WeightWatchers, a 62-year-old health and wellness company that has faced stiff competition from new weight-loss drugs and programs, filed for bankruptcy on Tuesday in an effort to reduce its debt by more than $1 billion while it expands its telehealth business. In its heyday, WeightWatchers shaped how millions of people in the United States and…
The genetic testing company 23andMe filed for bankruptcy protection on Sunday after months of uncertainty over its business model and mounting concerns about the security of the troves of customer data it holds. In a statement, 23andMe said it had filed for Chapter 11 bankruptcy to “facilitate a sale process to maximize the value of…
Forever 21’s operator in the United States filed for bankruptcy on Sunday, as the apparel company, which helped popularize fast fashion in the United States, struggles to compete with online retailers. F21 OpCo, the operator, as well as some U.S. subsidiaries, filed for Chapter 11 bankruptcy in the Bankruptcy Court of Delaware, court documents show….
Greenpeace is set to go on trial on Monday before a North Dakota jury in a bombshell lawsuit that, if successful, could bankrupt the storied group. The Dallas-based company Energy Transfer sued Greenpeace in 2017, accusing it of masterminding raucous protests over the construction of the Dakota Access Pipeline near the Standing Rock Sioux Reservation…
Nikola, an electric vehicle start-up that had once hoped to become the Tesla of heavy trucks, filed for bankruptcy protection on Wednesday. Founded in 2015, Nikola promised to develop long-haul semi trucks powered by hydrogen and electricity, and listed itself on the stock exchange in 2020 before it had sold a single vehicle. Its share…