Toys R Us
The financial troubles of Toys R Us have been reported intensely in the media. It filed for bankruptcy in 2018 and it stated that it planned that all of its stores would be liquidated. That translated to huge clearance sales at its 735 stores across the U.S. Business Insider said that it planned to close all of its stores as fast as it could. This is because the longer they open, the more they would have to pay the landlords.
Toys R Us
However, there are reports popping up that the brand is not dead yet. It was said that at the end of 2018, the Toys R Us ‘owners’ canceled its bankruptcy auction. This caused some news agencies to speculate whether it would actually gear up for a comeback or not.
Bertucci’s
This casual Italian restaurant chain filed for Chapter 11 bankruptcy in the spring of 2018. The Massachusetts-based restaurant closed around 15 of its locations in April, according to Associated Press. At that point, there were 59 restaurants located in 10 different states. Bertucci’s was acquired by Earl Enterprises, an Orlando Florida-based company for a staggering $20 million.
Bertucci’s
Earl Enterprises also has stakes on very popular brands like Earl of Sandwich, Planet Hollywood and Buca di Beppo, another Italian restaurant chain. Biz Journals said that the deal covered a $13 million debt, $4 million credit and $3 million cash. Biz Journals then continued to describe Bertucci’s difficulty in competing against other restaurants.
