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Bankruptcy

COVID-19

J. Crew is the first major retailer to file for bankruptcy under COVID-19

by David Brancaccio , Nova Safo and Alex Schroeder
May 4, 2020
Online business will continue as usual, and J. Crew still has plans to reopen stores.
J. Crew has almost $1.7 billion in debt its restructuring.
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Coal mine standoff in Kentucky moves to negotiation between parties

by Scott Tong
Sep 12, 2019
Miners and mine owner have begun negotiations to break the deadlock in Harlan County.
Unemployed Blackjewel coal miner Chris Lewis shows his tattoo as he participates in a blockade along the railroad tracks that lead to one of Blackjewel's mines on August 08, 2019 near Cumberland, Kentucky.
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FTD files for bankruptcy, will break apart business to survive

by Ben Bradford
Jun 4, 2019
FTD declares bankruptcy, but will still deliver flowers.
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For sale: A brand that pioneered cosmetics for women of color

by Erika Beras
Apr 11, 2019
The company that launched Ebony and Jet magazines — Johnson Publishing Company of Chicago — has filed for bankruptcy. Johnson sold off its magazines in 2016, but held on to Fashion Fair, its cosmetics brand. When the brand hit the market in 1973, the department store counters that sold it were among the few places where […]
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The business of second chances

by Kai Ryssdal and Liz Sanchez
Apr 8, 2019
When a business files for bankruptcy in today's economy, what happens?
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Ex-CEO bids more than $5 billion to keep Sears open

by Marielle Segarra
Jan 16, 2019
Most of the bankrupt retailer's creditors want it liquidated, but not former CEO Eddie Lampert.
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A Hail Mary bid to save Sears

by Meghan McCarty Carino
Dec 7, 2018
The chairman of the storied retailer has proposed a $4.6 billion bid to save what's left of the 130-year-old chain.
A Sears store in Brooklyn, New York, in October.
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How Toys R Us workers got the retailer's private equity owners to pay severance

by Marielle Segarra
Nov 23, 2018
The private equity firms Bain and KKR announced this week that they will contribute $20 million to a compensation fund for former employees of Toys R Us. The retailer filed for Chapter 11 bankruptcy in September 2017, laying off tens of thousands of workers without severance packages. And for months, those former employees have been […]
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Remembering Sears

by Barbara Platts
Oct 16, 2018
Listeners describe their favorite memories of Sears over the years.
The Sears logo is displayed on shopping carts outside of a Sears store on May 31, 2018 in Richmond, California. 
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Remembering Sears

by Barbara Platts
Oct 16, 2018
Listeners describe their favorite memories of Sears over the years.
The Sears logo is displayed on shopping carts outside of a Sears store on May 31, 2018 in Richmond, California. 
Justin Sullivan/Getty Images
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