Jonathan Randles

New York

Bankruptcy Reporter at Bloomberg News

reporter on the bankruptcy beat @business https://t.co/6pVICBrZtu previously WSJ, Law360. opinions mine. he/him

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Articles

Bankrupt Federal Contractor Seeks Fast Sale to Avoid DOGE Threat

5 days ago | news.bloombergtax.com | Steven Church |Jonathan Randles

A federal contractor that filed bankruptcy earlier this week during the latest round of government cutbacks asked a judge to approve a quick auction because of the ongoing threat of Elon Musk’s Department of Government Efficiency. Sysorex Government Services, Inc.
Bankrupt Federal Contractor Seeks Fast Sale to Avoid DOGE Threat

5 days ago | bloomberg.com | Steven Church |Jonathan Randles

The White House, center, is seen near the Washington Monument in this aerial photograph taken above Washington, D.C., U.S., on Tuesday, Nov. 4, 2019. (Bloomberg) -- A federal contractor that filed bankruptcy earlier this week during the latest round of government cutbacks asked a judge to approve a quick auction because of the ongoing threat of Elon Musk’s Department of Government Efficiency. Sysorex Government Services, Inc.
Rite Aid to Sell Customer Prescriptions to Rival Pharmacies

1 week ago | news.bloombergtax.com | Jonathan Randles

Rite Aid won court approval to run an expedited process to sell customers’ prescription information to rival pharmacies as the bankrupt firm prepares to unload or close its stores. The sale process is being run by Guggenheim Securities, the chain’s investment banker. Guggenheim is talking with more than a dozen parties who are exploring potential bids on prescriptions at the remaining stores, Rite Aid lawyer Alice Eaton said during a Wednesday hearing in New Jersey.
Rite Aid to Sell Customer Prescriptions to Rival Pharmacies

1 week ago | bloomberg.com | Jonathan Randles

A shopper enters a Rite Aid store in Hercules, California, on April 22. (Bloomberg) -- Rite Aid won court approval to run an expedited process to sell customers’ prescription information to rival pharmacies as the bankrupt firm prepares to unload or close its stores. The sale process is being run by Guggenheim Securities, the chain’s investment banker.
WeightWatchers Files Bankruptcy After Growth in GLP-1 Drugs

1 week ago | thebrunswicknews.com | Jonathan Randles

WeightWatchers, known for its diet programs once endorsed by celebrities including Oprah Winfrey, has filed for bankruptcy after struggling to compete with drugs like Ozempic and the rise of TikTok fitness influencers. The company - which rebranded to WW International Inc. - filed a prepackaged Chapter 11 petition to execute a lender-backed plan that would cut about $1.15 billion in debt from its balance sheet. It expects to complete the reorganization in about 45 days.
WeightWatchers Files Bankruptcy After Growth in GLP-1 Drugs

1 week ago | finance.yahoo.com | Jonathan Randles

(Bloomberg) -- WeightWatchers, known for its diet programs once endorsed by celebrities including Oprah Winfrey, has filed for bankruptcy after struggling to compete with drugs like Ozempic and the rise of TikTok fitness influencers. Most Read from Bloomberg The company — which rebranded to WW International Inc. — filed a prepackaged Chapter 11 petition to execute a lender-backed plan that would cut about $1.15 billion in debt from its balance sheet.
WeightWatchers files for bankruptcy after growth in weight loss drugs

1 week ago | financialpost.com | Jonathan Randles

Article contentWeightWatchers, known for its diet programs once endorsed by celebrities including Oprah Winfrey, has filed for bankruptcy after struggling to compete with drugs like Ozempic. Sign In or Create an AccountArticle contentWe apologize, but this video has failed to load. Try refreshing your browser, ortap here to see other videos from our team. Article contentThe company — which rebranded to WW International Inc.
Weight Watchers meldet Insolvenz an: Diät-Ikone fällt Ozempic zum Opfer

1 week ago | bloomberg.com | Jonathan Randles

Der einst von Stars wie Oprah Winfrey hochgelobte Diät-Spezialist Weight Watchers ist insolvent. Grund: Immer mehr Menschen setzen auf moderne Abnehm-Medikamente wie Ozempic, statt auf traditionelle Diätprogramme. Das Unternehmen — das in WW International umbenannt wurde — hat im US-Bundesstaat Delaware Gläubigerschutz mit einem sogenannten Pre-Packaged-Filing beantragt, wie es am Dienstag hieß. Dies soll Weight Watchers den schnellen Ausstieg aus den Chapter-11-Regelungen ermöglichen.
WeightWatchers files bankruptcy as GLP-1 drugs reshape market

1 week ago | torontosun.com | Jonathan Randles

(Bloomberg) — WeightWatchers, known for its diet programs once endorsed by celebrities including Oprah Winfrey, has filed for bankruptcy after struggling to compete with weight-loss drugs like Ozempic. The company —which rebranded to WW International Inc. — filed a prepackaged Chapter 11 petition to execute a lender-backed plan that would cut about $1.15 billion in debt from its balance sheet. It expects to complete the reorganization in about 45 days.
WeightWatchers Files Bankruptcy as GLP-1 Drugs Reshape Market

1 week ago | news.bloomberglaw.com | Jonathan Randles

WeightWatchers, known for its diet programs once endorsed by celebrities including Oprah Winfrey, has filed for bankruptcy after struggling to compete with weight-loss drugs like Ozempic. The company —which rebranded to WW International Inc. — filed a prepackaged Chapter 11 petition to execute a lender-backed plan that would cut about $1.15 billion in debt from its balance sheet. It expects to complete the reorganization in about 45 days.