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Clovis Oncology, Inc. has filed for bankruptcy due to the combination of poor sales tied to its cancer drug, Rubraca, and a significant debt load.
The party's over. Party City Holdco put up a fight, but suffocating debt and supply chain woes forced the American retailer into Chapter 11 bankruptcy.
China-based property developer China Aoyuan Group Limited defaulted on its bonds and rating agencies withdrew their ratings in January. Additionally, its auditor resigned. Could the company be on the brink of insolvency?
In the conclusion of a recent article by author Adam Fiore of The Real Deal, CreditRiskMonitor President William Danner spoke about the financial challenges facing Neiman Marcus Group LTD LLC.
In this Distressed Supplier Report, the near-term fate of Triumph Group, Inc. is discussed: why this supplier is in trouble, which SupplyChainMonitor features are unearthing Triumph Group's hidden dangers, and the contingency plans procurement professionals must make to keep their supply chain intact in the face of the company's ballooning financial risk level.
The seismic data survey industry appears to be sinking; can Norwegian company PGS ASA stay afloat in 2021 in the midst of an oil price crisis?
CreditRiskMonitor reported that revenues for the year ended Dec. 31, 2019 increased to $14.50 million up 4% from $13.89 million in 2018.
Tupperware Brands Corporation is fighting to keep a lid on its fast-growing debt and bankruptcy risk potential. Is a Chapter 11 filing simply a matter of time?
In this Bankrupt Supplier Report, the recent bankruptcy of Unique Fabricating, Inc. is explored: why this supplier was in trouble, which SupplyChainMonitor features provided early warning of the company's various risks, and what procurement professionals could have done - and must do in the future - to keep their supply chain intact when faced with financially distressed suppliers.