Tuesday, 26 October 2021

Tag Archives: bankruptcy

Ruby Tuesday, hit by COVID, files for bankruptcy

WASHINGTON: Ruby Tuesday is filing for bankruptcy protection, the latest casual restaurant chain to suffer from coronavirus-related closures and changing consumer habits. The Maryville, Tennessee-based company, which was founded in 1972, said on Wednesday that its restaurants will remain open throughout the bankruptcy process. Ruby Tuesday has 250 company-owned and franchised ...

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UK court defers bankruptcy plea of banks against Vijay Mallya

LONDON: Indebted businessman Vijay Mallya has avoided being made bankrupt in the London high court after a judge adjourned the bankruptcy petition the Indian banks brought against him, slamming it as “by any measure extraordinary”. Chief Insolvency and Companies Court judge Briggs adjourned the petition for “at least six months”, ...

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USA Gymnastics files for bankruptcy after sex-abuse scandal

WASHINGTON: The embattled organization filed a Chapter 11 bankruptcy petition in an effort to reach settlements in the dozens of sex-abuse lawsuits it faces and to avoid its potential demise at the hands of the U.S. Olympic Committee. USA Gymnastics filed the petition in Indianapolis, where it is based. It ...

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Toys R Us faces bankruptcy

LONDON: Toys R Us UK could go into administration as early as next week, with around 3,200 jobs under threat. Directors from the struggling toy store chain are expected to make the move on Tuesday after failing to find a buyer. The toy company has already notified the Pension Protection ...

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Toys ‘R’ Us files for bankruptcy ahead of holiday season

NEW YORK: Toys ‘R’ Us Inc, the largest U.S. toy store chain, filed for bankruptcy protection late Monday, the latest sign of turmoil in the retail industry that is caught in a viselike grip of online shopping and discount chains. The Chapter 11 filing is among the largest ever by ...

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