Bankruptcy


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 J.C. Penney (iStock)

J.C. Penney has been saved. Now what?

J.C. Penney has been rescued from bankruptcy, but challenges remain for the beleaguered retailer. The department store chain completed the sale of its retail operations to Simon Property Group and Brookfield Asset Management on...

J.C. Penney has been saved. Now what?
As workers trade in suits for sweatpants, 1 in 6 dry cleaners has closed or gone bankrupt (Getty)

Pandemic takes drastic toll on dry cleaners

At J’s Cleaners, business had clawed up to 40 percent of pre-pandemic levels last month. But now, with Covid-19 soaring again, that number is expected to plummet. “If this thing keeps dragging, many small...

Pandemic takes drastic toll on dry cleaners
Cineworld Group CEO Mooky Greidinger and Regal Cinema (Photo via Getty; Wikipedia)

Regal Cinemas scores financial rescue package

The owner of Regal Cinemas scored a lifeline to help the financially challenged movie theater chain stay afloat. Cineworld...

Regal Cinemas scores financial rescue package
The second-largest movie theater operator in the U.S. is hunting for a financial lifeline (iStock)

Regal Cinemas in talks for rescue deal

The parent company of Regal Cinemas, the second-largest movie theater operator in the U.S., is hunting for a financial lifeline. U.K.-based Cineworld is in talks with investors for rescue financing or debt to fund...

Regal Cinemas in talks for rescue deal
Friendly’s announced Sunday that it has filed for Chapter 11 bankruptcy (Getty)

Friendly’s files for bankruptcy, enters sales agreement

The Covid-19 pandemic hasn’t been friendly to Friendly’s. The restaurant chain announced Sunday that it has filed for Chapter...

Friendly’s files for bankruptcy, enters sales agreement
Ruby Tuesday introduced plans to close 185 of its restaurants (Ildar Sagdejev via Wikipedia Commons)

CEO says bankruptcy is not goodbye, Ruby Tuesday

Yet another chain is seeking bankruptcy protection after the pandemic decimated its business. The restaurant chain Ruby Tuesday filed...

CEO says bankruptcy is not goodbye, Ruby Tuesday
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