The COVID-19 pandemic has plunged the retailer into a liquidity crisis that "could not be resolved through short-term measures."
“While our core business remains strong, with attractive profitability and cash flow characteristics, our debt levels are too high."
The world's biggest oil producer has agreed to buy 20% of Reliance Industries' chemicals and refining business in a deal valued at $15 billion.
The wedding dress retailer has been struggling with debt amid a declining marriage rate and changing consumer tastes.
"This is the inevitable end game of an effective liquidation process that has been going on for many years," a retail analyst says.
Democratic lawmakers have asked KKR and Bain Capital whether they had "a deliberate policy" to load the defunct retailer with debt.
Gibson Brands blames its bankruptcy on its attempt to evolve into a lifestyle brand by acquiring electronics companies.
The ear-piercing specialist says its core business is poised for growth but its debt burden is no longer sustainable.
The iconic gun maker cites "difficult industry conditions" in announcing it has reached a debt-reduction agreement with creditors.
The coated paper industry "faces a long-term, structural decline as dependency on digital technology has increased," the company says.
S&P cites the possibility that Toys may address maturing bonds at less than par or engage in a broader restructuring.
A collection of CFO.com articles and stories published on July 28, 2015.
