As Big Lots embarks on a Chapter 11 restructuring and prepares for acquisition by Nexus Capital Management, retail analysts are evaluating the company’s future amid...
Discount retailer Big Lots has declared bankruptcy and sold itself to an investment firm. The company announced Monday (Sept. 9) that it had entered voluntary Chapter 11 proceedings in...
Rite Aid has announced a leadership transition as it emerges from Chapter 11 bankruptcy. Jeffrey S. Stein has stepped down as CEO and chief restructuring...
Big Lots is reportedly considering bankruptcy amid continued declines in sales. The off-price home goods retailer received a loan earlier this year to help it navigate...
Startup failures in the U.S. have surged by 60% in the past year, posing a threat to millions of jobs and potentially impacting the wider...
Pitney Bowes has sold a controlling interest in most of its Global Ecommerce (GEC) segment operating in the United States to Hilco Global affiliate Hilco Commercial Industrial, which will...
Silicon Valley Bank’s former owner has gotten a judge’s permission to end its bankruptcy. As Reuters reported Saturday (Aug. 3), SVB Financial Group has been...
Warren Buffett once remarked that it’s when the tide goes out that you find out who’s been swimming naked. The continuing regulatory examinations of various...
U.S. corporate bankruptcies are at a level not seen since the early days of COVID. So far this year, there have been 346 business bankruptcy...