Joann, a once-thriving crafts and fabrics retailer, is now grappling with its second bankruptcy filing, casting a shadow over its future. The company's decision to close 500 out of its 829 stores across the United States is a direct response to the mounting financial, economic, and industry
The growing trend of planned bankruptcies among retail chains in the Netherlands is causing a stir among industry stakeholders, raising questions about its ethical and financial implications. Planned bankruptcies, a restructuring strategy that allows companies to continue operating post-insolvency,
The operator responsible for managing and overseeing KFC and Pizza Hut in Türkiye has officially filed for bankruptcy, marking a significant and troubling development in the nation's fast-food industry. This financial distress reflects broader economic challenges facing many businesses in
In recent years, the role of Chief Legal Officers (CLOs) has significantly expanded, transcending traditional legal duties to encompass a broader range of responsibilities. This evolution is fueled by a growing need for strategic oversight in corporate governance and risk management. CLOs are now
The Risk Management Division of New Mexico’s state government is grappling with severe financial difficulties due to a significant shortfall in its settlement fund. This fund is designed to cover settlements resulting from legal claims against various state agencies. The challenges, causes, p
Proper risk and compliance management is crucial for protecting dealerships from legal issues, as failure to do so can result in substantial financial losses, potentially costing millions of dollars. This scenario is highlighted by Thomas Kline, a leading consultant and founder of Better Vantage
