A week after a report from Fitch Ratings named Sears Holding Corp. as one of seven major retailers who could face bankruptcy over the next two years, Sears CEO Eddie Lampert apparently felt the need to write a public blog post stating that the company had...
Cosi, the Boston-based sandwich chain renowned for its flatbread sandwiches, filed for bankruptcy in a Boston courtroom. According to Forbes, Cosi hopes to restructure its debt and explore a possible sale after poorly planned overexpansion and menu revamps left the company in debt. Cosi operated 74...
Hanjin, the embattled South Korean shipping giant that filed for bankruptcy in late August, got some good news this week as its largest shareholder has agreed to provide an emergency loan, according to Yahoo News. The company, the seventh-largest shipper in the world, has filed...
Aéropostale is officially going to emerge from bankruptcy in one piece, albeit in a slimmed-down form, rather than heading to liquidation as one of its biggest creditors had sought. A federal judge approved a $243 million bid that would keep open 229 Aéropostale locations, meaning...
