There are some companies whose reputations speak for themselves—Enron, Lehman Brothers, Madoff, Theranos—where the scandals were so dishonorable you’d think there would be zero chance of a comeback. Well, you’d think. On Monday, a “new” Enron released a press release revealing its “relaunch” to “solve the global energy crisis” just in time for the 23rd … Read more
H-Food Holdings LLC, the parent company of contract manufacturer Hearthside Food Solutions, has filed for Chapter 11 bankruptcy protection. Despite its parent company’s legal and financial troubles, Hearthside Food Solutions plans to manufacture its snack favourites as usual. Hearthside Food Solutions, an American contract manufacturer, produces popular snack products like bars, baked goods, meal kits, … Read more
PARIS – Le Coq Sportif, the French athleticwear company that provided the uniforms for the country’s Olympic team, has been placed in receivership. Swiss parent company Airesis, which owns a 75 percent stake in the brand, has applied for judicial restructuring at the Paris Commercial Court. The company will undergo a six-month observation period under … Read more
Mumbai: The Department for Promotion of Industry and Internal Trade (DPIIT) has approved the ₹10,000-crore acquisition of Anil Ambani-promoted Reliance Capital by Hinduja Group-backed IndusInd International Holdings (IIHL), sources familiar with the development told ET. With this approval, all regulatory clearances required to finalise the transaction are now in place, said sources. IIHL had already … Read more
A group of unsecured creditors pushed to derail the sale of bankrupt gym chain Blink to a UK company after it won an auction over Planet Fitness, The Post has learned. Planet Fitness — the largest gym chain in the US with more than 2,000 locations — had made an 11th-hour bid to acquire Blink, … Read more
By Eliza Ronalds-Hannon, Reshmi Basu and Jonathan Randles | Bloomberg Franchise Group, the owner of brands including the Vitamin Shoppe, Buddy’s Home Furnishings and Pet Supplies Plus, filed for bankruptcy protection after months of losses and turmoil surrounding its backer B. Riley Financial Inc. The company, also known as FRG, filed under Chapter 11 in … Read more
DALLAS — Restaurant chain TGI Fridays filed for bankruptcy protection Saturday, saying it is looking for ways to “ensure the long-term viability” of the casual dining brand after closing many of its branches this year. The Dallas-based company filed for Chapter 11 bankruptcy protection in a Texas federal court. TGI Fridays Executive Chairman Rohit Manocha … Read more
Conspiracy theorist Alex Jones is seeking to protect his personal social media accounts from being sold in the upcoming auction of his Infowars media platform to pay more than $1 billion he owes relatives of the Sandy Hook Elementary School shooting, claiming selling those accounts would violate his privacy and deny him a chance to make a fresh start … Read more
Opening up a pie shop is hard enough. Throw in an abrupt closure from your crowdfunder, and that might make you crazy. That’s exactly what happened to Elias Lehnert, a fourth-generation piemaker who owns Legacy Pie Co., when Mainvest, a Massachusetts-based equity crowdfunding site, announced it was closing. At the end of May, Mainvest sent … Read more
Bankruptcy Judge Christopher Lopez says he doesn’t have the authority to intervene between the pair, suggests they find another court Subscribe to continue reading this article. Already subscribed? To login in, click here. Originally Published: October 23, 2024 at 7:12 p.m. Read original article here Denial of responsibility! Pioneer Newz is an automatic aggregator of … Read more
