-
The company behind the Logan’s Roadhouse and Old Chicago restaurant chains has reportedly fired thousands of workers as the coronavirus keeps its restaurants closed. CraftWorks Holdings — which filed for bankruptcy last month — axed almost all of its 18,000 employees this week after putting them on furlough in early March, the Wall Street Journal …
-
Dean & DeLuca, a pioneer fine-foods retailer in New York City for decades, has filed for Chapter 11 bankruptcy protection. The coronavirus pandemic pushed the 43-year-old grocer over the edge, according to court documents, but it hopes to sell its brand name — known for such luxury items as $165 tins of Siberian caviar — …
-
Bankrupt home-furnishings chain Pier 1 Imports has canceled plans to auction off its stores and other assets this week, according to court documents. The Fort Worth, Texas-based retailer pulled the plug on an auction that was slated for Tuesday “in light of the COVID-19 pandemic, increasing government shut-downs and overall unstable market conditions,” according to …
-
Neiman Marcus is reportedly considering bankruptcy as the luxury retailer wrestles with massive debts and coronavirus-related store closures. The Dallas-based company is in discussions with lenders about filing for bankruptcy, which could allow it to keep operating and reduce its debts while it works to cut costs, Bloomberg News reported Monday. Neiman Marcus has not …
The company behind the Logan’s Roadhouse and Old Chicago restaurant chains has reportedly fired thousands of workers as the coronavirus keeps its restaurants closed. CraftWorks Holdings — which filed for bankruptcy last month — axed almost all of its 18,000 employees this week after putting them on furlough in early March, the Wall Street Journal …
