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Business

Hudson’s Bay Company Bankruptcy Leaves Local Business Owed $80K in Unpaid Invoices

Noah Perreault
31 March 2025
0

THUNDER BAY — A local business owner was caught off guard by the recent bankruptcy filing of the Hudson’s Bay Company (HBC), which plans to […]

Red Lobster Investigates Decline in ‘Endless Shrimp’ Sales Following Bankruptcy Declaration

Noah Perreault
21 May 2024
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Red Lobster, having filed for Chapter 11 bankruptcy in Florida on Sunday evening, is delving into the involvement of its majority owner Thai Union in […]

Red Lobster Contemplates Bankruptcy Amidst $11 Million Loss Linked to Endless Shrimp Promotion

Noah Perreault
18 April 2024
0

Red Lobster Contemplates Chapter 11 Bankruptcy Amid Mounting Debt, Sources Say Reports suggest that Red Lobster is weighing the option of filing for Chapter 11 […]

Bankruptcies Surge by 55% in the Restaurant Sector

Noah Perreault
7 November 2023
0

Inflation is significantly impacting restaurant owners, leading to a 55% increase in bankruptcies, a rate much higher than the pre-pandemic period, as reported by Richard […]