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Bankruptcy News 24 November 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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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

Saks Global, owner of Saks Fifth Avenue, Neiman Marcus, and Bergdorf Goodman, filed for Chapter 11 bankruptcy in Texas after missing a $100 million interest payment tied to its Neiman Marcus acquisition. The company reported $1.75 billion in financing, including $1 billion in debtor-in-possession funding, and expects stores to remain open. Geoffroy van Raemdonck replaced Richard Baker as CEO. Major luxury suppliers are listed as unsecured creditors.
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

Saks Global filed for Chapter 11 bankruptcy in Texas late Tuesday, securing $1.75 billion in financing to keep Saks Fifth Avenue, Bergdorf Goodman, and Neiman Marcus running. Former Neiman Marcus chief Geoffroy van Raemdonck replaced Richard Baker as CEO. Court filings list up to $10 billion in assets and liabilities, with major creditors including Chanel and Kering. Stores and websites remain open, the company said.
14 January 2026
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
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
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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iRobot Corporation Stock (IRBT) in Focus: Chapter 11 Bankruptcy, Picea Buyout Plan, and What It Means for Shareholders (Dec. 15, 2025)

iRobot Corporation Stock (IRBT) in Focus: Chapter 11 Bankruptcy, Picea Buyout Plan, and What It Means for Shareholders (Dec. 15, 2025)

iRobot Corporation (NASDAQ: IRBT) — the Roomba robot vacuum pioneer that helped make “robots in the home” feel normal — is now at a make-or-break moment for investors. On December 14–15, 2025, the company announced it has entered a court-supervised, pre-packaged Chapter 11 bankruptcy process tied to a deal that would transfer ownership to its secured lender and primary contract manufacturer, Shenzhen PICEA Robotics (together with Santrum Hong Kong). PR Newswire+1 For IRBT stockholders, the headline isn’t just “bankruptcy.” It’s the line in iRobot’s own announcement that changes everything: the company expects common shareholders to receive no recovery if the
15 December 2025
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Spirit Airlines Bankruptcy: Dec. 13 Funding Deadline Fuels Shutdown Fears as American Airlines Expands at Chicago O’Hare

Spirit Airlines Bankruptcy: Dec. 13 Funding Deadline Fuels Shutdown Fears as American Airlines Expands at Chicago O’Hare

Updated: December 13, 2025 — Spirit Airlines is facing a pivotal Chapter 11 milestone today that could determine whether the ultra-low-cost carrier can keep flying without disruption into the peak holiday travel stretch. Rival airlines are reportedly preparing contingency plans for a potential Spirit shutdown, even as Spirit insists flights are operating normally. At the same time, American Airlines emerged as an unexpected—and increasingly visible—player in Spirit’s bankruptcy orbit, buying Spirit’s O’Hare gates and formally joining the bankruptcy docket to receive court filings.Reuters+ 5The Air Current+ 5DRY+ 5 What’s happening today: the Dec. 13 Spirit Airlines funding milestone The immediate
13 December 2025
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Nasdaq: NKLA (Now NKLAQ) Stock in December 2025 – Bankruptcy, Delisting and the Final Chapter for Nikola Shareholders

Nasdaq: NKLA (Now NKLAQ) Stock in December 2025 – Bankruptcy, Delisting and the Final Chapter for Nikola Shareholders

Updated December 7, 2025 Nikola Corporation — once hyped as a “next Tesla” hydrogen truck pioneer under the Nasdaq ticker NKLA — is now deep in Chapter 11 bankruptcy, delisted from Nasdaq, and trading over‑the‑counter as NKLAQ at fractions of a cent. The legal and financial endgame is essentially written: a confirmed Plan of Liquidation that cancels all common stock with no recovery for shareholders. TechStock²+3Nikola Corporation+3Stock Titan+3 For traders still seeing “Nasdaq: NKLA stock” headlines in screeners or watchlists, it’s critical to understand that the Nasdaq listing is gone, the business has effectively shut down, and the remaining stock
7 December 2025
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Spirit Airlines Stock in December 2025: What SAVEQ and FLYYQ Investors Need to Know After the Second Bankruptcy

Spirit Airlines Stock in December 2025: What SAVEQ and FLYYQ Investors Need to Know After the Second Bankruptcy

As of December 7, 2025, “Spirit Airlines stock” is no longer a simple NYSE ticker like SAVE. Instead, it sits deep in distressed territory under two over‑the‑counter symbols — SAVEQ and FLYYQ — after two Chapter 11 bankruptcies in barely a year, a massive fleet cut, and a restructuring plan that explicitly says existing shareholders should expect no recovery. Investing.com+5SEC+5Cash App+5 This article walks through the latest news, forecasts and analysis around Spirit’s stock situation as of today, and explains what’s actually trading when investors search for “Spirit Airlines stock.” 1. Which “Spirit Airlines stock” are we talking about now?
7 December 2025
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Nikola Corp (NKLAQ) Stock in December 2025: Bankruptcy, Liquidation and What’s Next for Shareholders

Nikola Corp (NKLAQ) Stock in December 2025: Bankruptcy, Liquidation and What’s Next for Shareholders

As of December 6, 2025, Nikola Corporation’s stock — now trading over the counter under the ticker NKLAQ — is essentially a liquidation stub. Shares change hands for about $0.0026, down roughly 99–100% over the past year, with a 52‑week range of $0.0001–$1.79.StockAnalysis+1 At the same time, a court‑approved Plan of Liquidation is moving toward an effective date in December 2025, under which all common stock will be cancelled with no recovery for shareholders.Stock Titan This article walks through the latest developments around Nikola’s bankruptcy, the status of NKLAQ, what the liquidation plan actually says, how analyst forecasts fit (or
6 December 2025
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Keystone Brewing Group on Brink of Administration: What It Means for Black Sheep, Purity and Hofmeister

Keystone Brewing Group on Brink of Administration: What It Means for Black Sheep, Purity and Hofmeister

The UK beer industry has been rocked by news that Keystone Brewing Group – the Breal-backed owner and distributor behind Black Sheep Brewery, Purity Brewing Co, Magic Rock, Fourpure and Hofmeister – has filed a notice of intention to appoint administrators, putting hundreds of jobs and some of Britain’s best‑known craft beer brands under threat. Sky News+1 At the same time, Hofmeister Brewing Company has moved quickly to reassure pubs and drinkers that supplies of its lager will continue uninterrupted through the crucial Christmas trading period. MorningAdvertiser.co.uk What has happened to Keystone Brewing Group? On Friday 28 November 2025, Keystone
28 November 2025
CLSD Stock Crashes Over 60% Today as Clearside Biomedical Files for Chapter 11 Bankruptcy

CLSD Stock Crashes Over 60% Today as Clearside Biomedical Files for Chapter 11 Bankruptcy

Monday, November 24, 2025 Clearside Biomedical’s CLSD stock is in freefall today after the eye‑disease biotech announced a voluntary Chapter 11 bankruptcy filing and plans to pursue a court‑supervised sale of its business and assets. By late afternoon on Monday, CLSD was trading around $0.88, down roughly 68% on the day, according to intraday pricing data from MarketBeat. MarketBeat+1 Earlier in the session, multiple outlets reported the shares sliding to roughly $0.85–$0.86 following the news, a collapse from Friday’s close at $2.69 and a new 52‑week low. TradingView+2Nasdaq+2 Key Takeaways for CLSD Stock Today CLSD Stock Price Today: A Collapse
24 November 2025
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American Signature, Value City Furniture Parent Files Chapter 11: Store Closures, WARN Layoffs and Holiday Sales Explained (Nov. 24, 2025)

American Signature, Value City Furniture Parent Files Chapter 11: Store Closures, WARN Layoffs and Holiday Sales Explained (Nov. 24, 2025)

Published: November 24, 2025 American Signature, Inc. — the Columbus-based, family-owned parent company of Value City Furniture and American Signature Furniture — has entered Chapter 11 bankruptcy protection, marking one of the biggest collapses in the U.S. furniture sector this year. As of Monday, November 24, 2025, new details are emerging about the retailer’s court-supervised sale process, WARN layoff notices, creditor list and what all of this means for shoppers heading into the holiday season. What happened: American Signature files for Chapter 11 in Delaware American Signature announced that it has filed voluntary petitions for Chapter 11 relief in the
24 November 2025
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Stock Market Today

Home Depot stock price: jobs, inflation and a Feb. 24 earnings test loom

Home Depot stock price: jobs, inflation and a Feb. 24 earnings test loom

7 February 2026
Home Depot shares rose 0.7% to $385.15 Friday, trading between $379.10 and $386.37. Investors await a delayed U.S. jobs report Wednesday and CPI data Friday, both postponed by a brief government shutdown. Home Depot reports fourth-quarter earnings Feb. 24. The Dow closed above 50,000 for the first time.
JPMorgan stock price jumps 4% into weekend as Wall Street braces for a busy data week

JPMorgan stock price jumps 4% into weekend as Wall Street braces for a busy data week

7 February 2026
JPMorgan shares rose 3.95% to $322.40 Friday, outpacing other major banks as U.S. stocks rallied and the Dow closed above 50,000 for the first time. The bank recently completed a $3 billion subordinated notes offering. Investors are watching for delayed U.S. jobs data and inflation figures next week, ahead of JPMorgan’s Feb. 23 company update.
AbbVie stock price: ABBV ends week near $223 after earnings swing — what to watch next

AbbVie stock price: ABBV ends week near $223 after earnings swing — what to watch next

7 February 2026
AbbVie shares rose 2% to $223.43 Friday, capping a volatile week marked by earnings and drug sales scrutiny. Moody’s upgraded AbbVie’s credit rating to A2, citing strong performance in immunology and neuroscience. Investors remain focused on Skyrizi and Rinvoq growth amid rising competition and recent regulatory filings. Trading volume stayed below average, with the stock still 9% off its 52-week high.
SK hynix stock price slips into Monday after S&P upgrade, tech selloff

SK hynix stock price slips into Monday after S&P upgrade, tech selloff

7 February 2026
SK hynix shares closed at 839,000 won, down 0.36% Friday and 8% for the week, as tech stocks retreated across Asia. S&P Global Ratings upgraded the chipmaker to “BBB+” with a positive outlook, citing strong HBM sales. The KOSPI fell 1.4% Friday, ending a six-week winning streak. Traders await Monday’s Seoul open for signs of further tech weakness.
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