Spirit Airlines has filed for Chapter 11 bankruptcy protection following significant financial struggles due to mounting losses and debt maturities, the airline announced Monday.
Spirit Airlines files for chapter 11 bankruptcy protection Read More »
Despite repeated reassurances that Spirit Airlines (SAVE) would be able to recover from rising debt and a blocked acquisition by JetBlue Airways (JBLU) , the airline is now talking to bondholders about a restructuring plan in which a Chapter 11 filing is a possibility.
Spirit stock tumbles amid bankruptcy talks Read More »
Tupperware Brands Corporation has filed for bankruptcy, just months after the iconic American food storage container maker shuttered its last remaining plant in the U.S. amid financial woes.
About three months after Big Lots noted “substantial doubt about the Company’s ability to continue” in a U.S. Securities & Exchange Commission (SEC) filing, the company said on Monday it has secured $707.5 million to support its operations and sell its business to private equity firm Nexus Capital.
Big Lots files for bankruptcy, will close some stores amid sale to investment firm Read More »
The online auction ended Thursday for the contents of four closed Colorado Red Lobster restaurants, and the winning bids were in the tens of thousands of dollars.
What’s a Red Lobster restaurant worth? Depends where it is located in Colorado Read More »
The big food court in the sky, or maybe it’s a downtown entertainment district, features a lot of restaurants that once had a big following. You may not remember them all, but some brands that were once huge, fell into irrelevancy and then went away.
