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Here are 12 well-known companies that went bankrupt in 2024. Jordan Valinsky, CNN ... The discount retailer recently announced that its deal to sell itself to a private equity firm had fallen ...
Rebranded MCI, it emerged from bankruptcy in 2004 and the assets were bought by Verizon. Parmalat: Italy: 24 Dec 2003: Food: The company's finance directors concealed large debts. MG Rover Group: United Kingdom: 15 April 2005: Automobiles: After diminishing demand, and getting a £6.5m loan from the UK government in April 2005, the company went ...
KidKraft, a toy company, filed for Chapter 11 bankruptcy and said it would sell its U.S. and Canadian assets to Backyard Products. It has been in business for more than 50 years.
The telehealth orthodontics company shut down in December, less than three months after filing for Chapter 11 bankruptcy. The company sold teeth aligners, with the typical course taking 4-6 months.
The following private equity firm or hedge fund owned companies have filed for bankruptcy protection: A&P (grocery chain) [1] Brookstone [2] Envision Healthcare [3] Friendly's [1] GenesisCare [3] Instant Brands (maker of Instant Pot and Pyrex) [4] Kmart [5] Party City [6] Payless Shoe Source [2] Prospect Medical Holdings [7] RadioShack [2] Red ...
It went bankrupt in 2001 and stopped paying rebates. [11] Digex: one of the first Internet service providers in the United States, its stock price rose to $184 per share; the company was acquired for $1 per share a few years later. [12] Digital Insight: Its shares soared 114% on its first day of trading.
The company had grown rapidly in recent years, but pandemic-related closures in 2020 kept stores dark during big holidays like Easter and Mother's Day. ... Many mall-based retailers went bankrupt ...
The collapse and bankruptcy of fintech middleman Synapse in May has left more than 100,000 Americans locked out of a collective $90 million of their own money, prompting a class action lawsuit.