Bankruptcy

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 in 1973, the department store counters that sold it were among the few places where […]

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 of thousands of workers without severance packages. And for months, those former employees have been […]

Listeners describe their favorite memories of Sears over the years.

Listeners describe their favorite memories of Sears over the years.

The company is more than $5.6 billion in debt.

The industry is crowded with internet competition, forcing one retailer into Chapter 11 bankruptcy.