Bankruptcy

Bankrupt Spirit Air Rebuffs New Takeover Offer From Frontier

The company said it would continue to pursue a restructuring plan through bankruptcy but also “would be happy to consider” a revised bid.

January 29, 2025

Private Equity

Private Equity Faces Pockets of Distress for Long-Held Assets

More than 100 so-called continuation funds were raised between 2019 and 2021 to move portfolio companies from one private equity vehicle to new ones backed by fresh capital.

January 16, 2025

Consumer Goods

Repeat Corporate Bankruptcies in U.S. Hit Fastest Pace Since 2020

Over the past two years, more than 60 companies have filed for bankruptcy for a second or even a third time.

January 15, 2025

Big Lots shopping carts outside a store in Los Angeles, Calif.

Retail

Big Lots Strikes Deal to Save Stores, Stop Brand From Closing

The company has agreed to a deal with Gordon Brothers Retail Partners that will facilitate the transfer of Big Lots’ brand, stores and distribution centers to other operators.

December 30, 2024