Rising inflation since the Covid-19 pandemic has severely impacted the restaurant industry, forcing certain chains to…
Tag: bankruptcy
Award-winning ice cream shop chain files Chapter 11 bankruptcy
The ice cream retail sector faced serious disruptions over the last year, which included major chain…
Mexican chain near bankruptcy, 47 restaurants in danger
Restaurant operators face a perfect storm of rising costs and declining customer spending. “Well, we’ve seen…
Troubled convenience store chain files for Chapter 11 bankruptcy
Convenience store chains face many of the same challenges as grocery store chains and other retailers,…
High-end salon chain files for Chapter 11 bankruptcy
The beauty industry has faced economic issues that the rest of the retail sector has faced…
Luxury retailer cuts 16% corporate jobs as bankruptcy exit nears
Luxury retail giant Saks Global is moving closer to a bankruptcy exit, but its restructuring is…
Texas winery files for Chapter 12 bankruptcy to settle debt
A five-year decline in sales in the wine industry has impacted wineries across the spectrum, from…
78-year-old furniture company stops production, plans bankruptcy
Declining furniture sales, as a result of a multi-year housing slump, and rising product and labor…
Home Depot kitchen and bath rival files for Chapter 11 bankruptcy
Home improvement and hardware stores have faced economic issues in the last year that have led…
Joburg mom faces bankruptcy over R2.9m water bill
Jenny-Lee Bot rents out a house in Dainfern, Johannesburg. The income from the property is needed…
41-year-old cosmetics company files for Chapter 11 bankruptcy
Fierce competition is one of the biggest challenges for the cosmetics sector, which consists of 5,085…