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Apparel retailer Forever 21 said Monday it commenced voluntary bankruptcy proceedings in the United States, beginning plans for an “orderly wind down” of US stores, while pursuing in parallel a possible sale. The fast-fashion giant, in concert…
Washington, United States — Tupperware Brands Inc and some of its subsidiaries filed for Chapter 11 bankruptcy protection on Tuesday, the food container firm said in a statement. The company, known for its trademark food storage containers,…
BANGKOK, Thailand—The Thai media company that owns the Miss Universe beauty pageant brand said on Thursday, Nov. 9, it has filed for bankruptcy while it tries to resolve a “liquidity problem.” JKN Global Groupmade the announcement in a…
The funny part is many do not understand that poverty is not only material or economic but can cover learning as well. So, the term “learning poverty” has long been coined by a group of concerned international…
Non-stop negatives covering politics, economics, and education can be overwhelming to citizens who are directly affected, but more so for societal leaders. Each Filipino family or citizen copes as best he or she can, the collective problem…
BENGALURU — Cosmetics maker Revlon Inc has filed for bankruptcy, falling victim to global supply chain disruptions that pushed up raw material costs and prompted vendors to demand upfront payments. Known for its nail polishes and lipsticks, the…
Former tennis star Boris Becker will learn on Friday whether he faces a lengthy jail term after he was found guilty by a British court of charges relating to his 2017 bankruptcy. The six-time Grand Slam champion,…
MANILA, Philippines — Philippine Airlines (PAL) formalized an anticipated creditor protection plea in the United States — a move its owner, billionaire Lucio Tan, called a “major breakthrough” in the 80-year-old carrier’s battle to survive the pandemic.…
Philippine Airlines’ (PAL) anticipated filing of Chapter 11 creditor protection petition in New York is targeted on June 29, which would mark a milestone in an effort to save the country’s flag carrier from crushing losses inflicted…
NEW YORK – For years, teens flocked to Forever 21’s massive stores at the nation’s malls for its speedy take on fashion, like its $5 shimmery halter tops and $25 dresses. But the chain that helped popularize…
More than 160 employees of Cebu Nisico Corporation, a manufacturer of optical lenses in Mactan Economic Zone 1, lost their jobs after the company closed down. According to Ednie Rapiza, president of CNC Employees Union, the closure…
Japanese airbag maker Takata Corp. filed for bankruptcy protection in Tokyo and the U.S., saying it was the only way to ensure it could carry on supplying replacements for faulty airbag inflators linked to the deaths of…
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