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Crafting Trouble: Joann Declares Bankruptcy For Second Time In Less Than 12 Months Crafting Trouble: Joann Declares Bankruptcy For Second Time In Less Than 12 Months
Crafting Trouble: Joann Declares Bankruptcy For Second Time In Less Than 12 Months Arts and crafts retailer Joann is declaring bankruptcy for the second time in less than a year, officials said. Joann filed for Chapter 11 bankruptcy in a Delaware court, the company said in a news release on Wednesday, Jan. 15. The chain known for sewing and other craft materials said the move will help facilitate a sale to maximize the business's value. Interim CEO Michael Prendergast said the bankruptcy declaration was necessary despite the chain's efforts to drastically improve its financial health. "Since becoming a private company in April [2024], the Board and management team h…
'Fed-Up' Harrisburg Mayor Demands Action On Governor Square Apartments Amid 1,900 Violations 'Fed-Up' Harrisburg Mayor Demands Action On Governor Square Apartments Amid 1,900 Violations
'Fed-Up' Harrisburg Mayor Demands Action On Governor Square Apartments Amid 1,900 Violations Harrisburg Mayor Wanda R.D. Williams has filed a petition to appoint a receiver for the Governor Square Apartments, a 221-unit housing complex at 2020 Fulton Street, due to unsafe living conditions and ongoing legal disputes, the city announced Friday, Jan. 10. The petition follows years of neglect at the low-income housing complex, which has racked up over 1,900 code violations and multiple condemnation orders. Half of the units are either empty or deemed uninhabitable, city officials said. Despite repeated citations, necessary repairs have not been completed, leaving tenants in precarious …
Red Lobster Suddenly Closes Dozens Of Locations Nationwide: Here's Where Red Lobster Suddenly Closes Dozens Of Locations Nationwide: Here's Where
Red Lobster Suddenly Closes Dozens Of Locations Nationwide: Here's Where Red Lobster has abruptly closed dozens of locations across the United States. According to a Bloomberg, the fast-casual seafood restaurant has considered filing for bankruptcy. The following locations are listed as being temporarily closed on the Red Lobster website, with some set to be auctioned off. MD: Columbia, Laurel, Silver Spring, Gaithersburg NJ: Ledgewood, Lawrenceville, East Brunswick, Bridgewater PA: Erie VA: Newport News, Williamsburg, Colonial Heights TAGeX Brand, which bills itself as the world's largest after-marketplac…