Hertz, Gold's Gym to True Religion Apparels, US hit by wave of big ticket bankruptcies (Ld)
Major US retailers J.C. Penney, Neiman Marcus, J. Crew, Gold's Gym, True Religion Apparels, among others, have filed for bankruptcy under Chapter 11 (Reorganization Bankruptcy) of the US Bankruptcy Code in the past few months.
US is witnessing a wave of bankruptcies of erstwhile storied names especially in the retail and energy sector due to Covid-19 pandemic, Photo: Reuters