Tag archive for ‘bankruptcy’
Sima Ella On Wednesday, November 11th, 2020

U.S. bankruptcy court approves sale of J.C. Penney

JC Penney Simon Property and Brookfield, and J.C. Penney’s main creditors will become its new owners as it emerges from bankruptcy by Thanksgiving. JC Penny filed for Chapter 11 in bankruptcy More...

Shlomi Ella On Monday, February 3rd, 2020

The CEO who led the largest accounting fraud in history died – a month after his release

Bernard Ebbers, Chairman and CEO of WorldCom and member of the President’s National Security Telecommunications Advisory Committee (NSTAC) Bernard (Bernie) Ebbers, former chief executive of WorldCom, More...

Shai Genish On Monday, October 15th, 2018

Sears, The Retail Giant That Changed America, Declares Bankruptcy

Sears, the chain that changed the retail industry in America, has filed for Chapter 11 bankruptcy protection just after midnight early hours of Monday, ahead of the crucial holiday shopping season, The 132-year-old More...

Shirit Gal On Thursday, March 15th, 2018

Toys R Us to Close All US and UK Stores

  Six months after filing for bankruptcy protection in September in the US and one month after doing the same in the UK, Toys R Us, the toy superstore chain, is shutting down all 900 stores across US and More...

Gali Raz On Monday, February 26th, 2018

Weinstein Company to file for bankruptcy

  Weinstein company announced yesterday that it would file a bankruptcy suit after the collapse of negotiations for the sale its assets to a group of investors led by Maria Contras-Sweet, who was nominated More...

Shai Genish On Wednesday, January 24th, 2018

After Declaring Bankruptcy Toys ‘R’ Us Is Shuttering 180 U.S. Stores

  Toys ‘R’ Us Inc. said on Tuesday it will close about 180 U.S. stores in the coming months, as part of a reorganization plan to emerge from one of the largest ever bankruptcies by a specialty More...

Jewish Business News On Tuesday, November 15th, 2016

Russian Tycoon Sues Montenegro Over Aluminum Plant’s bankruptcy

Russian billionaire Oleg Deripaska‘s Central European Aluminium Company, CEAC, is suing Montenegro for “hundreds of millions of euros” over the failure of its plant in the capital Podgorica,  More...

American Apparel lay offs
Gil Tanenbaum On Tuesday, November 15th, 2016

American Apparel Files For Bankruptcy — Again!

  American Apparel, the clothing company founded by Dov Charney, is in bankruptcy for a second time in less than a year. The company filed for chapter 11 bankruptcy protection on Monday. The company More...

American Apparel lay offs
Gil Tanenbaum On Thursday, November 3rd, 2016

Dov Charney’s American Apparel Sinking Fast

American Apparel, the clothing company founded by Dov Charney, may be headed into bankruptcy — again. This just nine months after getting out of bankruptcy. Its stock is selling at all of $0.11 as More...

Niva Goldberg On Sunday, April 24th, 2016

Urbancorp files for bankruptcy in Canada

  Less than five months after raising NIS 180 million ($48 million) in Tel Aviv in a public bond offering, Canadian home builder company Urbancorp has announced restructuring proceedings, including More...

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