Browsing: bankruptcy

The party supplies and costumes industry suffered a huge loss when party supply retailer Party City filed for Chapter 11 bankruptcy for the second time in two years…

The spirits industry struggled in 2025 with several distilleries filing for bankruptcy, and in some cases, closing down operations.Many of the distillers blamed economic distress on…

Saks Global said on Friday that its CEO Marc Metrick will step down, amid reports that the luxury retailer is preparing to file for bankruptcy. The…

A pedestrian passes in front of the Saks Fifth Avenue at Brookfield Place in New York.Allison Joyce | Bloomberg | Getty ImagesSaks Global named a new…

Along with the sudden shutdowns of commercial airlines like Play and Blue Islands, a number of charter and fractional carriers also filed for bankruptcy in 2025.Florida-based…

The craft beer industry isn’t getting any better after a three-year downturn, with breweries and taprooms continuing to permanently close their doors as the year comes…

Businesswoman working on laptop in modern office spaceMomo Productions | Digitalvision | Getty ImagesStudent debt has long been considered difficult, if not impossible, to discharge in…

Local furniture stores were popular with consumers dating back to the 1960s when furniture stores sold about 78 percent of products and department stores sold about…

It’s been a tough few years for iRobot, maker of the popular robot vacuum cleaner Roomba. After a deal to sell the company to Amazon fell through…

Beverage mogul Mike Repole, who sold Glaceau and BodyArmor to Coca-Cola Co. (NYSE:KO) for nearly $10 billion, warns that entrepreneurship is far riskier than most success…