Bankruptcy & Restructuring News Headlines for Tuesday Nov 7, 2023

Here's what we are reading this morning:

CEO of new Bed Bath & Beyond steps down | Retail Dive: Jonathan Johnson, who led Overstock since 2019, is moving aside as the company transitions to a new corporate identity.

WeWork files for bankruptcy, capping a stunning downfall - MarketWatch: Office-sharing company WeWork Inc. filed for chapter 11 bankruptcy protection in New Jersey on Monday, after a decade of financial turmoil and four years since it was valued at $47 billion valuation.

WeWork Files for Bankruptcy - WSJ: The flexible-office-space venture, valued at $47 billion at its peak, is facing the consequences of excessive expansion that left it with many unprofitable locations.

WeWork Goes Bankrupt, Capping Co-Working Company’s Downfall: Former high-flying startup WeWork Inc. filed for bankruptcy, marking a fresh low for the co-working company that struggled to recover from the pandemic and its failed initial public offering in 2019.

WeWork Files for Bankruptcy Amid Glut of Empty Offices - The New York Times: The move is a blow for landlords who have rented space to the co-working group, which is planning a “comprehensive reorganization” that includes cutting some of its leases.

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