Diesel USA
On March 5, 2019, this retailer of denim apparel filed for Chapter 11, Business Insider reports. In its bankruptcy court documents, Diesel stated that its declining wholesale orders were due to “general downturn in the brick-and-mortar retail industry,” as well as the decreasing net sales, expensive leases, and some instances of fraud and theft. RetailDive state in an article released on March 5 that Diesel planned to reorganize as well as relocate some store locations “with a smaller footprint.” They also planned to rebrand, open a Miami pop-up shop, and open stores in locations which are strategically good for business. Some stores wouldn’t renew their leases. Hopefully, this reorganization works so all the denim fans can still buy their favorite Diesel products.
Diesel
Imerys Talc America Inc.
This company might not ring a bell but it does supply talc powder for a big company that you might recognize – Johnson & Johnson’s. It is possible that Imerys’ talc powder may not appear in Johnson & Johnson’s powder products anymore. According to Bloomberg, the Paris unit of Imerys Talc America Inc. as well as two of its subsidiaries (Canada and Vermont units) filed for Chapter 11 bankruptcy in February 2019. Imerys stated that the over 14,000 claims that it faces in the United States are the cause of its bankruptcy. Majority of the said claims came from women who believe that the talc powder that Imerys supplies is the cause of their ovarian cancer. Bloomberg also reports that other claims cite mesothelioma caused by asbestos in Imerys talc powder.
Imerys
