Bankruptcy
Bankruptcies Led Store Closure Announcements in 2024
Fashion and home retailers in 2024 saw a higher rate of store closures than in 2023, impacted by the rise in…
Yellow’s WARN Notices to Laid Off Employees Were Insufficient, Judge Says
A bankruptcy judge said Yellow has an "awfully strong case" for reduced damages, calling the late notice…
Container Store Going-Concern Warning Ends in Chapter 11 Filing
Home storage retailer The Container Store files pre-packaged bankruptcy that will see it continue to operate…
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‘Unauthorized and Fraudulent Transactions’ at Center of Trucking Bankruptcy
A lender claims it gave trucking firm Kal Freight a $17 million advance loan it never used, and also…
French Olympic Uniform Maker Le Coq Sportif Placed in Receivership
The company has faced consecutive quarters of losses and is being sued by the French Rugby Federation, among…
This Discount Home Retailer Is Headed to the Retail Graveyard
Bankrupt Franchise Group, a one-time suitor for Kohl's, shuts down home retailer American Freight but will…
Franchise Group, Parent of The Vitamin Shoppe, Files for Bankruptcy
Lenders are vying to take control of 100 percent of the company in a debt-for-equity swap that would clean up…
Yellow Bankruptcy Judge’s Error Could Overturn Pension Ruling
The timing of Yellow's default last year is critical to finding out whether pension funds will be awarded…
Esprit to Liquidate in the U.S. After Failed Revamp
Esprit U.S. has more than $3 million in liabilities and is shuttering its New York headquarters.
True Value Bankruptcy Reflects Depth of Distress in Home
Distress in the home sector continues as wholesaler True Value files a Chapter 11 petition as part of a plan…
German Textile Firm Soex Files for Administration
The textile recycling specialist started insolvency proceedings in Germany under self-administration.
Fewer Retail Defaults Expected in 2025
Helping to lower the retailer default rate will be improved access to capital, and the number of retailers…
Yellow Found Liable for $6.5 Billion in Pension Claims
Judge Craig Goldblatt did not set a payment amount, or calculate how much could be allocated to 11 individual…
Bankrupt LL Flooring Avoids Retail Graveyard
LL Flooring, best known under its former Lumber LIquidators banner, will be sold to F9 Investments, keeping…
Big Lots Sold for $760 Million; Files Chapter 11 Petition
Big Lots agreed to sell to Nexus Capital Management for $760 million as the stalking-horse bidder in its…