Bankruptcy
Genetic-testing firm Invitae, backed by SoftBank and Cathie Wood, files for bankruptcy
INVITAE, a genetic-testing company with backers including SoftBank Group and Cathie Wood’s Ark Investment Management, has filed for bankruptcy as the DNA testing industry struggles to regain investor interest...
WeWork to Go Belly Up? SEC Filing Shows Bankruptcy a Near-Certain Option
WeWork, which redrew rules in the corporate office space management in the pre-Pandemic days, has said it is likely to go bankrupt, capping years of financial struggles. The Softbank-backed...
Here’s Why Jenny Craig Really Shut Down
Jenny Craig Packaged Food Graphic with TitleDesigned Inside Canva On May 5, 2023, news broke that weight loss juggernaut Jenny Craig was filing for Chapter 7 bankruptcy in the...
Instant Pot, Pyrex Parent Company Files for Bankruptcy | Entrepreneur
Instant Brands, the company behind Instant Pot and Pyrex glassware, filed for Chapter 11 bankruptcy on Monday."After successfully navigating the COVID-19 pandemic and the global supply chain crisis, we...
Underground Cellar Bankrupt, Owes Customers Millions in Wine | Entrepreneur
Underground Cellar, a San Francisco-based company, could easily be a wine enthusiast's dream: for free, customers could buy and store up to 500 bottles in the company's "temperature-controlled CloudCellar"...
Report: Vice Media Headed For Bankruptcy | Entrepreneur
Once a journalistic behemoth known for in-depth and provoking content, Vice Media is reportedly facing bankruptcy as it continues to seek a buyer while the clock winds down on...
Jenny Craig Warns Workers of Mass Layoffs, Bankruptcy Possible | Entrepreneur
A leaked memo suggests that weight loss company Jenny Craig may be losing more than pounds.In the document viewed by NBC News, the company stated that it's looking to...
Here’s What Bed Bath & Beyond’s Bankruptcy Means for Retail | Entrepreneur
Bed Bath & Beyond filed for bankruptcy on Sunday, and it suggests a bleak future for brick-and-mortar retailers.New research from investment bank UBS estimates that 50,000 retail stores out...
