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Bankruptcy News 15 December 2025 - 4 February 2026

Saks pulls plug on “Saks on Amazon” as luxury e-commerce bet unravels in bankruptcy

Saks pulls plug on “Saks on Amazon” as luxury e-commerce bet unravels in bankruptcy

Amazon will continue its luxury storefront without Saks Fifth Avenue as Saks Global ends their partnership during its Chapter 11 restructuring. Saks is closing 62 off-price outlets and shifting focus to Saks.com. Amazon, a stakeholder in Saks, is disputing parts of Saks’ bankruptcy financing in court. The split follows limited brand participation in the “Saks on Amazon” venture.
4 February 2026
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Fatburger owner FAT Brands files Chapter 11 bankruptcy, pulling Twin Peaks parent Twin Hospitality into court

Fatburger owner FAT Brands files Chapter 11 bankruptcy, pulling Twin Peaks parent Twin Hospitality into court

FAT Brands and affiliate Twin Hospitality filed for Chapter 11 bankruptcy in Houston, citing $1.4 billion in debt and missed interest payments. Court documents show FAT Brands has just $2.1 million in cash. Shares of both companies fell by about a third in late trading. Restaurants, including Fatburger, Johnny Rockets, Twin Peaks, and Smokey Bones, will remain open.
28 January 2026
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Tailwind Air files for Chapter 11 as NYC–Boston seaplane operator lists up to $10M in liabilities

Tailwind Air files for Chapter 11 as NYC–Boston seaplane operator lists up to $10M in liabilities

Tailwind Air and two affiliates filed for Chapter 11 bankruptcy in Virginia on Jan. 15, court records show. The seaplane operator listed up to $50,000 in assets and as much as $10 million in liabilities. Tailwind had already ended its Manhattan-to-Boston shuttle after low demand and failed investor talks. The company continues to run charter flights.
20 January 2026
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Saks Global files for bankruptcy: $1.75 billion financing, new CEO and a test for luxury suppliers

Saks Global files for bankruptcy: $1.75 billion financing, new CEO and a test for luxury suppliers

New York, Jan 14, 2026, 09:47 (EST) Saks Global, which owns Saks Fifth Avenue, Neiman Marcus, and Bergdorf Goodman, filed for Chapter 11 bankruptcy protection late Tuesday. This marks one of the largest U.S. retail failures since the pandemic. Chapter 11 allows the company to continue operating under court oversight while it works on restructuring its debt. (Reuters) The bankruptcy follows Saks missing a $100 million interest payment due on Dec. 30, connected to the 2024 Neiman Marcus acquisition. This has intensified pressure on vendor ties and slowed merchandise delivery to stores. “They borrowed a lot more money than they
14 January 2026
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Saks Global bankruptcy filing: Saks Fifth Avenue and Neiman Marcus seek Chapter 11 with $1.75 billion lifeline

Saks Global bankruptcy filing: Saks Fifth Avenue and Neiman Marcus seek Chapter 11 with $1.75 billion lifeline

New York, Jan 14, 2026, 02:14 EST Saks Global filed for Chapter 11 bankruptcy protection in Texas late on Tuesday, seeking to keep its Saks Fifth Avenue, Bergdorf Goodman and Neiman Marcus businesses running while it restructures under court supervision. The company said it had secured a $1.75 billion financing package to support operations through the process. https://www.reuters.com/business/retail-consumer/saks-global-files-bankruptcy-after-neiman-marcus-takeover-leads-financial-2026-01-14/ The filing lands as luxury demand has cooled and financing costs have stayed high, leaving debt-heavy retailers with little room for mistakes. A drawn-out case risks jolting the supply chain for designers and beauty brands that still lean on department stores to
14 January 2026
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U.S. bankruptcies hit a 15-year high as Trump tariffs and high rates squeeze companies

U.S. bankruptcies hit a 15-year high as Trump tariffs and high rates squeeze companies

NEW YORK, December 29, 2025, 09:16 ET U.S. corporate bankruptcies have climbed to a 15-year high in 2025, with at least 717 companies filing through November as tariffs and higher borrowing costs strained cash flow and demand. The Washington Post+1 The jump matters because it is showing up across a wide range of industries, rather than concentrating in one troubled sector, and it is starting to hit smaller firms and households as well. That mix can pressure jobs, suppliers and lenders as the year closes. The Washington Post+1 Companies are dealing with higher interest expenses and tariff-related cost shocks at
29 December 2025
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Hooters Singapore Is Closing: Clarke Quay Outlet to Shut Jan. 31, 2026 as Brand Rebuilds After Bankruptcy and “Wrong Wing Sauce” Revelation

Hooters Singapore Is Closing: Clarke Quay Outlet to Shut Jan. 31, 2026 as Brand Rebuilds After Bankruptcy and “Wrong Wing Sauce” Revelation

Hooters’ long-running Clarke Quay restaurant—its first and last remaining outlet in Singapore—will close on Jan. 31, 2026, ending a three-decade run on the Singapore River that began in the mid-1990s. Mothership For locals, it’s a nostalgia-soaked footnote in the city’s ever-changing nightlife and dining map. For the brand globally, it lands in the middle of a high-stakes reset: in the U.S., Hooters has been navigating bankruptcy, a founder-backed takeover, store closures, and a back-to-basics campaign that the company’s new leadership has framed as a return to the chain’s original identity—right down to the recipe in its signature wing sauce. Reuters+2Nation’s
28 December 2025
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Reliance Infrastructure Trading Restricted Under IBC Stage 1 on Dec 22, 2025; Reliance Power Slides as Investors Seek Clarity

Reliance Infrastructure Trading Restricted Under IBC Stage 1 on Dec 22, 2025; Reliance Power Slides as Investors Seek Clarity

Mumbai: A sudden trading restriction on Reliance Infrastructure Ltd. on Monday, December 22, 2025, triggered confusion among retail investors and rippled through other Anil Ambani-group counters—most notably Reliance Power Ltd., which slid sharply in early trade amid concerns about liquidity and exit options. Lokmat Times+2Zerodha+2 The episode has quickly become one of the most talked-about market developments of the day because it combines three ingredients that typically amplify volatility: a widely-held retail stock, a constrained trading mechanism, and legal/regulatory overhang tied to the Insolvency and Bankruptcy Code (IBC). Lokmat Times+2Zerodha+2 What changed for Reliance Infrastructure on December 22 Brokerage platforms
22 December 2025
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Luminar Technologies (LAZR) Stock: Chapter 11 Sale Process, $110M Photonics Deal, and Nasdaq Delisting Countdown (Dec. 22, 2025)

Luminar Technologies (LAZR) Stock: Chapter 11 Sale Process, $110M Photonics Deal, and Nasdaq Delisting Countdown (Dec. 22, 2025)

Updated for Dec. 22, 2025 — Luminar Technologies, Inc. (NASDAQ: LAZR) is in the middle of a court-supervised restructuring that has turned the stock into a high-volatility, headline-driven trade. The company filed for Chapter 11 bankruptcy on Dec. 15, lined up a $110 million all-cash deal to sell its photonics subsidiary, and is now facing an imminent Nasdaq delisting—while the share price whipsaws on extraordinary volume. Luminar Technologies, Inc.+2Luminar Technologies, Inc.+2 What matters for investors on Dec. 22 isn’t a typical earnings “beat or miss.” It’s the bankruptcy timeline, the auction process, and the harsh reality of capital structure math:
22 December 2025
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iRobot Stock (IRBT) Plunges After Chapter 11 Bankruptcy Filing: Picea Deal, Nasdaq Delisting Date, and Investor Outlook (Dec. 16, 2025)

iRobot Stock (IRBT) Plunges After Chapter 11 Bankruptcy Filing: Picea Deal, Nasdaq Delisting Date, and Investor Outlook (Dec. 16, 2025)

iRobot Corporation (NASDAQ: IRBT) — the company that turned “Roomba” into a household verb — is now at the center of a market event investors don’t forget: a pre-packaged Chapter 11 bankruptcy process paired with a deal that hands ownership to its lender and key supplier, Shenzhen PICEA Robotics (Picea). The headline is simple, but the implications for iRobot stock are brutal: Nasdaq trading is set to be suspended on December 22, 2025, and the company has warned that common stockholders are expected to receive no recovery if the plan is approved. SEC+1 As of Dec. 16, 2025, IRBT is
16 December 2025
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Colabor Group (TSX: GCL) Warns It May Seek Creditor Protection After Refinancing Deadline Missed

Colabor Group (TSX: GCL) Warns It May Seek Creditor Protection After Refinancing Deadline Missed

SAINT‑BRUNO‑DE‑MONTARVILLE, Quebec — December 15, 2025 — Colabor Group Inc., a Quebec-based food distributor that supplies restaurants, hotels, institutions and retailers, says it is weighing creditor-protection options after it failed to deliver the refinancing commitments its lenders required by December 15—a setback that immediately rattled markets and reignited concerns about the company’s ability to stay afloat. GlobeNewswire+1 In a corporate update released Monday morning, Colabor said it has not provided—and does not expect to be able to provide—non-binding letters of intent that would satisfy its senior lenders and Investissement Québec for a refinancing package, including an equity raise of at
15 December 2025
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iRobot Bankruptcy: Roomba Maker Files for Chapter 11, Picea Robotics to Acquire and Take Company Private

iRobot Bankruptcy: Roomba Maker Files for Chapter 11, Picea Robotics to Acquire and Take Company Private

December 15, 2025 — iRobot, the Massachusetts-based company behind the Roomba robot vacuum, has filed for Chapter 11 bankruptcy protection in the United States and struck a deal that will hand ownership to its primary contract manufacturer and secured lender, Shenzhen PICEA Robotics (Picea). The company says it expects no interruption to Roomba devices, app services, customer programs, or product support as the court-supervised restructuring plays out. Reuters+2iRobot MediaKit+2 The move caps a steep reversal for one of consumer robotics’ best-known pioneers. Once buoyed by pandemic-era demand and the near-household-name status of “Roomba,” iRobot has struggled under the weight of
15 December 2025
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Stock Market Today

Vodafone shares steady up after Q3 wobble — Germany, buyback and next results now set the tone

Vodafone shares steady up after Q3 wobble — Germany, buyback and next results now set the tone

7 February 2026
Vodafone shares rose 1.47% to 110.60p Friday, recovering part of Thursday’s 4.68% drop after a Q3 update. Group revenue climbed 6.5% to €10.5 billion, but Germany’s 0.7% service revenue growth missed some forecasts. Vodafone launched a new €500 million buyback tranche, bringing total buybacks since May to €3.5 billion. Investors remain focused on Germany’s pace and cash flow execution.
NatWest Group stock: buyback filing and Rightmove mortgage deal set up a busy week

NatWest Group stock: buyback filing and Rightmove mortgage deal set up a busy week

7 February 2026
NatWest shares closed up 1.45% at 659.4 pence Friday, buoyed by a buyback of 797,428 shares and a new digital mortgage deal with Rightmove. The Bank of England held rates at 3.75% but signaled possible cuts, with markets pricing in two reductions for 2026. NatWest plans to expand its Accelerator community to 50,000 members by 2026. Annual results are due Feb. 13.
Unilever share price holds at 5,250p as results week looms — what investors watch next

Unilever share price holds at 5,250p as results week looms — what investors watch next

7 February 2026
Unilever shares closed flat at 5,250p in London Friday, underperforming the FTSE 100’s 0.6% gain. The company issued 4.2 million new shares for employee plans, bringing total shares to over 2.18 billion. Investors await Q4 and full-year results on Feb. 12, with analyst consensus pointing to 3.9% Q4 sales growth. Unilever’s U.S. ADR rose 0.8% to $72.12.
BP share price near 52-week high ahead of Feb 10 earnings as buyback runs on

BP share price near 52-week high ahead of Feb 10 earnings as buyback runs on

7 February 2026
BP shares closed up 1.9% at 478 pence Friday, just below a 52-week high, as the company continued buybacks ahead of next week’s results. BP repurchased 2.789 million shares on February 6. Oil prices firmed on geopolitical risk, with Brent at $68.05 a barrel, but sector outlook remains uncertain. Investors await BP’s earnings and dividend decision due Tuesday.
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