The fast-food industry has faced financial distress since the Covid-19 pandemic derailed the sector in 2020 as many ...

TGI Fridays raised $34.5 million for repayment through its sale to restaurant operator Mera Corp., Reuters reports. Mera ...

Seven of the nine workers owed money from as far back as May have been paid, according to farm labor advocates, who raised alarm over the case late last year.

Weeks after Focus Healthcare Partners offered $80 million to purchase a bankrupt upscale continuing care retirement / life plan community on Long Island, a judge has declined to accept the offer ...

A for-profit California company has reached an agreement to acquire a bankrupt Mercer County hospital that was scheduled to close Monday.

Insolvent German electric aircraft manufacturer Lilium is to receive €200 million ($206 million) from the investor consortium ...

At least 19 companies have cut a combined 14,000 jobs because of bankruptcies, according to Challenger, Gray & Christmas, an ...

Cancun-based Mera Corp. outbid former Fridays’ CEO Ray Blanchette for a group of nine locations, including five at the Dallas ...

Less than 10 days after Big Lots announced a purchase agreement had fallen through, the discount retailer has agreed to a new ...

Bankrupt restaurant chain TGI Fridays received court approval on Thursday to sell nine of its 39 corporate-owned locations, ...

Rising interest rates, inflation, higher labor costs, and post-pandemic shifts in consumer spending were common factors cited ...

Bankrupt retailer Big Lots Inc. won court approval of a rescue deal to save some of its stores from shutting down despite ...