Rite Aid files for Chapter 11 bankruptcy, names new CEO

The pharmacy retailer plans to use bankruptcy to shrink its store footprint and manage a nearly $4 billion debt load.

By Nate Delesline III • Oct. 16, 2023

Party City emerges from bankruptcy, CEO to exit

Brad Weston will step down from the top executive role, while current Chief Commercial Officer Sean Thompson will become the company’s interim.

By Kaarin Moore • Oct. 13, 2023

Tupperware’s executive vice chair to exit

Richard Goudis plans to resign from the company after about three years once Tupperware files its 2022 annual report.

By Dani James • Oct. 10, 2023

Halloween is a $12B business. Why that couldn’t save Party City

The specialty retailer relies heavily on the holiday, but growing participation and spending wasn't enough to spare it from bankruptcy.

By Caroline Jansen • Oct. 10, 2023

Showfields files for bankruptcy

The department store retailer recently closed two of its stores, in Miami and New York City’s Manhattan borough, but is eyeing expansion elsewhere.

By Dani James • Oct. 9, 2023

Rite Aid faces NYSE delisting

News of the company's possible removal from the New York Stock Exchange follows talks of a possible bankruptcy filing.

By Nate Delesline III • Oct. 5, 2023

Court approves sale of Instant Brands to private equity firm Centre Lane Partners

The maker of popular kitchen brands including Instant Pot, Corelle and Pyrex said the deal would help fix its unsustainable capital structure.

By Kaarin Moore • Oct. 5, 2023

Chapter 11 filings by businesses soar 61% so far this year, report finds

More small businesses and consumers also turned to bankruptcy in the first nine months of 2023, per Epiq and the American Bankruptcy Institute.

By Daphne Howland • Oct. 4, 2023

SmileDirectClub files for Chapter 11 bankruptcy

The dental company's financial issues partially stemmed from the COVID-19 pandemic. Now it plans to liquidate if it can't find a buyer.

By Dani James • Oct. 2, 2023

11 retailers at risk of bankruptcy in 2023

From Joann and Rite Aid to Petco and The Container Store, here’s who’s most at risk in the next 12 months.

By Cara Salpini • Oct. 2, 2023

‘Shock and dismay’: Bankrupt Mitchell Gold has thousands of furniture shipments stuck in logistics limbo

Ryder and other providers are storing millions of dollars worth of products in warehouses as they await payment from a company that is out of cash.

By Ben Unglesbee • Sept. 28, 2023

Rite Aid could close hundreds of stores in possible bankruptcy: WSJ

The drugstore retailer is in negotiations with creditors over a plan that could see nearly a quarter of its stores shutter, The Wall Street Journal reported.

By Nate Delesline III • Sept. 25, 2023

Furniture-maker Noble House falls into bankruptcy, owes overseas suppliers millions

The company, which sells to some of the largest U.S. retailers, suffered from rising costs and disruptions in its supply chain. 

By Ben Unglesbee • Sept. 25, 2023

Soft Surroundings files for bankruptcy, will close all stores

Rival Coldwater Creek, which is buying the remaining assets, will sell the women’s apparel brand online and via catalogs.

By Daphne Howland • Sept. 18, 2023

Bankruptcy court approves Party City exit plan, slashing nearly $1B in debt

The company specializes in making and selling products for celebrations and took a hit when those fell off during the height of the pandemic.

By Daphne Howland • Sept. 7, 2023

Amazon brand incubator Benitago files for bankruptcy

The company has faced a reversal in the rapid growth it saw early in the pandemic as consumer trends shifted in the years since.

By Dani James • Sept. 1, 2023

Furniture maker Mitchell Gold + Bob Williams shuts down over inability to secure ‘critical financing’

The company, which was acquired by private equity firm The Stephens Group in 2014, closed despite a recent $20 million investment by the firm.

By Nate Delesline III • Aug. 30, 2023

Rite Aid reportedly preparing Chapter 11 bankruptcy filing

A filing could help the retailer restructure $3.3 billion in debt and address a slew of lawsuits alleging it unlawfully filled opioid prescriptions.

By Nate Delesline III • Aug. 28, 2023

Tapestry revenues decline in North America

Coach, Tapestry’s largest brand, was the highest performer during the quarter, and it showed a 3% sales increase to $1.2 billion.

By Laurel Deppen • Aug. 18, 2023

Consumer product maker Amyris files for bankruptcy, lays off another 260 workers

The biotech company’s entire portfolio of brands, which includes JVN, Biossance and Rose Inc., is also up for sale.

By Daphne Howland • Aug. 11, 2023

Bed Bath & Beyond’s Etlin: Lessons for CFOs staring down bankruptcy

With the messy task of closing hundreds of Bed Bath & Beyond stores poised to be completed this month, the home-goods retailer’s Holly Etlin reflects on her role as a kind of “uber CFO.”

By Maura Webber Sadovi • July 31, 2023

Authentic Brands Group acquires Rockport out of bankruptcy

The brand conglomerate sees an opportunity to expand the footwear company's assortment into a "full lifestyle offering."

By Nate Delesline III • July 26, 2023

BuyBuy Baby IP buyer wins bid on 11 store leases

The move may position online retailer and vendor Dream on Me to expand into brick-and-mortar operations. 

By Nate Delesline III • July 24, 2023

Bankruptcy judge OKs sale of BuyBuy Baby brand and digital assets for $15.5M

The distressed retailer’s brick-and-mortar stores are now slated to close after no bids materialized to keep them open.

By Nate Delesline III • July 12, 2023

Senators take aim at Bed Bath & Beyond stock buybacks, lack of worker severance

Democratic lawmakers Cory Booker and Elizabeth Warren criticized the retailer for spending $11.8 billion in buybacks since 2004 and are questioning the company's worker severance practices. 

By Nate Delesline III • July 11, 2023