Saks Global, parent of high-end department store chain Saks Fifth Avenue, is weighing Chapter 11 bankruptcy as a last resort, Bloomberg News reported on Monday, citing people familiar with the matter.

The United States liquor industry has faced problems on multiple fronts. First, Americans just aren't drinking as much as they used to. "The percentage of U.S. adults who say they consume alcohol has ...

Two affiliates of Apple Tree Partners have filed for bankruptcy, a move designed to continue funding the venture firm's portfolio biotechs as a funding dispute with a top investor plays out. Yesterday ...

Several furniture chains filed for bankruptcy in 2025 due to financial distress. A major furniture chain franchisee filed for Chapter 11 bankruptcy. A lender's foreclosure proceedings led the ...

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M&M Custard, a prolific Freddy’s Frozen Custard & Steakburgers franchisee, has declared Chapter 11 bankruptcy in the U.S. Bankruptcy Court for the District of Kansas. The company, based in Overland ...

The company’s portfolio includes brake solutions, filtration products, and replacement brake components, among others. Credit: Palplaner/Shutterstock.com. US auto parts manufacturer First Brands Group ...

Sept 29 (Reuters) - Chipmaker Wolfspeed (WOLF.N), opens new tab said on Monday it has exited Chapter 11 bankruptcy after cutting its total debt by nearly 70% and lowering annual cash interest expense ...

A federal judge reversed a bankruptcy plan for information-technology provider ConvergeOne Holdings, ruling it unfairly discriminated against some creditors by limiting an equity rights offering to ...

CVS Health subsidiary Omnicare has filed for Chapter 11 bankruptcy due to issues related to its recent litigation in the U.S. District Court for the Southern District of New York, the company said ...

Dr. Phil‘s desire to move his cratered Merit Street Media into bankruptcy and continue his breach of contract lawsuit against ex-partner Trinity Broadcasting Network looks to have become all about ...

Food Concepts International, Abuelo's International L.P. and affiliates, owner of the Abuelo’s Mexican Food Embassy restaurant chain, have filed for Chapter 11 bankruptcy protection in the Texas ...