Gym owner Town Sports warned a filing was imminent as it tried to strike a refinancing deal with lenders.
The company says its insurers “turned their backs on us" as it tried to recover from store closures due to the COVID-19 pandemic.
It is the second bankruptcy filing for the oil and gas producer in four years.
Tailored Brands is the latest of more than 20 private and public retailers to have declared bankruptcy this year.
"The development of COVID-19 into a global pandemic erased any doubt as to whether Noble would be able to avoid bankruptcy,” the offshore rig operator said.
“For many restaurants, the COVID-19 pandemic will be the greatest challenge they will ever face; for some, it may also be their last.”
It is the 200-year-old gunmaker’s second filing since 2018.
The gas engine maker was “losing money and burdened by large debts when the economic downturn caused by the coronavirus pandemic hit.”
The Japanese retailer's U.S. stores are in prime locations, leaving it struggling to make enough money to overcome expensive leases.
“This sale process will result in a revitalized Sur La Table, positioned to thrive in a post COVID-19 retail environment."
Some perceive Chapter 11 as a fix-all for troubled companies, even though it’s not.
NPC International has been dealing with “a perfect storm of problems” including coronavirus-related shutdowns, a massive debt load, and rising costs.
