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bankruptcy

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September 20, 2017
Tim Barrett, Senior Retailing Analyst: I’m not surprised by the fact that Toys ‘R’ Us filed for bankruptcy as these rumors have been circulating for the past week and its troubles in adapting to the post-recessionary economy were well documented. Abroad, it has found relatively more success, but it has been hamstrung by exchange rates […]
October 6, 2015
If you have been following the news on American Apparel over the past year, the filing for bankruptcy may be less shocking than the company’s banned advertisements on the back page of Vice magazine. The retailer once infamous for sexualised marketing campaigns and its transgressive attitude continue to be at the centre of scandal, but […]
September 20, 2017
In summer 2014, the Russian tourism industry was significantly affected by a number of serious bankruptcies of local tour operators. Six tour operators did not manage to solve their financial issues and declared bankruptcy. Many companies were unable to honour existing commitments – with more than 10,000 tourists left stranded in foreign destinations without return […]
March 18, 2014
Quiznos chapter 11 bankruptcy filing came as no surprise to anyone, as the company has been on a long, slow decline since before the recession. Since 2007, the sandwich chain has fallen in the global foodservice brand rankings from 30th to 71st, shrunk from 5,100 outlets to 2,600, given up more than half of its […]
January 3, 2012
On 29 November 2011, American Airlines filed for bankruptcy—the last legacy carrier in the US to do so after 11 September 2001. The aim of the filing is to cut labour costs and lower its debt.

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