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"The Loves Furniture bankruptcy was filed in U.S. Bankruptcy Court on Wednesday. Art Van Furniture filed for Chapter 11 ...
01/08/2021

"The Loves Furniture bankruptcy was filed in U.S. Bankruptcy Court on Wednesday. Art Van Furniture filed for Chapter 11 bankruptcy in March of last year."

Loves Furniture, the company that took over many closed Art Van Furniture locations, has filed for Chapter 11 bankruptcy.

strikes again! "Mall operators in the U.S. have been strapped for cash amid the pandemic as people have stayed indoor...
11/02/2020

strikes again! "Mall operators in the U.S. have been strapped for cash amid the pandemic as people have stayed indoors and resorted to online shopping."

Shopping mall operator CBL & Associates Properties Inc voluntarily filed for Chapter 11 bankruptcy protection on Sunday, becoming the latest mall operator seeking to restructure its operations as the COVID-19 crisis caused prolonged closures.

"BlackRock sees a “wave of restructurings”"
10/22/2020

"BlackRock sees a “wave of restructurings”"

BlackRock Inc. says that the scale of restructuring needs globally could exceed the previous peak that followed the 2008 global financial crisis.

"... movie theatres across the globe continue to be slammed by the coronavirus pandemic."
10/21/2020

"... movie theatres across the globe continue to be slammed by the coronavirus pandemic."

"In the event the company determines that these sources of liquidity will not be available to it or will not allow it to meet its obligations as they become due, it would likely seek an in-court or out-of-court restructuring of its liabilities," AMC said in an SEC filing Tuesday. "In the event of a....

"The largest generic opioid manufacturer in the United States is losing battles on multiple fronts."
10/13/2020

"The largest generic opioid manufacturer in the United States is losing battles on multiple fronts."

Mallinckrodt Pharmaceuticals, facing billions of dollars in legal costs over its role in the nation's opiod crisis, filed for bankruptcy early Monday.

"Sources indicate a reopening date hasn’t yet been set, but cinemas could stay closed until 2021."
10/07/2020

"Sources indicate a reopening date hasn’t yet been set, but cinemas could stay closed until 2021."

Cineworld is shuttering all 543 of its Regal Cinema venues in the U.S. and all cinemas across the U.K. and Ireland this coming week, just a day after James Bond film "No Time to Die" was pushed to April 2021.

"While Belk has not yet officially announced store closures, vendors tell Forbes they're "not optimistic" about the situ...
10/05/2020

"While Belk has not yet officially announced store closures, vendors tell Forbes they're "not optimistic" about the situation."

Yet another retail chain may soon be shutting its doors amid the coronavirus pandemic. Regional department store Belk may be in trouble, according to a new report from Forbes that claims multiple Belk vendors say they're not being paid in a timely manner—if at all. Vendors are also reporting that ...

Disney said in its most recent earnings report that COVID-19 had cost its theme-park business roughly $1 billion in oper...
09/30/2020

Disney said in its most recent earnings report that COVID-19 had cost its theme-park business roughly $1 billion in operating income in its fiscal second quarter.

The massive job reduction was the most eye-opening among several severe cost-cutting measures made by Disney, which has lost billions of dollars in potential...

“It’s the end of the mall,” Cohen, now a professor at Columbia Business School, says of Amazon’s potential arrival to fo...
08/17/2020

“It’s the end of the mall,” Cohen, now a professor at Columbia Business School, says of Amazon’s potential arrival to former mall anchor stores.

Amazon is unlikely to be a mall savior, says former long-time Sears Canada CEO Mark Cohen.

"Another 16 U.S. energy firms filed for protection from creditors last month..."
08/13/2020

"Another 16 U.S. energy firms filed for protection from creditors last month..."

Another 16 U.S. energy firms filed for protection from creditors last month, reflecting crude oil prices below levels that are profitable for many companies, according to a report by law firm Haynes and Boone on Tuesday.

"Becoming the latest of many retailers to declare bankruptcy during the coronavirus pandemic, department store Lord & Ta...
08/03/2020

"Becoming the latest of many retailers to declare bankruptcy during the coronavirus pandemic, department store Lord & Taylor has filed for Chapter 11."

Becoming the latest of many retailers to declare bankruptcy during the coronavirus pandemic, department store Lord & Taylor has filed for Chapter 11.

"Re*****on Arms, one of America's oldest gun makers, has filed for Chapter 11 bankruptcy protection ... again."
07/29/2020

"Re*****on Arms, one of America's oldest gun makers, has filed for Chapter 11 bankruptcy protection ... again."

Re*****on Arms, one of America's oldest gun makers, has filed for Chapter 11 bankruptcy protection ... again.

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