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More articles about: bankruptcy
The Robinsons Retail Group says it's business as usual for the company’s Philippine operations.
True Value, a 75-year-old American hardware store chain, has filed for Chapter 11 bankruptcy and will sell off all of its business operations to rival company Do It Best. In an announcement made last Monday (October 14), True Value Company ...
They 'plan to continue serving [their] valued customers.'
Tupperware Brands Corporation (NYSE: TUP), known for plastic food storage containers, filed for Chapter 11 bankruptcy in the District of Delaware last September 17, after years of declining sales and increasing competition. The company, founded in 1946 by chemist Earl Tupper, once ...
It's not to be confused with The Avon Company, which operates in the U.S.
Avon Products Inc. (API), a New York-based holding company of the Avon beauty brand, filed for Chapter 11 Bankruptcy in the District of Delaware on Monday, August 12. This action comes as the company seeks to address 386 talc-related lawsuits ...
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But company says business will run normally.
Beauty giant Revlon has filed for bankruptcy, the company announced on Friday (June 17). The American cosmetics maker put the blame on global supply chain disruptions that drove raw materials up as well as obligations to its lenders. In a news release ...
PAL is a survivor, company says.
Philippine Airlines (PAL) officially filed for Chapter 11 bankruptcy last week, but it still needs to be approved by the courts in the U.S. Company officials said chances that the restructuring program will be rejected are "very, very small." The country' ...
It may come by the end of May.
Philippine Airlines (PAL) is close to filing for Chapter 11 bankruptcy in the U.S., multiple news sources have reported since last week. A story by travel and aviation data services provider Cirium, published on FlightGlobal, quoted sources as saying the flag ...
The restaurant chain is the latest casualty of COVID-19.
California Pizza Kitchen is the latest restaurant chain to declare bankruptcy. The popular American casual food chain on Thursday (Friday night in Manila) said it plans to close unprofitable locations and reduce its long-term debt load, according to the Wall Street ...
The health and wellness company had been under financial pressure over the last few years.
This story was updated on June 25, 2020 to add a statement from the Philippines franchisee of GNC.The parent company of health and nutrition retail brand GNC has filed for Chapter 11 bankruptcy protection, blaming the coronavirus pandemic for its woes. ...
It’s the latest casualty of the coronavirus pandemic.
Hertz, a global car rental company that's over 100 years old, filed for bankruptcy protection on Friday (May 22), ostensibly due to the effects of the coronavirus pandemic. It's the latest large-scale company the virus has taken down in ...
And how is it different from insolvency?
Bankruptcy is increasingly becoming a familiar word while the planet grapples with the coronavirus. With most people still being advised to stay home, and businesses remaining shuttered because of lockdown orders from the government, it's becoming more and more difficult for ...
But it says filing will not affect franchised locations.
This article has been updated with an additional statement from Gold's Gym CEO Adam Zeitsiff and additional information from Gold's Gym Philippines President and CEO Mylene Dayrit.Gold's Gym, one of the world's most recognizable chain of fitness ...
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