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“#Century 21 plans hundreds of layoffs ahead of store closings” Bankrupt off-price retailer Century 21 plans to lay off hundreds of workers when its 13 stores close for good in the coming weeks, records show. The beloved chain, which carried high-end brands at bargain prices, will shut its New York, Pennsylvania and Florida stores by…
“#How a blast from the past could save NYC again” If you want to watch Movies or TV series visit the Dizi.BuradaBiliyorum.Com Forty-five years ago this month, then-Gov. Hugh L. Carey and the state Legislature passed a landmark law, the Financial Emergency Act, designed to rescue Gotham from imminent bankruptcy. The law created the state…
“#Senators slam bonuses for execs of OxyContin maker Purdue Pharma” If you want to watch Movies or TV series visit the Dizi.BuradaBiliyorum.Com Five US senators want a federal judge to stop disgraced opioid seller Purdue Pharma from paying top executives up to $9.8 million in bankruptcy bonuses. The Democratic lawmakers said they’re particularly concerned about…
“#Sizzler steakhouse chain files for bankruptcy amid COVID-19” If you want to watch Movies or TV series visit the Dizi.BuradaBiliyorum.Com Even Sizzler has lost its sizzle amid the COVID-19 pandemic. The steakhouse chain known for its grilled meats and giant salad bars filed for bankruptcy Monday after the coronavirus pandemic shuttered its restaurants and strained…
“#Judge rejects Hertz’s ‘offensive’ bankruptcy bonus plan” If you want to watch Movies or TV series visit the Dizi.BuradaBiliyorum.Com A federal judge blasted bankrupt car-rental firm Hertz’s proposal to pay top executives millions of dollars in bonuses as she shot down the plan Thursday. US Bankruptcy Judge Mary Walrath directed the beleaguered company to revise…
“#Majority of COVID-19 business closures are permanent: report” If you want to watch Movies or TV series visit the Dizi.BuradaBiliyorum.Com Nearly 60 percent of businesses that closed nationwide during the COVID-19 pandemic are never reopening again, according to a report. The vast majority of those businesses are restaurants and gift stores, according to Yelp’s Local…
“#New York Sports Clubs’ bankrupt owner secures $20 million loan” If you want to watch Movies or TV series visit the Dizi.BuradaBiliyorum.Com Town Sports, the bankrupt owner of New York Sports Clubs, secured $20 million in financing from its lenders to keep it afloat while it searches for a buyer. The tentative deal comes just…
“#Chuck E. Cheese wants to destroy 7 billion prize tickets amid bankruptcy” The ultimate Chuck E. Cheese motherlode could be headed for the shredder. The kid-friendly arcade’s parent company wants to destroy about 7 billion prize tickets that have piled up in its supply chain so they don’t fall into the hands of greedy gamers….
“#J.Crew expects to emerge from bankruptcy in early September” J.Crew Group said Tuesday it expects to emerge from Chapter 11 in early September, after a bankruptcy court accepted its restructuring plan. The plan, approved by a Virginia federal court, will equitize over $1.6 billion of secured debt, and provide for $400 million in asset-based loans…
“AMC issues ‘going concern’ warning, Cinemark predicts woes until 2022” Two large movie theater owners issued dire warnings on Wednesday about their ability to bounce back from the coronavirus. AMC, the nation’s biggest cinema chain, said in a regulatory filing that there’s a “substantial doubt” about its ability to “continue as a going concern for…