The fast-food industry has faced financial distress since the Covid-19 pandemic derailed the sector in 2020 as many ...
Insolvent German electric aircraft manufacturer Lilium is to receive €200 million ($206 million) from the investor consortium ...
Spirit Airlines, which filed for bankruptcy in November, has given investors a peek into its ongoing reorganization. As part ...
Bankrupt discount retail chain Big Lots says it will be able to keep hundreds of its stores open after executing a strategic ...
TGI Fridays raised $34.5 million for repayment through its sale to restaurant operator Mera Corp., Reuters reports. Mera ...
I don’t like being bullied,’ says Chala Fiske, 78, who reckons the land in question should be used to grow food instead ...
At least 19 companies have cut a combined 14,000 jobs because of bankruptcies, according to Challenger, Gray & Christmas, an ...
Spirit Airlines reported a $316.4 million loss in November as the Dania Beach-based discount airline (NYSE: SAVE) grapples ...
The Global Engagement Center, an office housed within the State Department and aiming to thwart disinformation and ...
Cancun-based Mera Corp. outbid former Fridays’ CEO Ray Blanchette for a group of nine locations, including five at the Dallas ...
Modell, 70, said he was at President-elect Donald Trump’s Mar-a-Lago resort on Dec. 19 when he got the idea to buy the legacy ...
Rising interest rates, inflation, higher labor costs, and post-pandemic shifts in consumer spending were common factors cited ...