A List Of Companies Going Out Of Business

A List Of Companies Going Out Of Business

One of the signs of recessions is the increase in the number of international and large companies that
decided to close or to go out of business. Most of the managements of these companies stopped the
business operations to save the remaining profits. To have ideas which international enterprises have
filed bankruptcy, featured below is a list of companies going out of business in the past years.
Shabby Chic
Shabby Chic is an international manufacturer of home furnishings. Most of the products offered by the
company are antiques. It also manufactured beddings and curtains. The firm filed Chapter 11 on
January 29, 2009. The company started the liquidation of the finances of some of its branches in
America.
Chernin Shoe Outlet
This firm filed for protection of bankruptcy on February 2, 2009. The retailer of footwear experienced
financial troubles in the past seven years. In order to get money, the company decided to sell the
assets of the firm valued between $500 to $1 million. The total amount of assets listed by the firm
before it decided to go out of business is $18 million, while the debts posted by the firm amounts to
$29 million.
Bruno's and Food World
Bruno's and Food World is a grocery store that has several chains or branches in the different states
of America. The firm filed bankruptcy on February 5, 2009. The owners of the store signed sold the
company to Southern Family on April 30, 2009.
Ritz Camera Centers
Ritz Camera Centers Inc. Decided to go out of business on February 20, 2009. The company started
the liquidation process on March 20, 2009. Some of the popular products offered by the firm are
digital cameras and digital photo frames. According to the top management of the firm, one of the
factors that threatened the company's performance is the recession in America in 2008.
Fatburger
This fast food restaurant offers burgers, shakes and French fries. Its top management decided to file
protection for bankruptcy on April 10, 2009. Based on reports released by the firm, the bankruptcy or
the closure of the restaurant was caused by the recession in America in 2008.
Home Decor Products
Home Decor Products decided to stop the business operations on March 30, 2009. This home
improvement shop is known for offering faucets, power tools, swimming pool supplies and barbecue
grills that are made from high quality materials. The decline in the performance of the company in the
early 2000s led to its closure.

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