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Tag: bankruptcy

Parent of Papyrus files for bankruptcy

Get great content like this right in your inbox. Subscribe Greeting card and stationery company Schurman Fine Papers is shutting down its retail store operations. The parent company of the Papyrus, American Greetings and Carlton Card store chains has filed for Chapter 11 bankruptcy protection with plans to close all its 254 locations in the U.S. …

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Fairway Market files for bankruptcy; to sell all stores

Get great content like this right in your inbox. Subscribe Fairway Market has filed for bankruptcy for the second time in four years. The legendary, 87-year-old New York grocer said it filed for Chapter 11 bankruptcy protection to complete its strategic sale process. The announcement came just hours after Fairway denied a published report that …

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Fast-food chain Krystal files for bankruptcy

One of the nation’s oldest fast-food chains has filed for bankruptcy protection.  The Krystal Co. has filed for Chapter 11 bankruptcy protection, citing debts of between $50 million and $100 million. The company, which closed about 44 locations during 2019, previously filed for bankruptcy in the 1990s. “We look forward to emerging from this process …

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Fairway files for Chapter 11 bankruptcy, will close some stores

New York-based grocery chain Fairway Market has filed for Chapter 11 bankruptcy protection and plans to shut up to five of its 14 locations, along with a distribution center. The company said Thursday morning that ShopRite and Gourmet Garage owner Village Super Market has agreed to make a stalking horse asset purchase of as much …

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NY grocer Fairway says no plans to file for Chapter 7 bankruptcy

New York-based grocery chain Fairway Market said Wednesday morning it has no plans to file for Chapter 7 bankruptcy, following a report that said it was preparing to do so. “Despite reports, Fairway Market has no intention to file for chapter 7 or liquidate all of its stores,” a spokesman told CNBC in an emailed …

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Payless ShoeSource exits bankruptcy; hints at U.S. comeback

Payless ShoeSource has emerged from bankruptcy protection with a plan to expand its global operations. The discount footwear retailer filed for Chapter 11 bankruptcy protection in February 2019, and went on to close its approximately 2,500 stores in North America and shut down its e-commerce operations. (Payless international stores were not affected by the filing.) …

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Payless ShoeSource emerges from bankruptcy—again

A pedestrian walks by a Payless Shoe Source store on April 5, 2017 in San Francisco. Getty Images Payless ShoeSource said Thursday it has emerged from Chapter 11 bankruptcy protection for a second time, with a renewed focus on its international operations. It last filed for bankruptcy in February 2019 and ultimately shut down all …

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Pier 1 to close nearly half its stores as bankruptcy rumors persist

Pier 1 Imports on Monday said it intends to shut up to 450 locations, or almost half of its fleet of 942 stores, as it unexpectedly reported quarterly earnings amid bankruptcy rumors.  Pier 1’s losses have been mounting, as its sales decline. And this latest quarter was no exception. Its third-quarter loss widened from a year …

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Bumble Bee files for bankruptcy

Bumblebees chunk light tuna can food. Geri Lavrov | Getty Images Tuna maker Bumble Bee Foods said Thursday that it has filed for Chapter 11 bankruptcy protection, with an agreement from Taiwan-based FCF Fishery, its largest creditor, to purchase its assets for roughly $925 million. The bankruptcy proceedings are meant to reduce Bumble Bee’s debt …

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Barneys store liquidation sales to begin soon, bankruptcy deal closes

A Barney’s store stands in lower Manhattan on August 06, 2019 in New York City. Barneys, one of America’s most exclusive clothing stores, has filed for bankruptcy. Spencer Platt | Getty Images Store liquidation sales at Barneys New York will begin soon, according to a release issued Friday. Private sales will begin next week for …

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