Tattered Cover Book Store, one of the countrys largest and best-known independent bookstores, filed for reorganization under Chapter 11 Subchapter V in the U.S. Bankruptcy Court for the District of Colorado yesterday. According to the Denver Post, documents filed in the bankruptcy court show Tattered Cover was more than $660,000 in the red between January…
Companies Johnson & Johnson Follow Kenvue Inc Follow Novo Nordisk A/S Follow Oct 17 (Reuters) – Johnson & Johnson (JNJ.N) on Tuesday said it has embarked on a two-year restructuring program for its orthopedic business after third-quarter medical devices sales fell short of Wall Street expectations, reflecting the company’s narrowed focus since spinning off its…
Rite Aid has filed for bankruptcy protection under a voluntary court-supervised process through Chapter 11 of the US Bankruptcy Code. The company said it intends to restructure and reduce debt caused by opioid-related lawsuits.1 The Rite Aid Corporation announced that retail Rite Aid shops will continue to fill prescriptions and serve patients in store and…
Check out what’s clicking on FoxBusiness.com Rite Aid Corp. filed for Chapter 11 bankruptcy on Sunday in a financial restructuring effort that included the naming of new leadership as the drug retailer faces lawsuits on accusations of contributing to the opioid crisis. The company said in a news release it initiated a voluntary court-supervised bankruptcy…
Reuters. Rite Aid Corporation (NYSE:) said it has reached an agreement in principle with some senior secured noteholders on terms of a financial restructuring plan. The company filed for Chapter 11 bankruptcy on Sunday. Rite Aid has received a commitment for $3.45 billion in new financing to support business operations, and announced the acquisition of…
Rite Aid has filed for bankruptcy protection and plans to sell part of its business as it attempts to restructure while dealing with losses and opioid-related lawsuits. The company said Rite Aid stores will continue to fill prescriptions, and customers will still be able to visit its locations or shop online while it goes through…
Founders Dereck and Diti Hales The owners of Melbournes Bad Shepherd Brewing Co. have announced the decision to appoint an Administrator to help facilitate a financial restructuring of the business. Owners Dereck and Didi Hales have appointed DBA Advisory as Administrator, noting the company is supporting the continued operation of the business Bad Shepherds employees…
(Corrects paragraph 1 to say Honeywell is restructuring its business to focus on three broad trends, not restructuring business to three segments from four; also removes reference to new segments in paragraph 4) Oct 10 (Reuters) – Honeywell International is restructuring its business operations to focus on three broad business trends in its efforts to…
Oct 10 (Reuters) – Honeywell International (HON.O) is restructuring its business operations to focus on three broad business trends in its efforts to boost sales growth and reallocate capital, the company said on Tuesday. The development comes as aviation suppliers are seeing a faster-than-expected rebound in air travel. The Charlotte, North Carolina-based company’s shares were…
(Reuters) – Honeywell International is restructuring its business operations to focus on three broad business trends in its efforts to boost sales growth and reallocate capital, the company said on Tuesday. The development comes as aviation suppliers are seeing a faster-than-expected rebound in air travel. The Charlotte, North Carolina-based company’s shares were up 1.43%, at…