FTD declares bankruptcy, but will still deliver flowers.
The company that launched Ebony and Jet magazines — Johnson Publishing Company of Chicago — has filed for bankruptcy. Johnson sold off its magazines in 2016, but held on to Fashion Fair, its cosmetics brand. When the brand hit the market…
When a business files for bankruptcy in today's economy, what happens?
The chairman of the storied retailer has proposed a $4.6 billion bid to save what's left of the 130-year-old chain.
The private equity firms Bain and KKR announced this week that they will contribute $20 million to a compensation fund for former employees of Toys R Us. The retailer filed for Chapter 11 bankruptcy in September 2017, laying off tens…
The company is more than $5.6 billion in debt.
The industry is crowded with internet competition, forcing one retailer into Chapter 11 bankruptcy.