Bankruptcy News

ATLANTA--(BUSINESS WIRE)--Multi-Color Corporation (“MCC” or the “Company”), a global leader in prime label solutions, today announced that the United States Bankruptcy Court for the District of New Jersey (the “Court”) has confirmed the Company’s prepackaged plan of reorganization (the “Plan”). MCC expects to emerge from prepackaged Chapter 11 in the coming weeks. Under the terms of the Plan, MCC will complete a comprehensive restructuring transaction that significantly deleverages the Company’...

LONG ISLAND, N.Y.--(BUSINESS WIRE)--JVK Operations Limited, now also doing business as Lighthouse Linen, and one of the largest independent commercial linen service providers in the U.S., today announced that it has successfully emerged from Chapter 11 reorganization. The Plan of Reorganization, confirmed by the United States Bankruptcy Court for the Eastern District of New York on January 12, 2026, became effective on March 13, 2026. The company’s emergence is facilitated by a control investme...

HOUSTON & FORT WORTH, Texas--(BUSINESS WIRE)--Axip Energy Services, LP and certain of its affiliates (collectively “Axip” or the “Company”) and Service Compression, LLC (“Service Compression”) today announced that the United States Bankruptcy Court for the Southern District of Texas (the “Court”) has approved an Asset Purchase Agreement (the “Stalking Horse APA”) for the sale of substantially all of Axip’s assets and business operations to Service Compression for a purchase price of $161 millio...

CHELMSFORD, Mass.--(BUSINESS WIRE)--The Cannabist Company Holdings Inc. (Cboe CA: CBST) (OTCQB: CBSTF) (“The Cannabist Company” or “the Company”) today announced that it and certain of its subsidiaries have entered into two definitive agreements to sell (i) all of the ownership interests of its subsidiaries engaged in the business of cultivating, producing, manufacturing, distributing and selling cannabis in the State of Ohio to Holistic Industries Inc., a Delaware corporation (“Holistic”); and...

MILAN--(BUSINESS WIRE)--Ermenegildo Zegna N.V. (NYSE:ZGN) (the “Company” and, together with its consolidated subsidiaries, the “Ermenegildo Zegna Group” or “the Group”) today announced Profit of €109.5 million for FY 2025, up 20% year-on-year (YoY), compared to €90.9 million in FY 2024. Adjusted EBIT for FY 2025 was €163.0 million (€173.0 million before a €10 million provision for expected losses on trade receivables related to Saks Global), compared to €184.0 million in FY 2024. Ermenegildo “G...

HOUSTON--(BUSINESS WIRE)--Axip Energy Services, LP and certain of its affiliates (collectively “Axip” or the “Company”), leading providers of natural gas compression services, today announced that they have filed voluntary petitions for Chapter 11 relief in the United States Bankruptcy Court for the Southern District of Texas (the “Court”) to facilitate a sale process for the Company’s assets and business operations. The Company intends to continue operating its business in the ordinary course...

BELLEVUE, Wash.--(BUSINESS WIRE)--Eddie Bauer LLC (the “Retail Company”), operator of Eddie Bauer stores in the United States and Canada and a licensee of the Eddie Bauer brand, today announced that it has entered into a Restructuring Support Agreement (“RSA”) with the Retail Company’s secured lenders and commenced voluntary chapter 11 cases in the United States Bankruptcy Court for the District of New Jersey (the “Court”). The RSA is designed to enable the Retail Company to move through the ch...

SAN JOSE, Calif. & HOUSTON--(BUSINESS WIRE)--Linqto, Inc. today announced that the Company’s Plan of Reorganization (“the Plan”) was confirmed by the United States Bankruptcy Court for the Southern District of Texas. With this approval in place, the Company expects the Plan to be effective and to emerge from Chapter 11 as soon as practicable. Last week, Linqto announced that customers overwhelmingly voted to approve the Company’s Chapter 11 bankruptcy plan, with more than 95% of the customers w...

ATLANTA--(BUSINESS WIRE)--Multi-Color Corporation (“MCC” or the “Company”), a global leader in prime label solutions, today announced that it has received approval from the U.S. Bankruptcy Court for the District of New Jersey (the “Court”) for first day relief related to its prepackaged Chapter 11 filed on January 29, 2026. The approved relief affirms that the Company will operate in the normal course, pay all trade vendors and suppliers in full, and maintain a strong liquidity position during...

MILAN--(BUSINESS WIRE)--Ermenegildo Zegna N.V. (NYSE:ZGN) (the “Company” and, together with its consolidated subsidiaries, the “Ermenegildo Zegna Group” or the “Group”) today announced preliminary and unaudited revenues of €1,916.9 million for fiscal year 2025, -1.5% YoY from €1,946.6 million in fiscal year 2024 (+1.1% organic). In the fourth quarter of 2025 revenues reached €591.0 million, +0.3% YoY and +4.6% organic. Ermenegildo “Gildo” Zegna, Executive Chairman of the Ermenegildo Zegna Group...