#financial-restructuring

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Post Office faces backlash over potential closure of 115 branches as jobs and services are at risk

Potential closure of 115 Crown Post Office branches threatens 1,000 jobs amidst efforts to achieve financial stability and address community reliance on these services.

The Pro's Closet Is Back: Leading Used Bike Retailer Returns Today

TPC is rebooting under new management and private equity backing after nearly shutting down, focusing on buying used bicycles to recover its business.
#bankruptcy

TGI Fridays bankruptcy update: Will more restaurant locations close amid Chapter 11?

TGI Fridays filed for Chapter 11 bankruptcy due to COVID-19-related financial difficulties, aiming for long-term brand success.

Spirit Airlines is not going bankrupt . . . yet

Spirit Airlines is not filing for bankruptcy currently but faces significant financial challenges and debt obligations.
The airline's stock and operations are heavily impacted by a recent failed merger and ongoing debt crisis.

Big Lots Bankruptcy Filing: Retailer Secures $707.5 Million Commitment Amid Restructuring Efforts

Big Lots filed for Chapter 11 bankruptcy due to financial pressures from declining sales and high debt, seeking stability for a restructuring.
The company secured $707.5 million to support its operations during bankruptcy and has a stalking horse agreement with Nexus Capital Management.

Red Lobster announces another round of closings

Red Lobster is closing 23 more locations following bankruptcy to address financial challenges and improve operations.

WeWork Wants to Keep 10 More Leases in LA and OC

WeWork aims to maintain most of its locations in Los Angeles and Orange County post-bankruptcy, undergoing lease renegotiations with landlords.

Red Lobster files for bankruptcy but will stay open

Red Lobster filed for Chapter 11 bankruptcy citing plans to simplify the business, reduce locations, and pursue a sale of assets.

TGI Fridays bankruptcy update: Will more restaurant locations close amid Chapter 11?

TGI Fridays filed for Chapter 11 bankruptcy due to COVID-19-related financial difficulties, aiming for long-term brand success.

Spirit Airlines is not going bankrupt . . . yet

Spirit Airlines is not filing for bankruptcy currently but faces significant financial challenges and debt obligations.
The airline's stock and operations are heavily impacted by a recent failed merger and ongoing debt crisis.

Big Lots Bankruptcy Filing: Retailer Secures $707.5 Million Commitment Amid Restructuring Efforts

Big Lots filed for Chapter 11 bankruptcy due to financial pressures from declining sales and high debt, seeking stability for a restructuring.
The company secured $707.5 million to support its operations during bankruptcy and has a stalking horse agreement with Nexus Capital Management.

Red Lobster announces another round of closings

Red Lobster is closing 23 more locations following bankruptcy to address financial challenges and improve operations.

WeWork Wants to Keep 10 More Leases in LA and OC

WeWork aims to maintain most of its locations in Los Angeles and Orange County post-bankruptcy, undergoing lease renegotiations with landlords.

Red Lobster files for bankruptcy but will stay open

Red Lobster filed for Chapter 11 bankruptcy citing plans to simplify the business, reduce locations, and pursue a sale of assets.
morebankruptcy
from Inside Higher Ed | Higher Education News, Events and Jobs
2 weeks ago

Struggling N.Y. college to sell all or part of Manhattan campus

MCNY is selling part or all of its Manhattan campus due to financial difficulties and underutilization.
The college plans to defer a debt payment while restructuring its operations.

Tahoe developers narrowly avoid foreclosure on Waldorf Astoria project

EKN Development is progressing with transforming Tahoe Biltmore into Waldorf Astoria despite prior financial issues.

Audacy Completes Financial Restructuring - Podcaster News

Audacy has successfully completed a major financial restructuring, reducing its debt by 80% and positioning itself as a leader in the audio industry.

Atos liveblog: deadline with French government passes without takeover deal

Atos is seeking a new proposal to acquire essential parts of the company while addressing ongoing financial struggles and restructuring efforts.

Alaska Air gets credit rating knocked down to junk status

Alaska Air Group's credit rating downgraded to junk status, reflecting concerns over increased secured debt and reduced financial flexibility.
Moody's highlights potential future downgrades as company transitions to secured debt.
#job-cuts

Paramount Lays Off 15 Percent of U.S. Employees

Paramount is set to reduce staff by 15% due to industry shifts, aiming to cut annual costs by $500 million.

France's Casino supermarket chain to cut 3,200 jobs following takeover

France's Casino supermarket chain is cutting jobs following a takeover by Daniel Kretinsky to improve financial situation.

Paramount Lays Off 15 Percent of U.S. Employees

Paramount is set to reduce staff by 15% due to industry shifts, aiming to cut annual costs by $500 million.

France's Casino supermarket chain to cut 3,200 jobs following takeover

France's Casino supermarket chain is cutting jobs following a takeover by Daniel Kretinsky to improve financial situation.
morejob-cuts
#chapter-11-bankruptcy

LL Flooring is closing stores in bankruptcy: Full list and map of 94 doomed locations

LL Flooring Holdings, Inc. is filing for Chapter 11 bankruptcy and closing 94 stores across 31 states.

Blink Fitness, an affordable gym operator owned by Equinox, files for Chapter 11 bankruptcy

Blink Fitness filed for Chapter 11 to aid in the business' sale but aims to continue operations with minimal disruption.

Red Lobster files for bankruptcy but will stay open

Red Lobster has filed for Chapter 11 bankruptcy, seeking to simplify the business, reduce locations, and pursue a sale of assets.

LL Flooring is closing stores in bankruptcy: Full list and map of 94 doomed locations

LL Flooring Holdings, Inc. is filing for Chapter 11 bankruptcy and closing 94 stores across 31 states.

Blink Fitness, an affordable gym operator owned by Equinox, files for Chapter 11 bankruptcy

Blink Fitness filed for Chapter 11 to aid in the business' sale but aims to continue operations with minimal disruption.

Red Lobster files for bankruptcy but will stay open

Red Lobster has filed for Chapter 11 bankruptcy, seeking to simplify the business, reduce locations, and pursue a sale of assets.
morechapter-11-bankruptcy

Steelers 2024 Offseason Roster Rebuild Has Resulted In Cash Savings To Date

The Pittsburgh Steelers have made significant changes to their roster, particularly in the quarterback room with three new additions.
The team has managed to reduce its projected cash spending for 2024 by over $6 million since early February, showcasing a surprising financial restructuring.

Body Shop Canada to lay off 200 workers after parent company took its cash, court docs show | CBC News

The Body Shop Canada seeking creditor protection due to parent company's actions
Company closing one-third of stores and laying off employees as part of restructuring
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