For the second time in less than two years, Philadelphia-based Rite Aid has filed for bankruptcy and announced plans to close or sell all of its remaining stores. According to court documents filed Monday in U.S. Bankruptcy Court in New Jersey, the company will continue pursuing buyers for all or part of its assets and… Read more »
The party is over at Party City. The retailer, which emerged from bankruptcy last year, has filed for Chapter 11 again. Party City Holdings Inc., based in New Jersey, filed for bankruptcy early Saturday in U.S. Bankruptcy Court for the Southern District of Texas. The company plans to “wind down its business and liquidate its… Read more »
