Diesel USA
This denim apparel retailer filed for Chapter 11 bankruptcy protection on March 5, 2019. Diesel said that the declining wholesale orders were caused by a “general downturn in the brick-and-mortar retail industry.” It was also due to high leases, dropping net sales, and even fraud and theft. Diesel said that it would reorganize and relocate store locations to somewhere “with a smaller footprint.” It also hoped to rebrand, shut down certain stores, launch a Miami pop-up shop, and open locations in strategic places.
Diesel
Imerys Talc America Inc.
Imerys Talc America Inc. is the supplier of talc powder for Johnson & Johnson’s. However, this might change soon. Bloomberg said that its Paris unit, as well as those in Canada and Vermont, applied for Chapter 11 bankruptcy protection in February 2019. The company is facing 14,000 claims in the United States that caused this. Women alleged that the talc powder let to ovarian cancer and mesothelioma!
Imerys
