Thursday, June 5, 2025
News Wave
No Result
View All Result
  • Home
  • World
  • USA
  • Business
  • Sports
  • Entertainment
  • Technology
News Wave
  • Home
  • World
  • USA
  • Business
  • Sports
  • Entertainment
  • Technology
No Result
View All Result
News Wave
No Result
View All Result
Home Business

Forever 21 Operator Files for Bankruptcy

16 March 2025
in Business
0 0
Forever 21 Operator Files for Bankruptcy
Share on FacebookShare on Twitter



Forever 21’s operator in the US filed for Chapter 11 bankruptcy, listing assets of $100 million to $500 million and liabilities of $1 billion to $5 billion. The company, known for popularizing fast fashion, struggled to compete with online retailers, leading to its second bankruptcy filing in 2023. After being bought out of bankruptcy in 2019, Forever 21’s operator Sparc Group signed an agreement with Shein, a Chinese e-commerce retailer, allowing Shein to buy a third of Sparc’s shares and potentially operate stores within Forever 21 outlets.

Full Article

Tags: BankruptcyFilesoperator
Previous Post

'I had one child and I lost him' – North Macedonia mourns nightclub disaster

Next Post

Campaign to get maritime treaties ratified launches

Related Posts

CrowdStrike: Higher Sales, Higher Costs
Business

CrowdStrike: Higher Sales, Higher Costs

by My News Wave
5 June 2025
0

CrowdStrike (NASDAQ: CRWD) recently released its financial report as it approaches the one-year mark since a significant global outage in July 2024. The cybersecurity firm exceeded earnings per share (EPS) estimates while matching revenue, although it experienced declines in earnings, free cash flow, and annual recurring revenue (ARR) compared to the previous year. The company is making strides in recovery from the incident, as indicated by these financial results. Full Article

Read more
Why PVH Stock Tumbled Today
Business

Why PVH Stock Tumbled Today

by My News Wave
5 June 2025
0

Shares of PVH (NYSE: PVH), the parent company of brands like Calvin Klein and Tommy Hilfiger, experienced a significant drop of 17.7% following its first-quarter earnings report. While the company reported solid results for the quarter, it revised its outlook for the full year downward. This negative adjustment overshadowed the otherwise positive earnings announcement, leading to a decline in investor confidence. Full Article

Read more
Why ChargePoint Stock Plunged Today
Business

Why ChargePoint Stock Plunged Today

by My News Wave
5 June 2025
0

Shares of ChargePoint Holdings (NYSE: CHPT) plummeted 19.8% on Thursday morning after the company reported a fiscal Q1 2026 loss of $0.12 per share, which was double the anticipated loss of $0.06. Additionally, sales decreased by 8.8% year over year, totaling $97.6 million, falling short of analysts' expectations of over $100 million. The disappointing earnings report, which ended on April 30, led to a significant decline in investor confidence. Full Article

Read more
2 Recession-Proof Stocks to Buy and Hold
Business

2 Recession-Proof Stocks to Buy and Hold

by My News Wave
5 June 2025
0

President Trump's trade policies are raising concerns about a potential recession, leading investors to consider companies that can thrive even in tough economic times. Zoetis (NYSE: ZTS) and HCA Healthcare (NYSE: HCA) are highlighted as strong investment options due to their robust business models, which are designed to deliver consistent results and superior long-term returns. While predicting an economic downturn is challenging, investing in resilient companies is always a prudent strategy. Full Article

Read more
Warren Buffett Is Ready to Invest 0 Billion in a Stock That Meets These 3 Criteria
Business

Warren Buffett Is Ready to Invest $100 Billion in a Stock That Meets These 3 Criteria

by My News Wave
5 June 2025
0

Warren Buffett has not been actively investing lately, having been a net seller of stocks for 10 consecutive quarters, leading to a cash stockpile of nearly $348 billion for Berkshire Hathaway. During Berkshire's annual shareholder meeting in May, a shareholder inquired about potential investment opportunities, to which Buffett responded that the company is prepared to spend $100 billion on a stock, provided it meets three specific criteria. This highlights Buffett's cautious approach to investing amid...

Read more
The Next Gold Rush: Emerging Markets?
Business

The Next Gold Rush: Emerging Markets?

by My News Wave
4 June 2025
0

In a recent podcast episode, Motley Fool host Ricky Mulvey interviewed Jan van Eck, CEO of investment management firm VanEck, discussing various investment strategies and insights related to emerging markets. The conversation delves into the potential opportunities and challenges in these markets, emphasizing the importance of informed investment decisions. For more episodes of The Motley Fool's free podcasts, listeners are encouraged to visit the podcast center and explore a curated list of top stocks to...

Read more
News Wave

News Summarized. Time Saved. Bite-sized news briefs for busy people. No fluff, just facts.

CATEGORIES

  • Africa
  • Asia Pacific
  • Australia
  • Business
  • Canada
  • Entertainment
  • Europe
  • India
  • Middle East
  • New Zealand
  • Sports
  • Technology
  • UK
  • USA
  • World

LATEST NEWS STORIES

  • Bomb threat forces evacuation of Spirit Airlines flight at Detroit airport
  • Russia ‘combat ready’ while top general warns UK must prepare for attack
  • U.S. doctors, nurses will be able to work in Ontario more easily through new fast-tracked process
  • About Us
  • Disclaimer
  • Privacy Policy
  • Cookie Privacy Policy
  • Terms and Conditions
  • Contact Us

Copyright © 2025 News Wave
News Wave is not responsible for the content of external sites.

No Result
View All Result
  • Home
  • World
  • USA
  • Business
  • Sports
  • Entertainment
  • Technology

Copyright © 2025 News Wave
News Wave is not responsible for the content of external sites.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In