Saturday, November 9, 2024

bankruptcy

Tupperware files for bankruptcy as demand for its iconic containers dwindles

International
Tupperware Brands Corp. and several of its subsidiaries sought Chapter 11 bankruptcy pro͏t͏e͏ct͏ion o͏n Tue͏sda͏y,͏ succu͏m͏bin͏g͏ ͏to ͏declin͏i͏n͏g͏ ͏d͏eman͏d͏ f͏or i͏ts͏ once-ic͏oni͏c ͏f͏oo͏d͏ stor͏ag͏e͏ containers an͏d͏ mo͏un͏tin͏g ͏fi͏n͏anci͏al͏ ͏l͏oss͏e͏s. Th͏e com͏p͏an͏y’s chal͏l͏en͏ges in͏t͏en͏sif͏ie͏d aft͏er a br͏ief ͏s͏urge...

The Body Shop enters exclusive acquisition talks with Auréa-led consortium

News
The Body Shop, a UK-based ethical beauty brand, has si͏gned an exclusive re͏scue agreement with a consortiu͏m led b͏y the Auréa group, according to Reuters. Aur͏éa is an investment firm es͏tablished͏ ͏by Bri͏tish cos͏metics tycoon ͏Mike J͏atania. ͏Impact...

Apparel retailer rue21 files for third bankruptcy, announces closure of all stores

News
rue21, a teen apparel retailer, has filed for Chapter 11 bankruptcy protection for a third time, seeking to shut down its 540 stores and...

Apparel retailer Express files for US bankruptcy protection, plans closure of over 100 stores

News
Express Inc, a prominent fashion retailer, has initiated Chapter 11 bankruptcy proceedings in the United States and plans to shutter over 100 of its...

The Body Shop files for bankruptcy: US operations shut down, Canadian stores to follow suit

News
The UK-based cosmetics company, The Body Shop, shut down all of its US-based operations and will soon be closing dozens of Canadian store locations...

Iconic brand The Body Shop’s UK arm files for bankruptcy, job losses loom

News
The UK division of The Body Shop, the esteemed cosmetics brand with nearly 50 years of history in ethical hair and skincare products, has...

Future Lifestyle Fashions receives two resolution proposals amid bankruptcy

News
Future Lifestyle Fashions, a subsidiary of the Future Group facing bankruptcy, has garnered two resolution proposals, as disclosed by its resolution professional in a...

Liquidation looms for Future Retail as buyer search hits roadblocks

News
Kishore Biyani, renowned as the "Raja of Retail," is facing the imminent collapse of his once-prosperous retail empire. Future Retail, the flagship company, is...

Meridian Restaurants divests 70 Burger King outlets across the U.S. following bankruptcy

News
Meridian Restaurants Unlimited (Meridian), a franchisee of Burger King, recently declared bankruptcy and subsequently sold off 70 of its restaurants. According to QSR Magazine, the...

Burger King franchisee Meridian Restaurants faces closure of 27 locations after bankruptcy filing

News
Meridian Restaurants, a US-based company that was established in 2002, filed for bankruptcy in March of this year and is currently in the process...

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