restructuring
Freightos Cuts 15% of Jobs in Bid to Break Even
Layoffs are expected to save $4.5 million annually as the freight tech firm aims to reach adjusted…
HMM Launches Early Retirement Program as Carriers Tighten Costs
The South Korean ocean carrier insists the move is unrelated to a potential sale or overall container market…
STG Logistics Enters Chapter 11, Says Operations Will Continue Uninterrupted
The intermodal operator will restructure nearly $1 billion in debt and bring on new ownership through a…
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The Container Store’s Next Chapter
The Container Store exits bankruptcy oversight after restructuring its debt, while keeping 102 doors open and…
What Would Happen to Joann’s Fabrics If It Enters The Chapter 22 Club?
Fabric retailer Joann's is facing a cash crunch, and could file Chapter 11—the second in less than a…
Fashion Investor and Retail Lender B. Riley Under SEC Probe
The SEC probe of investment bank B. Riley, a name in the fashion and retail sectors, centers on its ties to a…
Careismatic CEO Sid Lakhani Talks Supply Chain Post Bankruptcy
A financial restructuring gave scrubs maker Careismatic Brands the lift it needed to zero in on its sourcing…
Forward Air Cuts Staff in Post-Merger Restructuring
Forward Air is also reviewing its portfolio to identify potential divestitures of its non-core assets, the…
Is Time Running Out for Express?
Express Inc.'s losses are growing and it is said to be talking with lenders about restructuring options.
Rent the Runway COO Exits as Layoffs Hit 10% of Workforce
President and COO Anushka Salinas resigned as the company cuts costs in its push to become "free cash flow…
Pitney Bowes CEO Steps Down After Investor Pressure
After a hedge fund pressured the company to get rid of an 11-year CEO, will the firm next sell a struggling…
Soft Surroundings Files for Chapter 11 Bankruptcy
The restructuring women's wear company will transfer its DTC business to a Coldwater Creek affiliate and get…
Pentland Restructures, Plans to Open Creative Hub in London
The apparel and footwear firm is simplifying how it does business, eyeing a bigger focus on product, digital…
Yellow Sees ‘Freight Diversions’ Amid Cash Crunch: Cowen
The trucking company might have gotten a second wind ahead of a possible bankruptcy, but shippers may be…
Could Top US Trucking Firm Go Bankrupt?
Yellow, which transported half of its shipments to retailers last year, is suing the Teamsters for preventing…