A major shift in financial reality has happened for one of the most prominent figures in Black entrepreneurship. Recent bankruptcy court filings reveal that Slutty Vegan founder Aisha “Pinky” Cole is now facing around $4 million in personal debt. This…
As part of its bankruptcy restructuring, Saks is closing the majority of its OFF 5TH stores. Saks Global, which is in charge of Saks Fifth Avenue, Neiman Marcus, Bergdorf Goodman, and Saks OFF 5TH, reportedly had to file for a…
In a recent legal development, Judge Michael E. Romero issued a limited protective order in the ongoing lawsuit involving Shilo Sanders, a former NFL hopeful. This order restricts the use of designated discovery material solely for the merits of the…
Red Lobster, a prominent seafood restaurant chain with 649 locations across the United States, is reportedly considering a Chapter 11 bankruptcy filing as it grapples with mounting debt. According to sources familiar with the matter who spoke to Bloomberg on…
