The sad truth is that this list will be very long before this crap is finally over.
I know we don't care about small businesses for the purposes of this thread but they are going to fall in record numbers.
I get sick thinking about what our "leaders" are doing to us.
Their cluelessness has never been more apparent.
I know we don't care about small businesses for the purposes of this thread but they are going to fall in record numbers.
I get sick thinking about what our "leaders" are doing to us.
Their cluelessness has never been more apparent.
Another Good Thread .. thank you
Neiman Marcus To File For Bankruptcy As Lockdowns Hammer Department Stores: Report, Neiman Marcus borrowed nearly $4.8 billion, according to credit ratings firm Standard & Poor’s, some of which is due to the $6 billion leveraged buyout in 2013 by its owners. Other major department stores are fighting to delay Neiman Marcus’s fate.
This one made me cringe
Reuters: Chesapeake Energy preparing bankruptcy filing .Someone at the The Vanguard Group, Inc. is getting fired and is applying for job as Racktrack.
Hertz is preparing for a possible bankruptcy filing, a report says, after the vehicle rental giant failed to make lease payments due to the coronavirus shutdown. This is a very badly run company no supprise here.
Its a new business world, all of you lazy people who thought you jobs where safe, and you did a shit job , and complained about your job, you don'y have one to goto any more.
Neiman Marcus To File For Bankruptcy As Lockdowns Hammer Department Stores: Report, Neiman Marcus borrowed nearly $4.8 billion, according to credit ratings firm Standard & Poor’s, some of which is due to the $6 billion leveraged buyout in 2013 by its owners. Other major department stores are fighting to delay Neiman Marcus’s fate.
This one made me cringe
Reuters: Chesapeake Energy preparing bankruptcy filing .Someone at the The Vanguard Group, Inc. is getting fired and is applying for job as Racktrack.
Hertz is preparing for a possible bankruptcy filing, a report says, after the vehicle rental giant failed to make lease payments due to the coronavirus shutdown. This is a very badly run company no supprise here.
Its a new business world, all of you lazy people who thought you jobs where safe, and you did a shit job , and complained about your job, you don'y have one to goto any more.
Yeah Chesapeake is about to file...the oil related bankruptcys might deserve their own list in the end...ha
Some bankruptcy's before the C19 shutdowns
Modells sporting goods filed march 11
True religion filed April 13th
Pier 1. 450 stores filed on Feb 17th
Lucky supermarkets Jan 15th
Papyrus Mid jan.
Van Art furniture March 8th
Earth Fare grocers. 50 stores Feb 4th
Some bankruptcy's before the C19 shutdowns
Modells sporting goods filed march 11
True religion filed April 13th
Pier 1. 450 stores filed on Feb 17th
Lucky supermarkets Jan 15th
Papyrus Mid jan.
Van Art furniture March 8th
Earth Fare grocers. 50 stores Feb 4th
Norwegian Cruise Line warns of possible bankruptcy amid coronavirus outbreak
PORT CANAVERAL, Fla. (WESH) — A recent filing with the Securities and Exchange Commission from Norwegian Cruise Line Holdings LTD describes financial problems due to COVID 19 and indicates it is possible the company will have to file for bankruptcy.
The filing, dated May 5, says the company will need additional financing moving forward.
The company said there’s “substantial doubt” about its ability to continue as the coronavirus pandemic continues to keep the entire cruise industry shuttered.
“Our financial statements contain a statement regarding a substantial doubt about the company’s ability to continue as a going concern,” the company says in the filing.
The company writes about the need for money: “We anticipate needing additional financing, and such financing may not be available on favorable terms, or at all.”
The documents paint a possible future for the company: “If we are not able to fulfill our liquidity needs through operating cash flows and/or borrowings under credit facilities or otherwise in the capital markets, our business and financial condition could be adversely affected and it may be necessary for us to reorganize our company in its entirety, including through bankruptcy proceedings, and our shareholders may lose their investment in our ordinary shares.”
The cruise industry brings in millions in revenue to Port Canaveral and surrounding areas, but the industry has been halted due to the coronavirus since mid-March.
PORT CANAVERAL, Fla. (WESH) — A recent filing with the Securities and Exchange Commission from Norwegian Cruise Line Holdings LTD describes financial problems due to COVID 19 and indicates it is possible the company will have to file for bankruptcy.
The filing, dated May 5, says the company will need additional financing moving forward.
The company said there’s “substantial doubt” about its ability to continue as the coronavirus pandemic continues to keep the entire cruise industry shuttered.
“Our financial statements contain a statement regarding a substantial doubt about the company’s ability to continue as a going concern,” the company says in the filing.
The company writes about the need for money: “We anticipate needing additional financing, and such financing may not be available on favorable terms, or at all.”
The documents paint a possible future for the company: “If we are not able to fulfill our liquidity needs through operating cash flows and/or borrowings under credit facilities or otherwise in the capital markets, our business and financial condition could be adversely affected and it may be necessary for us to reorganize our company in its entirety, including through bankruptcy proceedings, and our shareholders may lose their investment in our ordinary shares.”
The cruise industry brings in millions in revenue to Port Canaveral and surrounding areas, but the industry has been halted due to the coronavirus since mid-March.
l
That is a shame , I was a fan , at lease we still have Golden Corral.
Sur-la-table...Au Revoir... over priced cook store.
https://seattle.eater.com/2020/5/6/...nAM4KFoq63BF08Q4p6BHRs-Sku9hrF8A5f4N2u7AyvU_c
https://seattle.eater.com/2020/5/6/...nAM4KFoq63BF08Q4p6BHRs-Sku9hrF8A5f4N2u7AyvU_c
