10 Global Companies file bankruptcy due to COVID-19.


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Uploaded on Jun 12, 2020

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10 Global Companies file bankruptcy due to COVID-19.

10 Global Companies file bankruptcy due to COVID-19 INTRODUCTION • The COVID-19 outbreak has sent global markets into bear territory and economies into recession. • As the pandemic stretches on, it’s inducing a growing number of bankruptcy filings. Source: Google Image Apex Parks Group • HEADQUARTERS: Aliso Viejo, California • NUMBER OF EMPLOYEES: Unknown • NUMBER OF LOCATIONS: 2 water parks, 10 family entertainment centres • FILING DATE: April 8, 2020 Source: Google Image Art Van Furniture • HEADQUARTERS: Warren, Michigan • NUMBER OF EMPLOYEES: 3,100 • NUMBER OF LOCATIONS: 190 • FILING DATE: March 8, 2020 Source: Google Image Cinemex Holdings • HEADQUARTERS: Miami, Florida • NUMBER OF EMPLOYEES: 2,750 • NUMBER OF LOCATIONS: 41 • FILING DATE: April 25 Source: Google Image Diamond Offshore Drilling • HEADQUARTERS: Houston, Texas • NUMBER OF EMPLOYEES: 2,500 • NUMBER OF LOCATIONS: 15 drilling rigs • FILING DATE: April 26 Source: Google Image FoodFirst Global Restaurants • HEADQUARTERS: Orlando, Florida • NUMBER OF EMPLOYEES: 6,000+ • NUMBER OF LOCATIONS: 92 • FILING DATE: April 11 Source: Google Image Gold's Gym • HEADQUARTERS: Dallas, Texas • NUMBER OF EMPLOYEES: Unknown • NUMBER OF LOCATIONS: Approximately 700 • FILING DATE: May 4 Source: Google Image Intelsat • HEADQUARTERS: McLean, Virginia • NUMBER OF EMPLOYEES: 1,100 (estimate) • NUMBER OF LOCATIONS: Three U.S. offices • FILING DATE: May 13 Source: Google Image JCPenney • HEADQUARTERS: Plano, Texas • NUMBER OF EMPLOYEES: 95,000 • NUMBER OF LOCATIONS: 846 • FILING DATE: May 15 Source: Google Image J. Crew • HEADQUARTERS: New York, New York • NUMBER OF EMPLOYEES: 13,000 • NUMBER OF LOCATIONS: 491 • FILING DATE: May 4 Source: Google Image THANK YOU