Stores will remain open for now, but Joann says a “stalking horse” bidder has grim plans for the beloved arts-and-crafts ...

Joann, a once popular craft chain, has filed for voluntary Chapter 11 bankruptcy proceedings, according to a an announcement.

Joann, a once popular craft chain, has filed for voluntary Chapter 11 bankruptcy proceedings ... of everything our company has gone through in recent years," Prendergast's statement read.

Despite its long-standing success, Joann has faced financial challenges in recent years. In March 2024, the retailer filed for Chapter 11 bankruptcy protection for the first time, citing inventory and ...

Crozer Health System’s parent company, Prospect Medical Holdings, Inc., declared Chapter 11 bankruptcy ... and they said most recent data from PA Health Care Cost Containment Council suggests ...

Frontier Airlines is attempting for a second time to merge with the now bankrupt Spirit Airlines, which declared bankruptcy ...

Under heavy financial and competitive pressures, Spirit filed a pre-arranged Chapter 11 bankruptcy petition in ... with the most recent measure being the layoffs of 200 nonunion support employees.

which filed for Chapter 11 bankruptcy protection Nov. 2. Related: A look at TGI Fridays’ recent turbulence leading up to bankruptcy Last January, Fridays agreed to sell eight restaurants in the ...

Jan 2 (Reuters) - Rising interest rates, inflation, higher labor costs, and post-pandemic shifts in consumer spending were common factors cited by companies that filed for bankruptcy in 2024.