, with nearly $1 billion in debt, two years after purchasing DVD rental company Redbox.

Rite Aid on Monday filed a “notice of additional closing stores" identifying 27 locations in Michigan and Ohio that it has added to the chopping block.

California-based electric vehicle maker Fisker filed for Chapter 11 bankruptcy protection on Monday after burning through cash reserves on its Ocean SUV line in the U.S. and Canada.

Industry experts say the Red Lobster all-you-can-eat shrimp deal gone wrong is masking the real issues that led to the company's downfall after over 50 years in business.

Rubio's Coastal Grill is filing for bankruptcy for the second time in four years as it suffers from years of diminishing traffic, rising costs and, most recently, minimum wage increases.

Nonprofit group Romance Writers of America has filed for bankruptcy as it grapples with declining membership, diversity woes, and millions of dollars in unpaid debt.

Five plaintiffs sued Johnson & Johnson on Wednesday, accusing the company of fraud through its use of a shell company's bankruptcy to resolve lawsuits over its talc products.

Seafood chain Red Lobster is facing financial difficulties and has closed dozens of locations after financial challenges were exacerbated by blowout demand for endless shrimp.

Prochain Capital President David Tawil said popular brands are feeling the effects of consumers shifting away from high costs, echoing a Wall Street Journal report.

In December 2023, Rose Inc sold for $2.5 million to AA Investments, a Hong Kong-based asset management firm when Amyris, Inc. filed for bankruptcy.

Teen clothing retailer Rue21 is filing for bankruptcy again. This time, the company will close all its stores, sell all intellectual property and hold "going out of business" sales.

Express will permanently close the doors of over 100 stores across two of its brands, Express and UpWest. The bulk of the closures – 95 – will be Express.

Express filed for Chapter 11 bankruptcy protection on Monday. WHP Global sent Express a non-binding letter of intent to possibly buy a "substantial majority" of its operations.

Tijuana Flats has closed 11 locations during bankruptcy restructuring after announcing new ownership. The company has restaurants in four states across the southeast.

Red Lobster is considering filing for bankruptcy to restructure its finances to address debt and costly leases after bringing in a new CEO with experience leading turnarounds.

Retail pharmacy chain Rite Aid has announced the closure of dozens of more stores in court filings, according to reports. The stores are in nine states.

The California-based dollar store chain 99 Cents Only is closing all of its retail locations nationwide due to financial burdens that have forced the company to liquidate its stock and real estate.

New FTX CEO John Ray says his predecessor, Sam Bankman-Fried, is "living a life of delusion" by claiming the bankruptcy of his cryptocurrency exchange was not necessary.