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Tag: File

Report: Mall Owners CBL & Associates and PREIT File for Bankruptcy as Pandemic Pressure Continues

Mall owners CBL & Associates and Pennsylvania Real Estate Investment Trust (PREIT) have each filed for Chapter 11 bankruptcy protection, according to CNBC. Mall owners have faced financial pressure stemming from low foot traffic, but while some have been forced into bankruptcy, others have been acquiring struggling retailers to help maintain rents. PREIT, the largest …

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CBL, PREIT file for bankruptcy as retail’s problems hit mall landlords

Retail turmoil unleashed by COVID-19 has made its way to landlords.  Two mall operators, PREIT and CBL & Associates Properties, filed for bankruptcy within 24 hours of each other. While neither Chapter 11 comes as a surprise, they both serve as a reminder that the financial stress in the industry is deep and spread among …

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Carluccio’s set to file for administration amid coronavirus shutdown | World news

The Italian restaurant chain Carluccio’s and the rent-to-own retailer BrightHouse are expected to be among the first high-street casualties of the coronavirus shutdown, putting about 4,400 jobs at risk. Carluccio’s is understood to be preparing to file for administration. FRP Advisory, the restructuring specialist, confirmed it was working with the chain, which has 73 branches …

Carluccio’s set to file for administration amid coronavirus shutdown | World newsRead More

McDonald’s workers file lawsuit to address workplace violence

An employee hands a drive-thru customer his order at a McDonald’s restaurant in Oak Brook, Illinois. Tim Boyle | Bloomberg | Getty Images Seventeen Chicago McDonald’s workers are suing the company, alleging that the fast-food chain has failed to address violence in the workplace. In May, McDonald’s workers filed a complaint with the U.S. Occupational …

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