Home Tags Bankruptcy

Tag: Bankruptcy

A Toys R Us store in Brooklyn.

Toys R Us will close all of its stores Friday

Toys R Us stores in the US are down to their last day as going-of-business sales end and the retail chain as we know it dies forever. Friday, June 29, will be the last day to shop.

Claire’s CEO made $2.7 million the year before the company filed for bankruptcy

Claire's, the iconic teen jewelry and accessories retailer known for its ear-piercing services, filed for bankruptcy protection in March and announced it would be closing 92 stores across the United States.
One of the lobbies for Toys R Us headquarters in Wayne, New Jersey.

Toys R Us is selling every piece of furniture from its closing headquarters that once housed 1,600 people, and the photos are depressing

Toys R Us is in the process of liquidating its US business, and that includes furniture and office supplies from its headquarters. "Everything must go, even Geoffrey," Toys R Us stated in an Instagram post announcing the sale.
Michael Jackson struggled with money.

18 celebrities who were rich and famous before losing all their money

Being a big musician or a giant Hollywood star who earns a lot of money sounds great, but many celebrities wind up having money problems. See examples of rich and famous celebrities who lost all their money. Some managed to bounce back, while others remain in financial trouble.

Toys R Us execs are leaving the company before all of its stores close in a ‘very unusual’ move

Toys R Us executives and most of its employees are leaving their jobs on Monday as the retailer holds clearance sales at its still-open stores. Toys R Us filed a motion to liquidate its US business in March.
Alexander Nix, the former CEO of Cambridge Analytica

Cambridge Analytica’s data may be sold to the highest bidder during bankruptcy

Assuming it still has them, the data Cambridge Analytica gleaned from Facebook and the psychological profiles it created from that data could be auctioned off to the highest bidder in its bankruptcy proceeding.
Tesla CEO Elon Musk.

All the ways that Tesla could go bankrupt in the next year

For the first time in ten years, a Tesla bankruptcy is being seriously discussed. Investors need to start thinking not just about the stock tanking from its current height, nearly 1,000% of the 2010 IPO price — they need to start thinking about being how they could get wiped out.

Retail defaults are at an all-time high — here are all the bankruptcies and liquidations so far in 2018

11 US retailers have already filed for bankruptcy or announced liquidations just four months into 2018.

Legendary US guitar-maker Gibson files for bankruptcy

Gibson Brands Inc f...

Toys R Us gift cards will expire in 2 days

Toys R Us gift cards, rewards dollars, and other loyalty perks will expire in 2 days.