Bankruptcy & Restructuring News Headlines for Friday Aug 9, 2024

Here's what we are reading this morning:

The Container Store sales fall 12% in Q1 | Retail Dive: The results for the quarter, which included online sales decreasing nearly 26%, show a company “that remains in freefall,” according to one analyst

Store closures a factor in Allbirds Q2 sales nosedive: Allbirds on Wednesday said its Q2 net revenue plunged 26.8% year over year to $51.6 million, in part due to the closure of 10 stores during the period

Bitcoin (BTC) Miner With Celsius Assets Delays IPO Plan After Losing CEO and Auditor: Ionic Digital, the bitcoin miner that bought bankrupt crypto lender Celsius' mining assets, has delayed a plan to go public after losing its CEO and auditor

Pitney Bowes Announces Value-Maximizing Exit Path for Global Ecommerce Segment | Business Wire: Company Sells Controlling Interest in Global Ecommerce Entities to Hilco Commercial Industrial, Which Intends to Lead Orderly and Expeditious Wind-Down of Global Ecommerce Business





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