Cecilie1200
Diamond Member
Just blah, blah, blah and no facts to back up your great big pixelated fart.
If I'm a buffoon, what does THIS make you:
People who were employed by these companies and businesses are NOT going back to work:
Coronavirus Bankruptcy Tracker: These Major Companies Are Failing Amid The Shutdown
ALDO Group, a Montreal-based shoe retailer that operates about 3,000 locations in more than 100 countries, filed on May 7 under pressure from store closures.
Apex Parks Group, which had to close its 12 entertainment centers and water parks due to the pandemic, filed for a Chapter 11 reorganization on April 8.
Art Van Furniture, a midwestern retailer with 176 locations, filed on March 8. As the economic crisis worsened, it converted its Chapter 11 reorganization to a Chapter 7 liquidation in early April.
Avianca, which served more than 30 million passengers last year as one of Latin America’s largest airlines, filed on May 10 with all of its passenger flights grounded since mid-March due to COVID-19.
Bar Louie, a nationwide gastropub chain, filed on January 27 after closing 38 of its locations, leaving less than 100 remaining.
Bluestem Brands, the parent company of seven e-commerce subsidiaries, filed on March 9.
Borden Dairy followed competitor Dean Foods DF into bankruptcy on January 5, aiming to reduce its debt load while continuing normal operations.
BrightHouse entered administration—the equivalent of a bankruptcy process—on March 30, immediately halting all new rent-to-own and cash loan lending activities.
Carluccio’s entered administration on March 30, shortly after its 73 locations were required to close.
Centric Brands, an apparel manufacturer that licenses its clothing to designer brands like Calvin Klein and Tommy Hilfiger, filed on May 18. It aims to reduce its debt by $700 million and continue normal operations.
CMX Cinemas, a movie theater chain that also owns dine-in restaurants and bars, filed on April 25 with all 41 of its theaters closed nationwide during the pandemic.
Cosi filed for Chapter 11 on February 24 for the second time since 2016 after shuttering 30 of its locations in December.
CraftWorks filed on March 3 to reduce its debt by more than $140 million shortly after closing about 10% of its locations.
Dean & DeLuca, a luxury grocery store chain with 42 locations until it started downsizing in recent years, filed on April 1.
Debenhams, which employs more than 20,000 people, entered administration on April 6 for the second time in the last year as it struggled to stay afloat with its stores closed. It is liquidating its business in Ireland, permanently closing its 11 stores there.
Diamond Offshore Drilling sought bankruptcy protection on April 27 after skipping a payment to bondholders. It had billions of dollars of debt even before oil prices plunged in recent weeks.
Digicel filed for Chapter 15, which allows foreign creditors to participate cases, on May 15.
Earth Fare, a North Carolina-based organic grocery chain, filed on February 4, a day after announcing it was closing all of its stores and liquidating its inventory.
Edcon filed for business rescue on April 29, announcing that it had lost 2 billion rand in sales—equivalent to more than $100 million—due to coronavirus.
Fairway Market filed on January 23 and announced it was selling up to five New York City stores and its distribution center to Village Super Market for $70 million.
Flybe, one of Europe’s largest regional carriers, entered administration and grounded all flights on March 5.
Foodora, a food delivery app that is a subsidiary of Berlin-based Delivery Hero, filed for insolvency in Canada on April 27 and announced it’s ceasing operations in the country on May 11.
Foresight Energy filed on March 10 with $1.4 billion in debt.
Frontier Communications FTR , one of America’s largest telecom companies, filed on April 14. Its reorganization plan is expected to reduce its sizable debt load by $10 billion.
Gold’s Gym filed on May 4 after having to close its 700 fitness centers due to coronavirus lockdowns. Thirty gyms will remain permanently closed.
Helios and Matheson, the parent of movie-theater subscription service MoviePass, filed for Chapter 7 bankruptcy on January 29. MoviePass had more than 3 million subscribers at its peak in 2018.
Hertz filed on May 22 with nearly $18 billion in net debt on its balance sheet and coronavirus crushing business travel and tourism. It laid off 10,000 of its North American employees in April.
Hin Leong, founded by ex-billionaire Lim Oon Kuin, filed on April 18 as the company revealed it had $800 million in previously undisclosed losses.
Intelsat filed on May 13, though it said it will continue to launch new satellites. The pioneering company put the first commercial communications satellite in space in 1965.
Internap filed on March 16 to renegotiate its debt. It was delisted from the Nasdaq the next week.
JCPenney filed on May 15, weighed down by $4.2 billion in debt. The prominent department store chain has lost money for nine straight years, and its troubles were exacerbated by the pandemic that forced its 850 remaining locations to close.
J.Crew was the first big American retail domino to fall amid the pandemic, filing on May 4 to convert about $1.7 billion of debt to equity. It still plans to reopen its 181 J.Crew stores, 170 factory stores and 140 stores for its women’s clothing brand Madewell after coronavirus-related restrictions are lifted.
Krystal filed on January 19, citing debts of between $50 million and $100 million.
LSC Communications filed on April 13 with nearly $1 billion in debt after an antitrust lawsuit blocked an attempted $1.4 billion sale to competitor Quad/Graphics QUAD last year.
Lucky’s Market filed on January 27 and plans to sell most of its stores to Aldi, Publix and other winning bidders.
Mallinckrodt submitted a Chapter 11 filing for its specialty generics unit on February 25 and offered to pay a $1.6 settlement under the weight of lawsuits related to opioid abuse.
McClatchy, which operates 30 newspapers in 14 states, filed on February 13, ending 163 years of family control of the business and signaling the continuing erosion of local news.
McDermott International, a commercial construction and engineering company, initiated a Chapter 11 process on January 21 to eliminate $4.6 billion in debt.
Modell’s Sporting Goods, a New York institution since 1889, filed for Chapter 11 on March 11 and announced plans to close all 153 of its stores spread throughout the northeast.
MQ filed on April 16 as sales plunged at its physical locations while customers stayed home due to the pandemic.
Neiman Marcus filed on May 7, seeking to eliminate $4 billion in debt. The renowned luxury retailer has 43 Neiman Marcus locations as well as 22 stores for its Last Call discount brand and two Manhattan Bergdorf Goodman stores. Business at all of them has been upended by coronavirus shutdowns.
Nygard Entities filed for Chapter 15 on March 19. The company was under fire after a class-action lawsuit filed in February levied sex-trafficking allegations against founder Peter Nygard.
OneWeb, a satellite internet startup backed by SoftBank that launched 74 satellites into space, filed on March 27.
Pier 1, a home furniture chain with close to 1,000 locations at the beginning of the store, began a Chapter 11 reorganization on February 17, before the weight of the pandemic even reached the U.S. Shares were trading at more than $460 in 2013 before beginning a steep and steady decline.
Pioneer Energy filed on March 2, though it is continuing operations.
Quorum Health filed a prepackaged chapter 11 plan on April 7 to reduce its debt by $500 million.
RavnAir, an intrastate airline in Alaska, ceased operations and laid off all staff when it filed for bankruptcy on April 5.
RentPath, an online search platform for rental homes, filed on February 11 while at the same time announcing it was being bought out of bankruptcy by competitor CoStar Group CSGP for $588 million.
Rubie’s Costume Company, the world’s largest Halloween costume manufacturer, filed on April 30 as sales declined while its retail customers are closed due to COVID-19.
Spectra Premium filed on March 10. In a press release, the company complained that efforts to cut supply chain costs were hampered by tariffs the U.S. imposed on China.
Speedcast International, a satellite internet company that provides connectivity to the embattled cruise industry when ships are out at sea and serves 80% of cruise brands globally, filed on April 23.
Stage Stores, which owns brands like Gordmans and Bealls, filed on May 10 and will begin to liquidate its inventory when 557 of its stores reopen from coronavirus shutdowns on May 15.
Techniplas filed on May 6 as it hopes to find a buyer.
True Religion, a designer jeans retailer with locations of its own in 26 states and a presence in other major department stores, filed on April 13 for the second time in less than three years.
Virgin Australia, one of Australia’s largest airlines co-founded by billionaire Richard Branson, filed on April 21 after the Australian government denied the company’s pleas for a bailout.
Whiting Petroleum filed on April 1, though it said it would continue to operate its business. Shares of the publicly-traded shale driller dipped below $1 in March after trading at more than $150 in 2015.
Coronavirus Bankruptcy Tracker: These Major Companies Are Failing Amid The Shutdown
Some of the 20th century’s biggest names in corporate America are in danger of going the way of Sears, Blockbuster and RadioShack.www.forbes.com
Small business used to define America’s economy. The pandemic could change that forever.
More than 100,000 small businesses have closed forever as the nation’s pandemic toll escalates
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Wow, that sounds familiar. Where have I heard that before? Oh, yeah, from Trump and other Republicans insisting the lockdowns needed to end.
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