Bankruptcies

As California's cannabis market expanded after legalization, several leading companies seemed poised for dominance. However, due to mismanagement, regulatory pressures and market saturation, many of these giants have collapsed. Here's a closer look at the industry's most notable failures. Get...

MedMen’s properties in Illinois, Nevada, and New York are moving closer to sales, but the outlook is not so promising in California and Massachusetts. The slow but steady closing up shop for MedMen Enterprises is proceeding under California-based receiver Richard Ormond, who filed an update...

The U.S. economy is on the precipice of a corporate bankruptcy wave, potentially leading to a significant increase in job losses, warns Danielle DiMartino Booth, a Wall Street forecaster. What Happened: Booth, the CEO of QI Research, noted that this is the highest number of bankruptcies recorded...

In a significant shift, corporate bankruptcies are rapidly increasing in most developed economies. This rise is attributed to the receding pandemic-era support and increasing borrowing costs. What Happened: As reported by the Financial Times on Monday, there has been a 30% upsurge in corporate...

Customers of Bed Bath & Beyond (NASDAQ: BBBY) have been accustomed to using the popular 20% off any single item coupons the retailer has mailed out for years. With the retailer filing for bankruptcy and ending the use of the coupon, customers could be searching for new places to shop...

Is retail in trouble? The answer certainly varies depending on who you ask and how they define retail. According to a Bloomberg report, there could be more than 8,000 store closures in 2017, which would surpass 2008's peak of around 6,200. Most recently, Payless Inc. said it will close hundreds of...