Saks CEO Steps Down as Bankruptcy Looms
Marc Metrick, CEO of luxury retailer Saks Global, has stepped down as the company faces potential bankruptcy. Get the latest details on this major business shakeup.
Category : Search result: bankruptcy
Saks Considers Bankruptcy as $100M Payment Looms
Luxury retailer Saks Global Enterprises, burdened by debt from its Neiman Marcus deal, is exploring Chapter 11 bankruptcy ahead of a critical $100+ million payment due December 30. Read the full analysis.
Vancouver's UpMeals bankrupt amid fraud allegations
Vancouver entrepreneur Drew Munro faces fraud accusations and a potential criminal probe as his meal-prep company UpMeals collapses into bankruptcy. Read the full story.
Roomba Maker iRobot Files for Bankruptcy, Pursues Buyout
iRobot, the pioneering company behind the Roomba vacuum, has filed for Chapter 11 bankruptcy and is seeking a buyer for its manufacturing business. Get the full story on this tech industry shakeup.
Court expands Evergrande asset freeze on ex-wife's $220M
A Hong Kong court has strengthened an injunction freezing $220M in assets of Evergrande founder's ex-wife across Canada and other jurisdictions, aiding liquidators in the massive corporate collapse.
Sonder: From McGill dorm startup to bankruptcy
The dramatic rise and fall of Sonder, the Montreal-born hospitality startup that challenged Airbnb before filing for bankruptcy in 2025. Learn how a student side hustle became a billion-dollar company.
Kitchener-Waterloo Symphony Returns After Bankruptcy
The Kitchener-Waterloo Symphony makes triumphant return to Centre in the Square for first official concert since declaring bankruptcy. Don't miss this historic musical comeback story!
Hudson's Bay Sells Churchill Painting in Art Auction
The bankrupt Hudson's Bay Company liquidates its fine art collection, featuring Winston Churchill's rare 'Marrakech' painting valued at $400,000-$600,000. Discover Canadian history through art.
How Lenders Spotted Red Flags at First Brands
Discover how Apollo Global Management and Soros Fund Management avoided massive losses in the First Brands collapse by identifying critical warning signs that others missed.
Sonder Hotels Files for Bankruptcy, Cancels Stays
Sonder Holdings Inc. declares bankruptcy, forcing guests out mid-stay after a failed technology integration with Marriott International. Learn the full story behind the collapse.
Sonder declares bankruptcy, evicts Montreal guests
Sonder Holdings files for bankruptcy protection, forcing immediate evictions from Montreal apartment-hotels. Hundreds of travelers left scrambling for accommodations.
Vancouver Broadway Businesses Face Bankruptcy Over SkyTrain Construction
Vancouver's Broadway corridor businesses are fighting for survival as prolonged SkyTrain construction creates financial devastation, empty storefronts, and uncertain futures for local entrepreneurs.
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