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Tag Archives: Bankruptcy

Country O & # 39; s Lakes owner Dean Foods files for bankruptcy

The 94-year-old company has had problems in recent years because Americans drink less cow's milk. The year 2019 was particularly brutal: the company's revenue fell by 7% and profit by 14% in the first half of the year. Dean Foods ( DF ) Share lost 80% this year The company that makes some of the country's best-known dairy and dairy …

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Barney's store liquidation sales begin soon, bankruptcy business is closed

A Barney store is on 6 August 2019 in New York City, Lower Manhattan. Barneys, one of America's most exclusive clothing stores, has filed for bankruptcy. Spencer Platt | Getty Images According to a press release released on Friday, the sale of business liquidations in Barneys New York will soon begin. According to the Great American Group and Tiger Capital …

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California Governor endeavors to initiate the PG & E bankruptcy negotiations; Threatens state takeover: NPR

From left, LA City Councilor Mike Bonin, Governor of California Gavin Newsom, and LA Mayor Eric Garcetti visit a burnt down home in Brentwood, California on Tuesday. Wally Skalij / AP Hide caption Caption switch Wally Skalij / AP From left, the LA City Councilor, Mike Bonin, Governor of California, Gavin Newsom, and LA Mayor Eric Garcetti visit a burned-down …

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The mood after the bankruptcy of Barneys sinks into chaos

Following the news this week that nearly 800 Barneys employees in New York could lose their jobs in just two weeks, Page Six learns that some employees of the bankrupt luxury retailer did not take it well. A staff member was overheard In town, a friend tells the scene: "It's a three-hour lunch to get drunk, things are not paid, …

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Sears Has not Fared Better After Bankruptcy as Another 100 Stores Will Soon Close

Sears's bankruptcy filing what's supposed to give the troubled retailer a fresh start. Roughly a quarter of the 425 Sears and Kmart stores that financier       Edward Lampert         The shelves at some of the remaining locations are bare of crucial products-no lawn mowers in summer or garden "Edgar Dworsky, a consumer advocate, who recently visited a Sears in Saugus, Mass., …

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AlphaDream, developer of Mario & Luigi, files for bankruptcy

AlphaDream, the developer of the acclaimed series of Mario & Luigi RPGs for Nintendo, has filed for bankruptcy. This news comes from the trusted Japanese Nintendo source, which also notes, "The company's sales in March 2014 were ¥ 300 million ($ 2.78 million), but the company's debt was $ 465 million by March 2018 ¥ ($ 4.3 million). "A shocking …

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Trump's may have forced on American steel company into bankruptcy.

Rusting steel pipes. Candace Elliott / Reuters We're Getting Ripped Off                    The Real Lesson From the WeWork Debacle                    Bernie Sanders' Wealth Tax Is Wonkier Than Elizabeth Warren's and Harder to Sell, and It Makes a Tone of Sense                    43 Percent of White Students Harvard Admits Are Legacies, Jocks, and the Kids of Donors and Faculty                    Donald …

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Forever 21 bankruptcy: 5 reasons why it could have happened

Susan Li of FOX Business reports that Forever 21 has filed for bankruptcy. Forever 21 begins to age. The iconic youth-oriented fashion retailer announced on Monday that it is actually filing for bankruptcy, even though it had spent 10 days earlier trying to suppress rumors about business developments in a newsletter. Under Chapter 11 of the US Bankruptcy Law, Forever …

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Forever 21 files for bankruptcy protection according to chapter 11

Image Rights Getty Images Fashion retailer Forever 21 has filed for bankruptcy protection under Chapter 11 in the United States. The company plans to leave "most of its international locations in Asia and Europe," but continues to operate in Mexico and Latin America. According to a spokesman, up to 350 shops worldwide are to be closed, including 178 US stores. …

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