More bad news is coming in for retailer Bed, Bath and Beyond. The retailer is filing for Chapter 11 bankruptcy and points to the COVID-19 pandemic that closed its stores for several months one of the reason for its low cash flow. The company already announced a plan to close several stores including one in Read More…
Tag: bankruptcy
24 Hour Fitness Closes Gyms and Files for Bankruptcy
Just as California announced gyms and fitness centers can reopen, 24 Hour Fitness is permanently closing gyms and has filed for bankruptcy protection. The company announced a financial restructuring through a Chapter 11 filing due to the COVID-19 pandemic that left all of their fitness centers closed since March. 130 Gyms are on the closure Read More…