Pacific Gas and Electric (PG&E)
On January 29, 2019, this investor-owned electric and gas company filed for Chapter 11 bankruptcy as a result of the wildfires in California in 2017 and 2018. It is interesting to note that the company wants to approve around $235 million worth of bonuses for its employees. Will it affect the company’s bankruptcy issue somehow? Senator Jerry Hill, the California state senator, said, “$235 million would go a long way to support the victims of last year’s wildfires.” The bankruptcy filing had put the claims from creditors and wildfire victims in limbo. We don’t really know much about utility companies but isn’t victim claims more important than employee bonuses?
PG&E
Things Remembered
We definitely hope that this company doesn’t become things forgotten! On February 6, 2019, Things Remembered filed for Chapter 11 bankruptcy, Business Insider reports. This company makes personalized keepsakes such as bags and wallets with a person’s name on it as well as engraved jewelry. They also produce products for you to keep your keepsakes in such as jewelry boxes. Luckily, this personalized gift shop is still open to those who want to purchase personalized gifts. According to RetailDive in its March 11, 2019 article, the company was successfully sold to Enesco, a gift and home decor company. All of Things Remembered’s online, B2B retail operations, direct mail, as well as its 176 locations will retain the company’s name.
Things Remembered
