Category Archives: Business Bankruptcy

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Alfred Angelo Bridal Shops File For Bankruptcy

Alfred Angelo, a major retailer in the bridal gown market, has filed for bankruptcy on July 14, leaving a large number of brides to be panicking about their future wedding plans. All their branches have closed down in a huge number of areas. This abrupt decision left customers stranded and confused. Brides were left in……
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Children’s Clothing Retailer Gymboree Files for Bankruptcy

Joining a long list of brands scrambling to adapt, children’s clothing retailer Gymboree has filed for Chapter 11 bankruptcy protection. The announcement comes after the company has reportedly struggled with over $1.4 billion in debt. The bankruptcy first seeks to eliminate well over $900 million in debt. Initial plans outlined in the bankruptcy filing express……
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Japanese Airbag Maker Takata Files for Bankruptcy

Japanese airbag manufacturer Takata has announced their plan to file for bankruptcy both in the United States and in Japan. The bankruptcy comes after a decade long struggle with safety recalls for faulty products. Takata’s peak occurred in the early 90s after they had manufactured a more affordable type of airbag that initially showed a……
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True Religion Files for Bankruptcy

True Religion, an upscale designer jeans company, has reportedly filed for chapter 11 bankruptcy protection. In a court filing, the retailer and manufacturer expressed their desire to stay in business while cutting back on costs by closing a still undetermined amount of physical store locations. The decision stems from what True Religion calls a failure……
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Rue21 Files for Bankruptcy

Joining the latest in a long string of retailers, popular teen clothing store Rue21 says that it has filed for Chapter 11 bankruptcy. In a press release, the retailer stated that they are downsizing and paring down the company in an effort to “better align the size of its footprint with market realities, and focus……
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