Mounting costs have pushed assisted-living centers to the brink.
The pandemic caused many elderly to avoid senior-care facilities, analysts say.
Declining enrollment and higher labor and supply costs have forced 327 nursing homes to shut down since 2020.
Relaxed dress codes and current stay-at-home realities have hammered the seller of suits and ties.
Henry Sands Brooks opened the first store in 1818 in lower Manhattan.
The bankruptcy filing is likely to impact several creditors and REITs.
A Democratic proposal would ensure that workers are paid off during corporate restructuring.
KKR faced harsh criticism last year after Toys “R” Us creditors decided to shut the chain, leaving about 33,000 employees without severance.
The holidays did nothing to stem the prolonged - and pronounced - decline of traditional retail businesses.
What will the CEO salvage for himself and his hedge fund?
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