Conn’s is the latest big brand to file for bankruptcy in 2024. Some of the largest bankruptcies so far this year involving companies with more than $1 billion in liabilities include IT firm Dynata, seafood chain Red Lobster, biotechnology company Invitae Corp., and Enviva, the world’s largest industrial biomass producer, according to S&P Global. A total of 3,016 commercial Chapter 11 bankruptcies were filed in the January–June period this year, an increase of 34 percent from last year, the American Bankruptcy Institute (ABI) said early this month.
https://www.zerohedge.com/economics/134-year-old-american-furniture-chain-files-bankruptcy-closes-all-553-stores
Conn’s is the latest big brand to file for bankruptcy in 2024. Some of the largest bankruptcies so far this year involving companies with more than $1 billion in liabilities include IT firm Dynata, seafood chain Red Lobster, biotechnology company Invitae Corp., and Enviva, the world’s largest industrial biomass producer, according to S&P Global. A total of 3,016 commercial Chapter 11 bankruptcies were filed in the January–June period this year, an increase of 34 percent from last year, the American Bankruptcy Institute (ABI) said early this month. https://www.zerohedge.com/economics/134-year-old-american-furniture-chain-files-bankruptcy-closes-all-553-stores
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134-Year-Old American Furniture Chain Files For Bankruptcy, Closes All 553 Stores
"The resulting slowdown in the Company’s growth has placed a strain on the company’s sales and liquidity position..."
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