Patis, NYC’s largest and buzziest kosher bakery chain, files for bankruptcy
The company sold gift cards to raise capital. Now customers are racing to cash them in.
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Culture To understand the GameStop story, watch ‘The Big Short’
So you’re trying to understand the GameStop story, in which a subreddit banded together and managed to bankrupt a hedge fund, causing utter chaos on Wall Street all week. If you’re not involved in finance, it can be pretty confusing, full of jargon like pulling a “short squeeze” and requiring a decent grasp of how…
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Life Henri Bendel’s Is Closing. For Many American Jews, It’s The End Of An Era.
After 123 years in business, Henri Bendel’s announced last Friday, September 14, that it will be shuttering its doors and going out of business. The closing of Bendel’s wasn’t entirely unexpected — brick-and-mortar retail had been struggling against the onslaught of ecommerce, and Bendel’s struggled with finding its niche among other luxury retailers. It’s fitting…
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The Schmooze Harvey Weinstein’s Company Owes Malia Obama Money
Harvey Weinstein is bankrupt. Morally, and now also, in terms of his company, financially. The Weinstein Company filed for bankruptcy on Monday, and in documents obtained by several news organizations and reported first by The Blast, the company has 300 pages of creditors, including former first daughter Malia Obama, who interned for The Weinstein Company…
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Fast Forward Dov Charney Is Remaking American Apparel. Can He Remake Himself?
“We’re building, grooving, growing.” So says Dov Charney, the disgraced ex-CEO of American Apparel, in Bloomberg. But he’s not talking about American Apparel — the company liquidated its inventory after declaring bankruptcy a second time in January of this year. Charney has a new company — Los Angeles Apparel — and he’s using the same…
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Breaking News Jewish Charity FEGS Will File For Bankruptcy
The Jewish social services behemoth FEGS Health & Human Services will soon file for bankruptcy, the Forward has learned. That filling could come as early as March 18, according to someone with knowledge of the decision, who asked not to be named because of the confidential nature of the process. FEGS did not respond to…
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News Amid Detroit Bankruptcy, Jews Rally Behind Cause of Retired City Workers
Since the initial shock of Detroit’s filing for Chapter 9 bankruptcy this past summer, local residents and businesses have been largely left alone to deal with the implications of this drastic step. But Detroit’s organized Jewish community, concentrated mainly in the affluent suburbs, and largely untouched by the city’s financial demise, appears to be bucking…
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Breaking News Electric Car Company Better Place Files for Israel Bankruptcy
The electric car company Better Place, which had pledged to erect electric car charging stations throughout Israel, has filed for bankruptcy in an Israeli court. In a motion filed in Tel Aviv’s Central District Court on Sunday to dissolve the company, Better Place said it was looking for a temporary liquidator. The company, based in…
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