Highly leveraged Lucira Health, Inc., maker of at-home COVID-19 and flu tests, went bankrupt after pandemic restrictions universally eased and demand for company wares subsequently plummeted.
Bankruptcy has come for Tuesday Morning Corporation, the once-popular off-price retailer that buckled after lenders put the kibosh on the company’s ability to borrow additional money to finance operations.
For the second time in six years, Avaya Holdings Corporation is filing for bankruptcy protection. The multinational tech firm struggled to hit earnings targets in 2022 as it continues to fully convert its business model to the cloud.
The party’s over. Party City Holdco put up a fight, but suffocating debt and supply chain woes forced the American retailer into Chapter 11 bankruptcy.
Clovis Oncology, Inc. has filed for bankruptcy due to the combination of poor sales tied to its cancer drug, Rubraca, and a significant debt load.
The Chapter 11 filing of wellness supplement giant NewAge, Inc. is a classic case showing that on-time bill payment by a public company is not indicative of true financial health.
Irish pharmaceutical company Endo International plc struggled underneath an onerous $8 billion debt load before their eventual bankruptcy filing in the U.S.
Scandinavian airliner SAS AB has been grounded by bankruptcy, toiling for many months on a tightrope due to massive debt and a global COVID-19 pandemic which cut deep into their revenue in recent years.
American cosmetics giant Revlon, Inc. hit bankruptcy after years of poor C-Suite stewardship and a seemingly all-or-nothing bet on the perpetual survival of brick-and-mortar department stores. We investigate a long descent into Chapter 11.
Floored by this bankruptcy? If you paid attention to Armstrong Flooring, Inc.’s FRISK® score in recent months, you wouldn’t have been surprised by their Chapter 11 filing.