bankruptcy
From the outside, Saks Fifth Avenue — the century-old department store in Manhattan — is literally glowing, its façade decorated with thousands of glittering lights as part of its annual holiday display.The shine, however, masks a retailer under pressure. On Friday, Saks named a new CEO, capping a tumultuous 12…
Red Lobster’s new CEO, Damola Adamolekun, came with a plan to turn the company around. First, however, he’d have to lift spirits.By May 2024, the lobster chain had gone bad. Its private equity owners had saddled the company with expensive leases, labor costs were rising, and promotions like “Endless Shrimp”…
It’s been a busy year for corporate bankruptcies, and fashion brands and retailers aren’t immune.An uncertain economic environment has led some consumers to be more selective about where they spend their money. As a result, some are reaching for cheaper styles — fast-fashion retailers like Shein took market share from…
Last call has come for a beloved, nearly four-decade-old Oregon brewery founded in part by three former Nike executives.Oregon Brewing Company, the parent company of Rogue Ales & Spirits, filed for Chapter 7 liquidation proceedings in the state’s federal bankruptcy court this week.The Monday bankruptcy filing follows the craft beer…
2025-11-22T12:21:01.247Z Share Facebook Email X LinkedIn Reddit Bluesky WhatsApp Copy link lighning bolt icon An icon in the shape of a lightning bolt. Impact Link Save Saved Read in app This story is available exclusively to Business Insider subscribers. Become an Insider and start reading now. Have an account? Log…
A popular Wisconsin ski resort that has been around since the 1960s has filed for Chapter 11 bankruptcy protection as it fights to survive another winter on the slopes.Midwest Skiing Company LLC, which owns and operates the Whitecap Mountains Resort in Upson, Wisconsin, said in court papers that it filed…
