On the Border Mexican Grill & Cantina filed for bankruptcy protection this week as it struggled to compete in the macroeconomic environment. The Tex-Mex chain, owned by Argonne Capital Group, filed for Chapter 11 bankruptcy protection in the United States Bankruptcy Court for the Northern District of Georgia earlier this week after reportedly shuttering 40 locations. According … Read more
The number of restaurant chains that have filed for bankruptcy this year grew on Wednesday after BurgerFi International filed for Chapter 11 protection. The company said it filed for Chapter 11 reorganization to “preserve the value” of its BurgerFi and Anthony’s Coal Fired Pizza & Wings brands “for all stakeholders.” Only its corporate-owned BurgerFi and … Read more
After months of dozens of restaurant closings and headlines about “endless shrimp” woes, Red Lobster is poised to soon exit from Chapter 11 bankruptcy protection. A US bankruptcy judge on Thursday approved the casual seafood chain’s reorganization plan and sale to a lender group led by asset manager Fortress. The green light arrives under just … Read more
Let’s hope “Endless Shrimp” won’t be the end of Red Lobster Times Square. The once-thriving national seafood chain closed at least fifty of its roughly 650 US locations this week. Among them were fourteen outposts in New York State and New Jersey — and more might follow. The chain, whose majority owner is seafood supplier … Read more
New York Post may be compensated and/or receive an affiliate commission if you buy through our links. Express is on the fast track out of malls across America. The multi-brand fashion retailer, whose portfolio includes Bonobos and UpWest, filed for Chapter 11 bankruptcy on Monday. The company plans to close over 100 stores across the … Read more
If you dream it, you can do it — or maybe just go broke. Manifesting — the suddenly trendy practice of thinking aspirational thoughts or ideas “cosmically attract” success — might not be as harmlessly woo-woo as it’s hyped up to be. Those who believe in the practice of manifesting are at higher risk of … Read more
Being a Sackler is not what it used to be. Prior to 2019, when a slew of lawsuits maintaining that the billionaire clan had profited from the opioid crisis that the family’s Purdue Pharma allegedly helped create, the Sacklers were everywhere: Socializing at galas, swanning around the Hamptons, dropping big bucks on a wing at the … Read more
Facing hundreds of lawsuits accusing the Catholic Church of enabling child sexual abuse, the Roman Catholic Archdiocese of San Francisco filed for bankruptcy Monday in an effort to facilitate any potential settlements. The filing of Chapter 11 in a San Francisco court will allow the diocese to halt the lawsuits while it develops a plan to hold … Read more
There’s a metaphor for the tax collector in here somewhere. A granny in Malaysia hit rock bottom in an unusual way after she had her entire life savings completely devoured by termites. A Facebook post detailing her unfortunate route to rock bottom is currently blowing up online. According to her grandson, Khairul Azhar, who uploaded … Read more
Johnson & Johnson’s shares rose nearly 4% to hit a near two-month high of $164.48 on Wednesday as the company’s $8.9 billion offer to settle talc-related lawsuits gained support of thousands of claimants, easing an overhang on its plans to list consumer health unit Kenvue. Some analysts were positive about the new settlement that is far bigger than the original … Read more
Abby Lee Miller is back to find the next generation’s JoJo Siwa and Maddie Ziegler. The brash 57-year-old dance instructor at the core of Lifetime’s “Dance Moms” teased the show’s return in a new interview with Pop Crave. “‘Dance Moms’ Season 9 won’t be on the same network. It will be on a different streaming service,” … Read more