Streetbeat News

Bankruptcy

TCS

The Container Store has filed for Chapter 11 bankruptcy protection due to reduced consumer spending on home remodeling amidst inflation concerns.

Portfolio Pulse from

December 23, 2024 | 2:00 pm

AILE

iLearningEngines has voluntarily initiated Chapter 11 proceedings to reorganize its finances while continuing its operations.

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December 23, 2024 | 1:15 pm

TCS

The Container Store Group, Inc. has announced a recapitalization transaction to strengthen its financial position and support growth. The company and some subsidiaries have filed for Chapter 11 protection.

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December 23, 2024 | 4:45 am

GOEV

Canoo, an electric van startup, has placed its remaining employees on a 'mandatory unpaid break' until at least the end of the year, indicating financial struggles.

Portfolio Pulse from

December 20, 2024 | 11:45 pm

PRTYQ

Party City, a major party supplies retailer, is permanently closing its doors after 40 years in business. The company operates over 700 stores across North America.

Portfolio Pulse from

December 20, 2024 | 10:30 pm

PRTYQ

Party City announced it will close all its stores and has initiated corporate layoffs due to ongoing financial challenges. The company had previously filed for bankruptcy less than two years ago due to $1.7 billion in debt.

Portfolio Pulse from

December 20, 2024 | 8:00 pm

BIGGQ

Big Lots announced it will conduct going-out-of-business sales at its remaining stores as it seeks a new buyer, following an unsuccessful deal with a private equity firm.

Portfolio Pulse from

December 20, 2024 | 5:45 pm

BIG

Big Lots has announced a going-out-of-business sale after its acquisition by Nexus Capital Management fell through. The company, which has already closed 400 stores this year, will begin sales at its remaining 900 stores.

Portfolio Pulse from

December 20, 2024 | 4:15 pm

CS

Switzerland released a parliamentary report on the collapse of Credit Suisse, raising concerns about the country's financial stability and prompting questions about the causes of the collapse.

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December 20, 2024 | 10:00 am

BIG

Big Lots is starting 'going out of business' sales at its remaining locations as it does not expect to close the sale to Nexus Capital. This follows the company's Chapter 11 bankruptcy proceedings.

Portfolio Pulse from

December 20, 2024 | 6:30 am