The company, which was once valued at $5.7 billion, has been struggling to find a buyer this year.
Tag: Bankruptcies
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Bed Bath & Beyond Shoppers Rush to Use All Those Coupons
The retailer is closing its stores, leaving many longtime customers scrambling to make sure they get their goods — at a discount.
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Bed Bath & Beyond Files for Bankruptcy
The company said it would seek to sell all or some of its business while its stores remain open.
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Johnson & Johnson Reaches $8.9 Billion Talc Settlement
The company faces a flood of lawsuits claiming its talc products caused cancer. The proposed settlement requires approval by a bankruptcy court, but has the backing of plaintiffs’ lawyers.
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Richard Branson’s Virgin Orbit Files for Bankruptcy
The satellite launch company, founded by Richard Branson, announced sweeping cuts last week as it struggled to recover from a high-profile rocket failure in January.