Phillip Pessar

Wet Seal Files For Second Bankruptcy Since 2015

In a move that will surprise no one, young women’s clothing retailer Wet Seal has filed for bankruptcy for the second time in just over two years. This time, the chain will not be re-organizing, and it’s unlikely that a new owner will come along and rescue the business out of bankruptcy. [More]

Report: Quiznos Is Preparing To File For Bankruptcy

Report: Quiznos Is Preparing To File For Bankruptcy

Is it time you start saying goodbye to your [insert favorite toasted Quiznos sandwich here]? Not quite, but the sandwich chain is reportedly readying itself to file for bankruptcy-court protection in the next few weeks, under the strain of complaining franchisees and a $570 million debt load. [More]