Companies That Filed For Bankruptcy In 2023
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As the economy emerged from the Covid-19 pandemic, several firms faced issues of high costs, supply shortages and growing competition
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Bankruptcy does not always mean that a company is collapsing. To reduce expenses, wind down some activities, get rid of debt, many US firms file for bankruptcy
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The Body Shop, the cosmetics company renowned for its ethical hair and skin products is bankrupt in the UK after poor Christmas trade
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Here are some companies that filed for bankruptcy in 2023
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WeWork struggled to recover from the pandemic and failed 2019 IPO. The petition allowed it to operate as it worked out debt repayment
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Chinese property giant Evergrande Group filed for bankruptcy protection in the United States in August 2023
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In June, Ernest Hillier Chocolates, Australia's oldest chocolatier, announced that it had collapsed and entered into voluntary administration
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Vice Media Group, the parent company of media websites Vice and Motherboard, filed for bankruptcy in May 2023
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British billionaire Sir Richard Branson's firm Virgin Orbit filed for bankruptcy in the US after failing to secure new investment in April
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In April 2023, Bed Bath & Beyond filed for bankruptcy and shut down its final 360 locations in one of the largest retail insolvencies in years
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