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News

December 13, 2023

Uncertain Future: Preit, Owner Of 19 Mid-Atlantic Regional Malls, Files For Bankruptcy Again

The Pennsylvania Real Estate Investment Trust (Preit) has filed a Chapter 11 petition in the federal Delaware bankruptcy court and presented a reorganization plan to reduce indebtedness.

News

November 28, 2023

Another popular furniture retailer files Chapter 11 bankruptcy

Another huge name in the space also faces significant danger of a financial default or even its own bankruptcy filing.

News

November 1, 2023

1 big thing: A short-lived holiday reprieve

Even though consumer spending, the labor market, and GDP growth remain healthy, there are risks that could put coal in distressed companies' stockings this holiday season, analysts say.

News

October 24, 2023

Everstream Analytics and RapidRatings Partner to Advance Supplier Financial Risk Management

Collaboration Delivers Enhanced Predictive Financial Risk Intelligence to Strengthen Network Agility and Resilience

News

October 19, 2023

The auto supply chain struggled financially for years. Then came the strikes.

Industry suppliers had risky financial scores and profitability indicators prior to the labor disruption, according to RapidRatings.

News

October 17, 2023

Shares of bankrupt Rite Aid plunge despite meme-stock chatter

After halting on Monday, trading in Rite Aid’s stock resumed Tuesday

News

October 17, 2023

Vendors to Know in 2023

Spend Matters celebrates 10 consecutive years of the ’50 Providers to Know’ list highlighting leading technology and services providers that continue to raise the bar for procurement.

News

October 16, 2023

Rite Aid files for Chapter 11 bankruptcy, names new CEO

The pharmacy retailer plans to use bankruptcy to shrink its store footprint and manage a nearly $4 billion debt load.

News

October 5, 2023

Rite Aid faces NYSE delisting

News of the company’s possible removal from the New York Stock Exchange follows talks of a possible bankruptcy filing.

News

September 26, 2023

Bankruptcy watch: Essential retailer may close 500 stores

The chain has been talking to creditors and weighing its options but store closures and Chapter 11 are on the table, according to a major report.