liquidation

Forever 21 Faces Potential Liquidation as Bankruptcy Looms

5 days ago

In a dramatic turn of events for the fashion retail giant Forever 21, the company is reportedly considering liquidation actions, signaling an impending bankruptcy filing that could occur within days. This potential move would mark a significant chapter in the retailer's tumultuous history, as it struggles to navigate an increasingly challenging retail environment exacerbated by shifts in consumer behavior and economic uncertainties.

Evergrande’s Tianji Unit Faces Liquidation Amid Ongoing Financial Turmoil

1 month ago

In a significant development for the beleaguered Chinese property giant Evergrande Group, a Hong Kong court has ordered the liquidation of its subsidiary, Tianji Holdings. This ruling, delivered on February 17, 2025, intensifies the challenges facing Evergrande, which has struggled to recover from its massive debt crisis.

Big Lots Faces Liquidation Risk Due to Unpaid Rent and Plummeting Inventory Value

3 months ago

In a troubling turn of events for Big Lots, a major retail chain specializing in discount goods, the company is reportedly teetering on the edge of liquidation as it struggles with unpaid rent and drastically declining inventory value. Recent reports indicate that the retailer's financial health has rapidly deteriorated, raising concerns among stakeholders and consumers alike.