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Content Tagged As bankruptcy

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  • Closing imminent for local Bed, Bath & Beyond stores

    June 21, 2023 7:19 PM

    BATON ROUGE - What could be its final sale ever is underway at Bed, Bath & Beyond stores, as the longtime home goods retailer winds down operations. Notices at stores and on the corporate website indicate all of the brand's outlets will be closing -- the result of a... more »
  • Party City unable to stem losses, files for bankruptcy

    January 18, 2023 1:50 PM

    BATON ROUGE - The nation's largest party-themed specialty chain has filed for bankruptcy, but said it has secured enough money to keep its stores open and running. Party City cited a debt of $1.7 billion in its regulatory filing. It follows several years of significant losses. Party City... more »
  • 'Bed, Bath & Beyond' teeters on brink of bankruptcy

    January 5, 2023 2:29 PM

    BATON ROUGE - Home goods retailer "Bed, Bath & Beyond" is hemorrhaging money and is nearing bankruptcy, company leaders said on Thursday. The well-known store chain said in a regulatory filing that it probably cannot continue to operate as it has in recent years. The company is considering a... more »
  • Popular eatery, Friendly's, files for bankruptcy and puts itself up for sale

    November 2, 2020 10:58 AM

    The latest popular restaurant chain to be devastatingly impacted by the COVID pandemic is the 85-year-old fast casual dining eatery, Friendly's; restaurant officials filed for Chapter 11 during the pandemic and announced Sunday that it would "sell substantially all of its assets" to a private hedge fund company that owns... more »
  • JC Penney's to close 154 of its locations this summer

    June 5, 2020 9:52 AM

    As hundreds of popular retail merchandisers announce their closures due to economic difficulties exacerbated by the COVID-19 pandemic, JC Penney's has become the latest retail giant to fall victim to financial difficulties. According to CNN , the brand is permanently closing 154 of its stores across 20 states this... more »
  • AMC theaters likely to file for Chapter 11 due to financial impact of health crisis

    April 10, 2020 7:48 AM

    After nearly a century of handing out popcorn and keeping movie-goers happy, AMC theaters is poised to file for bankruptcy. Variety reported that the pandemic, which has shuttered hundreds of the billion dollar company's theaters is the reason for the news. In a report Thursday, MKM Partners analyst... more »
  • Logan's Roadhouse workers abruptly fired with health benefits cut off

    April 8, 2020 9:21 AM

    Though some food industry workers find themselves busier than ever due to the pandemic's shuttering of most businesses, workers at Logan’s Roadhouse are experiencing the exact opposite. According to Restaurant Business , CraftWorks Holdings, which is the parent company to both Logan's Roadhouse and Old Chicago, notified its furloughed... more »
  • Forever 21 saved from bankruptcy, plans to relaunch

    February 20, 2020 10:02 AM

    Forever 21 has been saved from international bankruptcy by three buyers who want to expand internationally. According to the BBC , the new owners are Authentic Brands, Simon Property, and Brookfield Property. They want to keep most of the chain's 488 U.S. stores open. The company filed... more »
  • Hundreds of wedding dresses left by bankrupt Baton Rouge store selling for $300 or less Play Video

    February 27, 2018 3:37 PM

    BATON ROUGE – Bargain-priced wedding dresses will be for sale for two days as landlords try to clear out merchandise left behind by a bankrupt shop. Alfred Angelo abruptly closed last summer , leaving brides and bridal parties stuck. The closure was so swift that customers at the Towne... more »
  • Rent to own investment washed away after loan goes unpaid Play Video

    November 20, 2017 6:25 PM

    BATON ROUGE - A rent to own deal might have been too good to be true. Now a woman and her four grandchildren are likely going to be kicked out of their home. For at least the last year, the man who bought a home in Baton Rouge then... more »
  • HHGregg customer out thousands, not happy with limited returns Play Video

    April 13, 2017 7:17 PM

    BATON ROUGE - A woman bought thousands of dollars in appliances at HHGregg, but since the company filed for bankruptcy everything's gone south. Alarice Walker says she won't be seeing those appliances or her money. "Without the appliances we can't go back home," she said. In February,... more »

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