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Bed Bath & Beyond stock price sinks 35% on debt default warning: The stock hit an intraday low of $2.10, down 35%, and triggered two trading halts during ...
markets.businessinsider.com/news/stocks/bed-bath-beyond-stock-price-default-notice-bankruptcy-loan-debts-2023-1
Bed Bath & Beyond stock price sinks 35% on debt default warning
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Bed Bath & Beyond shares plunge after retailer warns it doesn't have the cash to pay down debts
cnbc.com/2023/01/26/bed-bath-and-beyond-warns-it-doesnt-have-cash-to-pay-debts.html
Bed Bath & Beyond shares plunge after retailer warns it doesn't have the ...
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Profile picture of Insider (news website)
Bed Bath & Beyond stock price sinks 35% on debt default warning: The stock hit an intraday low of $2.10, down 35%, and triggered two trading halts during ...
markets.businessinsider.com/news/stocks/bed-bath-beyond-stock-price-default-notice-bankruptcy-loan-debts-2023-1
Bed Bath & Beyond stock price sinks 35% on debt default warning
Profile picture of CNBC
Bed Bath & Beyond shares plunge after retailer warns it doesn't have the cash to pay down debts
cnbc.com/2023/01/26/bed-bath-and-beyond-warns-it-doesnt-have-cash-to-pay-debts.html
Bed Bath & Beyond shares plunge after retailer warns it doesn't have the ...
Profile picture of Chicago Tribune
Red Lobster considers bankruptcy to deal with leases and labor costs: Seafood restaurant chain Red Lobster is mulling a Chapter 11 bankruptcy filing as it looks ...
chicagotribune.com/2024/04/17/red-lobster-considers-bankruptcy/
Red Lobster considers bankruptcy to deal with leases and labor costs
Quick Glance: Red Lobster Considers Bankruptcy
  • The seafood chain Red Lobster is exploring a potential Chapter 11 filing to restructure its debts, based on insider insights.

  • Legal guidance for Red Lobster is provided by King & Spalding. The restaurant chain is contemplating terminating long-term contracts and renegotiating a variety of leases.

  • A sign reading “Open For Takeout & Free Delivery” is displayed outside a Red Lobster establishment in Secaucus, New Jersey, USA.

  • Established in 1968 in Lakeland, Florida, Red Lobster started with a single restaurant. The introduction of their famous cheese-flavored biscuits occurred in 1992, and the chain now operates hundreds of locations in the US, Canada, and international franchises.
Profile picture of Chicago Tribune
Express files for Chapter 11 bankruptcy protection, announces store closures, possible sale
chicagotribune.com/2024/04/22/express-files-for-chapter-11-bankruptcy-protection-announces-store-closures-possible-sale/
Express files for Chapter 11 bankruptcy protection, announces store ...
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Restaurant chain Tijuana Flats files for bankruptcy, announces closure of 11 locations
usatoday.com/story/money/food/2024/04/22/tijuana-flats-bankruptcy-closing-locations/73409662007/
Restaurant chain Tijuana Flats files for bankruptcy, announces closure of ...
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Red Lobster may file for bankruptcy protection: report: Seafood restaurant chain Red Lobster may be headed for bankruptcy, according to a published report.
marketwatch.com/story/red-lobster-may-file-for-bankruptcy-protection-report-41f1b001
Red Lobster may file for bankruptcy protection: report
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McKinsey faces US criminal probe over opioids work, sources say: McKinsey & Co is under criminal investigation in the United States over allegations that the ...
reuters.com/business/healthcare-pharmaceuticals/mckinsey-faces-us-criminal-probe-over-opioids-work-sources-say-2024-04-24/
McKinsey faces US criminal probe over opioids work, sources say
Quick Glance: Investigation against McKinsey in the US over involvement in the opioid industry
  • A grand jury was established to examine evidence related to consulting for pharmaceutical companies involved in the addiction epidemic.

  • McKinsey is under a criminal investigation in the US for its involvement with opioid manufacturers.

  • Furthermore, federal prosecutors are looking into whether the company impeded justice through its actions as concerns about its work grew.

  • According to a source, the US Department of Justice has been scrutinizing McKinsey's activities for several years, with a grand jury now set up in Virginia to review evidence.
Profile picture of The Sacramento Bee
Nationwide fast-food chain files surprise Chapter 11 bankruptcy: The nationwide chain faced deep competition that led to huge financial problems.
sacbee.com/news/business/article287854890.html
Nationwide fast-food chain files surprise Chapter 11 bankruptcy
Profile picture of pennlive
Restaurant chain files for bankruptcy, closes 11 locations: The chain was founded 30 years ago.
pennlive.com/business/2024/04/restaurant-chain-files-for-bankruptcy-closes-11-locations.html
Restaurant chain files for bankruptcy, closes 11 locations
Profile picture of CNBC
Red Lobster seeks a buyer as it looks to avoid bankruptcy filing: Beleaguered seafood chain Red Lobster is looking for a buyer to avoid filing for bankruptcy as ...
cnbc.com/2024/04/25/red-lobster-seeks-a-buyer-as-it-looks-to-avoid-bankruptcy-filing.html
Red Lobster seeks a buyer as it looks to avoid bankruptcy filing
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Red Lobster Is Reportedly Heading For Bankruptcy After Losing Millions On Endless Shrimp
delish.com/food-news/a60524728/red-lobster-bankruptcy/
Red Lobster Is Reportedly Heading For Bankruptcy After Losing Millions On ...
Profile picture of Quartz
Express will close more than 100 stores after filing for bankruptcy: The fashion retailer said it plans to conduct business as usual and without interruption
qz.com/express-chapter-11-bankruptcy-store-closures-1851426096
Express will close more than 100 stores after filing for bankruptcy
Profile picture of Miami Herald
Taco Bell rival files Chapter 11 bankruptcy; sells company
miamiherald.com/news/business/article287854890.html
Taco Bell rival files Chapter 11 bankruptcy; sells company
Profile picture of Tampa Bay Times
See which Tijuana Flats in Tampa Bay have closed after bankruptcy filing: Other local locations will remain open.
tampabay.com/life-culture/food/food-news/2024/04/22/tampa-bay-tijuana-flats/
See which Tijuana Flats in Tampa Bay have closed after bankruptcy filing
Profile picture of Fort Worth Star-Telegram
Iconic ice cream brand files for Chapter 11 bankruptcy: The nearly 100-year-old ice cream retailer seeks to reorganize in Chapter 11.
star-telegram.com/news/business/article287708905.html
Iconic ice cream brand files for Chapter 11 bankruptcy
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Beloved seafood restaurant chain is considering bankruptcy: The chain would be able to continue operating during Chapter 11 bankruptcy.
pennlive.com/business/2024/04/beloved-seafood-chain-is-considering-chapter-11-bankruptcy.html
Beloved seafood restaurant chain is considering bankruptcy
Profile picture of The Cincinnati Enquirer
Red Lobster considers bankruptcy. Are Ohio locations affected? What we know: Red Lobster is looking to file for Chapter 11 bankruptcy. Are restaurants in Ohio ...
cincinnati.com/story/news/2024/04/22/red-lobster-bankruptcy-restaurants-ohio-stay-open-what-we-know/73414463007/
Red Lobster considers bankruptcy. Are Ohio locations affected? What we ...
Profile picture of The Sacramento Bee
Mall retailer considers Chapter 11 bankruptcy as cash dwindles: The popular retail chain has been delisted from the New York Stock Exchange and it has met with ...
sacbee.com/news/business/article287669605.html
Mall retailer considers Chapter 11 bankruptcy as cash dwindles
Profile picture of The Kansas City Star
Bankrupt essential retailer closing more stores across nation: The huge retailer continues closing its stores in bankruptcy.
kansascity.com/news/business/article287567225.html
Bankrupt essential retailer closing more stores across nation
Profile picture of Bloomberg
Diamond Sports to Hold Vote on Bankruptcy-Exit Plan: Diamond Sports Group will hold a creditor vote on a bankruptcy-exit plan backed by Amazon.com Inc ...
bloomberg.com/news/articles/2024-04-17/sports-broadcaster-diamond-to-hold-vote-on-reorganization-plan
Diamond Sports to Hold Vote on Bankruptcy-Exit Plan
Profile picture of pennlive
Rite Aid to close 17 more stores, including 6 in Pa.: The pharmaceutical retailer has announced the closing of more than 400 stores since it filed for bankruptcy ...
pennlive.com/business/2024/04/rite-aid-to-close-17-more-stores-including-6-in-pa.html
Rite Aid to close 17 more stores, including 6 in Pa.
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Rite Aid (RADCQ) Delays Key Bankruptcy Hearing on Deal to Cut $2 Billion in Debt: Drug store chain Rite Aid Corp. put off a key court hearing in order to ...
bloomberg.com/news/articles/2024-04-18/rite-aid-delays-key-hearing-on-bankruptcy-exit-deal-to-cut-debt
Rite Aid (RADCQ) Delays Key Bankruptcy Hearing on Deal to Cut $2 Billion ...
Profile picture of The Dallas Morning News
Rangers, Mavs broadcaster Diamond Sports readies for vote on bankruptcy plan: Diamond Sports Group will hold a creditor vote on a bankruptcy-exit plan backed by ...
dallasnews.com/business/2024/04/17/rangers-mavs-broadcaster-diamond-sports-readies-for-vote-on-bankruptcy-plan/
Rangers, Mavs broadcaster Diamond Sports readies for vote on bankruptcy ...
Profile picture of The Charlotte Observer
After Chapter 11 bankruptcy filing retail chain may get lifeline: The popular discount retailer has formally filed for Chapter 11 bankruptcy and hired a firm to ...
charlotteobserver.com/news/business/article287512120.html
After Chapter 11 bankruptcy filing retail chain may get lifeline
Profile picture of The Sacramento Bee
After Chapter 11 bankruptcy filing retail chain may get lifeline
sacbee.com/news/business/article287512120.html
After Chapter 11 bankruptcy filing retail chain may get lifeline
Profile picture of San Antonio Express-News
San Antonio eateries El 7 Mares, Guillermo’s file for bankruptcy: El 7 Mares LLC and Guillermo’s LLC are the latest San Antonio restaurant operators to seek ...
expressnews.com/business/article/el-7-mares-guillermos-bankruptcy-restaurants-19393247.php
San Antonio eateries El 7 Mares, Guillermo’s file for bankruptcy
Profile picture of The Columbian
Vancouver-based BowFlex sold for $37.5 million: A federal bankruptcy court has approved the sale of Vancouver-based BowFlex to Johnson Health Tech Retail for $37 ...
columbian.com/news/2024/apr/15/vancouver-based-bowflex-sold-for-37-5-million/
Vancouver-based BowFlex sold for $37.5 million
Profile picture of The Sacramento Bee
Popular discount retailer shuts down all stores, liquidating: While it has not technically filed for Chapter 11 or Chapter 7 bankruptcy, the company will be ...
sacbee.com/news/business/article287461685.html
Popular discount retailer shuts down all stores, liquidating
Quick Glance: 99 Cents Only to Close All 371 Stores and Cease Longstanding Business
  • After more than four decades, 99 Cents Only will close all 371 of its stores and cease its business operations.

  • The decision was made due to various challenges, including the COVID-19 pandemic, shifting consumer demand, inflationary pressures, and increasing levels of shrinkage.

  • The closure of 99 Cents Only reflects a broader weakness in the dollar-store category, with other major retailers also announcing store closures.

  • Established in 1982 in Los Angeles, 99 Cents Only was a trailblazer in single-price retail and faced pressure from rising wages and competition from larger chains.
Profile picture of Fort Worth Star-Telegram
Popular shoe brand files for Chapter 11 bankruptcy: The company has between $500,000 million and $1 billion in debt.
star-telegram.com/news/business/article287392045.html
Popular shoe brand files for Chapter 11 bankruptcy
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Rite Aid to close 39 more stores, including 6 in Pa.: The company has announced the closing of more than 400 of its stores since filing for bankruptcy in October ...
pennlive.com/news/2024/04/rite-aid-to-close-39-more-stores-including-6-in-pa.html
Rite Aid to close 39 more stores, including 6 in Pa.