Dutch Plastic Recycling Company Blue Cycle Declares Bankruptcy
Blue Cycle, a Heerenveen-based company that converted plastic waste into oil, declared bankruptcy due to higher-than-expected costs and delays, despite proving its technology and receiving €7 million from the provincial sustainability fund.
Dutch Plastic Recycling Company Blue Cycle Declares Bankruptcy
Blue Cycle, a Heerenveen-based company that converted plastic waste into oil, declared bankruptcy due to higher-than-expected costs and delays, despite proving its technology and receiving €7 million from the provincial sustainability fund.
Progress
40% Bias Score
Container Store Files for Bankruptcy Amid Retail Downturn
The Container Store, facing $230 million in debt and declining sales, filed for Chapter 11 bankruptcy protection on Sunday; the company plans to restructure and remain operational during a 35-day process, receiving $40 million in new financing.
Container Store Files for Bankruptcy Amid Retail Downturn
The Container Store, facing $230 million in debt and declining sales, filed for Chapter 11 bankruptcy protection on Sunday; the company plans to restructure and remain operational during a 35-day process, receiving $40 million in new financing.
Progress
40% Bias Score
2024 Bankruptcy Wave: Inflation and Shifting Trends Hit Retail Hard
In 2024, decreased consumer spending due to inflation and evolving trends caused at least 19 companies, including Big Lots, Party City, and Red Lobster, to file for bankruptcy, resulting in over 14,000 job losses and more than 7,100 store closures by November.
2024 Bankruptcy Wave: Inflation and Shifting Trends Hit Retail Hard
In 2024, decreased consumer spending due to inflation and evolving trends caused at least 19 companies, including Big Lots, Party City, and Red Lobster, to file for bankruptcy, resulting in over 14,000 job losses and more than 7,100 store closures by November.
Progress
40% Bias Score
Party City Files for Second Bankruptcy in Less Than Two Years
Party City, the nation's largest party supply chain, filed for Chapter 11 bankruptcy on Saturday, its second in less than two years, after announcing store closures starting February 28th and impacting approximately 12,000 employees; about 95% will be retained through the wind-down process; stores w...
Party City Files for Second Bankruptcy in Less Than Two Years
Party City, the nation's largest party supply chain, filed for Chapter 11 bankruptcy on Saturday, its second in less than two years, after announcing store closures starting February 28th and impacting approximately 12,000 employees; about 95% will be retained through the wind-down process; stores w...
Progress
36% Bias Score
Express CEO Misused Nearly $1 Million in Perks During Bankruptcy
Express's former CEO, Tim Baxter, misused almost \$1 million in company perks, including personal jet use, while the company slid into bankruptcy; the SEC settled with Express without a penalty due to cooperation.
Express CEO Misused Nearly $1 Million in Perks During Bankruptcy
Express's former CEO, Tim Baxter, misused almost \$1 million in company perks, including personal jet use, while the company slid into bankruptcy; the SEC settled with Express without a penalty due to cooperation.
Progress
48% Bias Score
Party City Faces Potential Bankruptcy After Recent Restructuring
Party City, a national party supply retailer with 850 stores, is considering bankruptcy due to lagging sales and financial struggles following its emergence from Chapter 11 in 2023, facing increased competition and rising costs.
Party City Faces Potential Bankruptcy After Recent Restructuring
Party City, a national party supply retailer with 850 stores, is considering bankruptcy due to lagging sales and financial struggles following its emergence from Chapter 11 in 2023, facing increased competition and rising costs.
Progress
44% Bias Score
Party City to Close All Stores After Inventory Devaluation Triggers Bankruptcy
Party City, the largest US party supply retailer, is closing all 850 stores after a significantly lowered inventory valuation by Hilco Global triggered creditor demands it could not meet, culminating in a second bankruptcy filing despite a previous restructuring.
Party City to Close All Stores After Inventory Devaluation Triggers Bankruptcy
Party City, the largest US party supply retailer, is closing all 850 stores after a significantly lowered inventory valuation by Hilco Global triggered creditor demands it could not meet, culminating in a second bankruptcy filing despite a previous restructuring.
Progress
48% Bias Score
2024 Bankruptcy Wave: Inflation, Shifting Trends Trigger Over 14,000 Job Losses
In 2024, decreased consumer spending due to inflation and evolving trends led to at least 19 company bankruptcies, resulting in over 14,000 job cuts and more than 7,100 store closures, impacting various sectors including retail, restaurants, and home goods.
2024 Bankruptcy Wave: Inflation, Shifting Trends Trigger Over 14,000 Job Losses
In 2024, decreased consumer spending due to inflation and evolving trends led to at least 19 company bankruptcies, resulting in over 14,000 job cuts and more than 7,100 store closures, impacting various sectors including retail, restaurants, and home goods.
Progress
44% Bias Score
Party City Closes All Stores, Ending 40-Year Run
Party City, the largest US party supply retailer, is closing all stores immediately, impacting approximately 16,500 employees and ending nearly 40 years in business due to insurmountable financial challenges related to inflation, decreased consumer spending, and competition from e-commerce.
Party City Closes All Stores, Ending 40-Year Run
Party City, the largest US party supply retailer, is closing all stores immediately, impacting approximately 16,500 employees and ending nearly 40 years in business due to insurmountable financial challenges related to inflation, decreased consumer spending, and competition from e-commerce.
Progress
44% Bias Score
Express CEO's \$1 Million in Perks During Bankruptcy Draws SEC Scrutiny
Express, the fashion retailer, filed for bankruptcy amid declining sales; its CEO, Tim Baxter, used almost \$1 million in company perks, including personal jet use, which the SEC investigated, resulting in a cease-and-desist order without penalties due to cooperation.
Express CEO's \$1 Million in Perks During Bankruptcy Draws SEC Scrutiny
Express, the fashion retailer, filed for bankruptcy amid declining sales; its CEO, Tim Baxter, used almost \$1 million in company perks, including personal jet use, which the SEC investigated, resulting in a cease-and-desist order without penalties due to cooperation.
Progress
44% Bias Score
US Retail Store Closures Surge 58% in 2024
In 2024, 7,308 US retail stores closed, exceeding openings by 1,427, a 58% increase from 2023; 49 retailers filed for bankruptcy, highlighting economic pressures, online competition, and internal challenges faced by some struggling chains.
US Retail Store Closures Surge 58% in 2024
In 2024, 7,308 US retail stores closed, exceeding openings by 1,427, a 58% increase from 2023; 49 retailers filed for bankruptcy, highlighting economic pressures, online competition, and internal challenges faced by some struggling chains.
Progress
48% Bias Score
Judge Blocks The Onion's Infowars Bid, Citing Auction Process Concerns
A Texas bankruptcy judge blocked The Onion's $7 million bid to acquire Alex Jones' Infowars platform, citing concerns about the auction process which he says failed to maximize value. The bid, which included $1.75 million in cash and a credit from Sandy Hook families, was rejected due to lack of cla...
Judge Blocks The Onion's Infowars Bid, Citing Auction Process Concerns
A Texas bankruptcy judge blocked The Onion's $7 million bid to acquire Alex Jones' Infowars platform, citing concerns about the auction process which he says failed to maximize value. The bid, which included $1.75 million in cash and a credit from Sandy Hook families, was rejected due to lack of cla...
Progress
40% Bias Score