Remington, America’s oldest gun manufacturer, announced on Monday that it is filing for Chapter 11 Bankruptcy protection. The expected bankruptcy filing, announced by parent company Remington Outdoors on Monday, caps a remarkable fall for America’s oldest gun manufacturer, which was founded in 1816.
Clothing boutique Charming Charlie has entered into Chapter 11 Bankruptcy. According to the company: To achieve our financial objectives, Charming Charlie voluntarily filed for Chapter 11 in the United States Bankruptcy Court for the District of Delaware. We are confident that by reducing the size and scale of our business, we can focus on the
Gander Mountain has emerged from Chapter 11 bankruptcy as Gander Outdoors. Under ownership of Camping World, Gander Mountain has begun opening stores under the title “Gander Outdoors,” including one that opened on Wednesday in Lakeville, MN, which had previously been a Gander Mountain location. The company plans to open 55 to 65 Gander Outdoors stores
Winn Dixie’s parent company, Southeastern Grocers, could be nearing bankruptcy proceedings. Citing sources familiar with ongoing debt negotiations, Grocery Headquarters reports Southeastern Grocers, which owns the Bi-Lo, Winn-Dixie and Harveys chains, is considering filing for Chapter 11 bankruptcy restructuring. The company has hired outside advisers to help as it seeks to refinance $1 billion in debt.
The owner of an Embassy Suites in Louisville, Kentucky has filed for chapter 11 bankruptcy protection. According to reports: The hotel has four or more star ratings on websites including Expedia, TripAdvisor and Yelp. Through the bankruptcy proceeding, the 304-room hotel will be put up for sale to repay stakeholders at least some of their
The City of Hartford, Connecticut is headed towards bankruptcy, according to a new report by the New York Times. According the the Times: The problems in Hartford are similar to some other cities across the United States that have sought relief through bankruptcy: its tax base and population have shrunk and its pension obligations and
IHeartMedia, the online radio and media company is apparently close to bankruptcy after a big loss in the second quarter following a string of losses before that. According to mysanantonio : iHeartMedia Inc. lost $174 million in the second quarter as the radio, billboard and digital giant edged closer to bankruptcy, struggling under more than $20
Gymboree has filed for Chapter 11 bankruptcy. The source is cbsnews.com. According to the children’s clothing retailer, as part of the restructuring they will be closing 350 stores. The company also owns Crazy 8 and Janie and Jack brand stores. The official company statement: The Gymboree management team is confident that this financial restructuring is
One in six NFL players file for bankruptcy. The source is cbsnews.com. According to CBS News: Taken in total, almost 16 percent of the players studied declared bankruptcy during the first twelve years of retirement. The bankruptcies did not correlate with the amount of money made over a career or the length of time in
Nearly a third of all lottery winners declare bankruptcy. The source is fortune.com. According to Fortune: …nearly a third of lottery winners declare bankruptcy—meaning they were worse off than before they became rich. Other studies show that lottery winners frequently become estranged from family and friends, and incur a greater incidence of depression, drug and