WeightWatchers said Tuesday it is filing for Chapter 11 bankruptcy protection to eliminate $1.15 billion in debt and focus on its transition into a telehealth services provider.
Bankruptcy protection
Posted inNPR
Redbox owner Chicken Soup for the Soul files for Chapter 11 bankruptcy protection
As of March of this year, Chicken Soup for the Soul had about $414 million in assets and $970 million in debts. Shares for the public company have fallen more than 90% over the last year.
Posted inNPR
Red Lobster files for bankruptcy after missteps including all-you-can-eat shrimp
The seafood chain is in hot water after a series of bad choices by a parade of executives. Almost 580 restaurants will stay open, after dozens closed abruptly last week.
