After over 100 years of being in the mucil instrument business, famed Gibson Guitars has filed fo bankruptcy. The company filed for bankruptcy protection in Delaware, an action many have for some time. The company owes as much as $500 million and that debt has burdened it over the years. According to Bloomberg News, a…
Continue reading ›Long Island, N.Y.-based seller of vitamins and nutritional supplements, Vitamin World plans to file Chapter 11 bankruptcy this month with the hope of getting out of what they say are expensive leases for their stores. The vitamin and nutrition supplement seller has 345 stores around the country. Madden told Newsday the company is filing bankruptcy,…
Continue reading ›The Fragrance company Perfumania has declared Chapter 11 bankruptcy and will shutter 65 of its 226 stores nationwide. The company, known for selling high-end perfumes in malls across the country has said it will focus on online sales and high performing stores. CEO Michael Katz said in a prepared statement, The company has been working…
Continue reading ›The Dodges filed Chapter 11 Bankruptcy in Federal Court last month. How can a Team worth over $500 Million Dollars go broke? Fact is that Dodgers are not broke. They have a billion dollar contract with the Fox Network pending the approval of Major League Baseball. Bud Selig, the commissioner, refused to ratify the Dodgers…
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