Beleaguered craft retailer JOANN Fabrics announced Wednesday that the chain would be closing 500 of its 800 store catalogue – which includes the Santa Clarita location. In January, JOANN Fabrics filed for Chapter 11 bankruptcy for the second time in just 10 months, leading to Wednesday’s statement of intention to seek court approval to begin closing approximately 500 stores across ...

Discount retailer Big Lots has filed for Chapter 11 bankruptcy, the company announced Monday. “We are proud of the work we do every day across Big Lots to provide our customers with unmistakable value and exceptional savings, as well as building stronger communities through our philanthropic efforts,” said Bruce Thorn, President and Chief Executive Officer, in a statement Monday. “The ...

The Italian-American restaurant chain Buca Di Beppo announced Monday that it has filed for Chapter 11 bankruptcy. About $1.36 million of the Orlando-based company’s debt is for gift cards that customers have not yet used. The total amount owed to creditors ranges from $15 million to $50 million, according to a court filing from Buca Di Beppo. Along with the ...

Major craft retailer JOANN filed for Chapter 11 bankruptcy Monday morning. Known as a supplier of craft materials, home decor, and sewing supplies, JOANN increased interest rates and decreased sales after COVID-19. As of the filing, the company held over $1.06 billion in debt, according to court documents. Of the 800 locations nationwide, including the store in Santa Clarita, none ...

Sizzler announced Tuesday that the company has filed for voluntary Chapter 11 protection in the U.S. Bankruptcy Court due to the coronavirus pandemic, officials said. In connection with the filing, Sizzler is set to begin a restructuring process that is expected to allow the restaurant chain to reduce its long-term debt and renegotiate leases with landlords in order to effectively ...

Haggen Food and Pharmacy has announced that a U.S. bankruptcy court confirmed the sale of the grocers Saugus location to Albertsons. Don’t miss a thing. Get breaking Santa Clarita news alerts delivered right to your inbox. The Haggen location in Saugus, which opened in June, will be closing Thursday, Dec. 3. 2015. Albertsons LLC bought the majority of Haggen’s locations, picking up ...