Last Toys 'R' Us in B.C. Closes Suddenly in Langley
The last Toys 'R' Us store in British Columbia has closed unexpectedly in Langley, shuttering after nearly $100,000 in unpaid bills. Discover the factors behind the iconic retailer's decline.
Category : Search result: corporate bankruptcy
Former Montreal Mayor Denis Coderre Seeks Bankruptcy Protection
Former Montreal mayor and MP Denis Coderre has sought bankruptcy protection, citing debts exceeding $1.1 million. Get the full details on this major political figure's financial situation.
Saks Global files for bankruptcy protection
Luxury retail giant Saks Global, owner of Saks Fifth Avenue, has filed for Chapter 11 bankruptcy. The move follows mounting debt from its 2024 acquisition of rival Neiman Marcus and a shrinking high-end market.
Saks Fifth Avenue Owner Files for Bankruptcy
The parent company of luxury retailer Saks Fifth Avenue has filed for bankruptcy protection. Get the latest details on this major business development and its potential impact.
Luxury Retailer Saks Global Files for Bankruptcy
Luxury retail giant Saks Global has filed for bankruptcy protection as it prepares for a significant corporate restructuring. Get the latest details on this major business development.
Saks Global Files for Bankruptcy Protection
Luxury retail giant Saks Global, owner of Saks Fifth Avenue and Neiman Marcus, files for Chapter 11 bankruptcy. The company secures $1.75B in financing to keep stores open while restructuring massive debt.
Saks CEO Baker Exits as Luxury Retailer Nears Bankruptcy
Richard Baker departs as CEO of Saks Global Enterprises just days after appointment, as the luxury retail conglomerate prepares for Chapter 11 bankruptcy protection. Read the latest on the leadership shakeup.
Bankrupt B.C. man's lavish lifestyle puzzles court
A British Columbia court is investigating how a bankrupt man maintains an extravagant lifestyle with no clear source of income. The case raises questions about financial disclosure.
Saks Plans Chapter 11 Bankruptcy Filing as Soon as Sunday
Iconic luxury retailer Saks Global Enterprises is preparing to file for Chapter 11 bankruptcy protection, marking a dramatic fall for the 150-year-old brand. Get the full story on the financial crisis.
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.
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.
Donors Dodge Questions on Trump's $300M Ballroom Funding
Corporate donors, including tech giants, gave millions for Trump's White House ballroom but are refusing to disclose details. Senator Blumenthal's investigation reveals evasive responses and public opposition.
Microsoft stock dips on report of lower AI tool demand
Microsoft shares fell after a report indicated lower-than-expected business spending on AI tools, highlighting corporate skepticism about cost savings and accuracy. Read the full analysis.
UPS safety questioned after fatal 2025 plane crash
A lawyer alleges UPS put profits before safety, leading to a crash that killed 14 in Louisville. Get the latest on the investigation and allegations.
Telus Halts Dividend Increases, Focuses on Share Price
Telus Corp. suspends its dividend growth plan, prioritizing share price alignment with growth prospects. The telecom giant expects free cash flow to rise. Full details inside.
Macy's lifts annual targets as turnaround gains traction
Macy's has increased its full-year profit and sales outlook for the second time, signaling a resurgence in consumer demand driven by strategic revitalization efforts. Discover the key figures behind the retailer's recovery.
Costco Sues Over Trump Tariffs for Refund Guarantee
Costco and dozens of other major companies are suing the Trump administration to secure refunds if the Supreme Court strikes down controversial global tariffs. Read the latest on this high-stakes trade battle.
Canada's Wealthiest Families Buy HBC Charter for $18M
The Thomson and Weston families' joint $18 million bid for the historic Hudson's Bay Company Royal Charter goes uncontested. The document will be donated to Canadian museums. Read the full story.
Alectra Celebrates Fifth Year as Top GTA Employer
Alectra Inc. has been recognized as a Greater Toronto Area Top Employer for the fifth consecutive year, highlighting its commitment to employee wellness, community investment, and clean energy innovation.
Starbucks settles NYC labour claims for $35 million
Starbucks agrees to pay approximately $35 million to settle claims it violated New York City labour laws. The settlement resolves allegations of scheduling and pay violations for thousands of workers.
Gildan completes HanesBrands acquisition, doubling size
Montreal-based Gildan Activewear has finalized its acquisition of HanesBrands, effectively doubling the company's scale. The deal marks a major shift in the apparel industry. Read more on the strategic implications.
Péladeau demands board seat at Transat
Quebecor CEO Pierre Karl Péladeau pushes for changes on Transat's board of directors, seeking a seat for himself. Get the latest on this corporate power play.
Péladeau calls for Transat shareholders' meeting
Quebecor CEO Pierre Karl Péladeau has formally requested a shareholders' meeting for Transat A.T. Inc., signaling a potential strategic shift. Explore the implications for Canadian business.
Wood Mackenzie Names New Chief Commercial Officer
Wood Mackenzie, a global energy data leader, appoints Danny Dunn as its new Chief Commercial Officer, bringing over 25 years of tech and data industry experience to drive growth.
US companies move to Canada due to policy shifts
American companies including brewing schools and distilleries are relocating to Canada, driven by US policy changes on visas, trade, and regulations. Discover why Canada is becoming attractive.
MaxWell Realty Signs 10-Year Calgary Soccer Centre Deal
Calgary's original soccer centre gets new identity through 10-year naming rights agreement with MaxWell Realty, generating revenue for facility maintenance.
Armani appoints new board after designer's death
The Armani fashion group has established a new board of directors to steer the company's future following the passing of its legendary founder, Giorgio Armani. Discover the strategic vision.
Boehringer Ingelheim Names New Board Member for IT
Boehringer Ingelheim announces Harsha Deshmukh's appointment to Board of Managing Directors for IT and Global Business Services effective February 2026.
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