Browsing: Bankruptcy
2023 was a worse year for corporate bankruptcies than 2020—and the highest since the GFC—after a stunning 72% surge, S&P Global finds
By Press Room
When much of the world’s economy shut down after the outbreak of COVID-19 in 2020, businesses across the U.S. were…
Neiman Marcus doubled down on working from anywhere after dumping half a billion feet of office space. It has no plans to turn back.
By Press Room
Things weren’t looking good for luxury retailer Neiman Marcus in the early pandemic. Nobody was shopping—nobody had anywhere to go…
Once high-flying SmileDirectClub, the startup some derided as ‘DIY dentistry’, is shutting down—here’s where that leaves its customers
By Press Room
Just months after filing for bankruptcy, SmileDirectClub announced it was shutting down its global operations and halting its teeth-aligner treatments.…
After rounds of layoffs and a CEO departure, online retailer Zulily says ‘financial instability’ has forced it to shut down
By Press Room
The online retailer Zulily is closing down, surprising customers and laying off hundreds of workers after efforts to salvage the…