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NO MORE PARTIES. A CHAIN OF HOLIDAY STORES ON THE VERGE OF BANKRUPTCY

... City, founded by Steve Mandell in 1986, has come close to filing for insolvency in court. The reason was the depletion of funds and inflation, which affected sales volumes... ... capitalization of Party City Holdco Inc., which operates a network of 750 stores in the USA, Canada and Mexico, is about $41 million. But recently, the organization has faced... ... and the growth of debt obligations. The company has started preparing for a possible bankruptcy, which may result in a change of owners. Creditors of Party City (including...

Modified: 01.09.2023
bankrupt , bankruptcy , USA , holiday , restructuring , court
Path: РусБанкрот - СМИ

Subsidiary of Johnson & Johnson company is driven to bankruptcy over talc claims

... drastic measures to combat the claims it received over talc powder. The management made a decision to drive the subsidiary to bankruptcy, which may free the company from the obligations to pay about $ 3.5 billion in compensation. The company in question ... ... Johnson’s website . Thus, it is planned to consider the issue of compensation payments, which has been previously announced, in court. According to Michael Ullmann, the leading legal adviser of Johnson & Johnson, the bankruptcy measure for the subsidiary ...

Modified: 10.18.2021
Johnson & Johnson , bankruptcy , talcum powder , subsidiary , court , USA , corporate bankruptcy
Path: РусБанкрот - СМИ
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