07.11.2024, 06:19
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Fabric and crafts retailer Joann has filed for Chapter 11 bankruptcy protection, as consumers continue to cut back on discretionary spending.In a Monday release, the Hudson, Ohio-based company said that it expected to emerge from bankruptcy as early as the end of next month. Following this process, Joann will likely become privately owned by certain lenders and industry parties, the company added 鈥?meaning its shares would no longer be publicly traded on stanley cup stock exchanges.Joann s more than 800 stores and its website will continue to operate normal stanley quencher ly during the bankruptcy process. Vendors, landlords and other trade creditors should also not see any pay disruptions, the company said, pointing to a deal it had struck with most of its shareholders for financial support.In addition to Monday s filing in U.S. Bankruptcy Court, Joann said it had received about $132 million in new financing and expected to reduce its balance sheet s funded debt by about $505 million.SEE MORE: The Body Shop ceases US operations, closes dozens of Canada storesScott Sekella, Joanns chief financial officer and co-lead of the CEOs interim office, stated that the transaction support agreement marked a stanley cup significant step forward in addressing the companys capital structure needs.Joann listed more than $2.44 billion in total debts and about $2.26 billion in total assets in Monday s Chapter 11 petition, which was filed in Delaware, citing October 2023 data.The company, which was founded back in 1943, previously Vudi Families impacted by Alabama IVF ruling head to state Capitol
AdventHealth Foundation West Florida says some of its donors personal information may have been compromised in a ransomware attack that happened back in February.Officials said they were informed of the incidents on July 16. A third-party software vendor, Blackbaud, informed AdventHealth that an individual had gained access to their systems between Feb. 7 and May 20.RELATED: Tampa Bay donors personal information may have been compromised in ransomware attackBlackbaud said the donor database that was accessed by the individual may have included name, address, date of birth, medical record number, date of admission, patient location, patient type, gender, email address, employer name and address, treating physician and gifting information.Social security numbers, financial accounts and credit card information were all encrypted and the individual did not gain access to those accounts.Adven stanley us tHealth is mailing out stanley cup letters to all individuals who were potentially impacted.AdventHeath is stanley termoska also in contact with Blackbaud to understand how this incident happened. They said they are re-evaluating their relationship.
Fabric and crafts retailer Joann has filed for Chapter 11 bankruptcy protection, as consumers continue to cut back on discretionary spending.In a Monday release, the Hudson, Ohio-based company said that it expected to emerge from bankruptcy as early as the end of next month. Following this process, Joann will likely become privately owned by certain lenders and industry parties, the company added 鈥?meaning its shares would no longer be publicly traded on stanley cup stock exchanges.Joann s more than 800 stores and its website will continue to operate normal stanley quencher ly during the bankruptcy process. Vendors, landlords and other trade creditors should also not see any pay disruptions, the company said, pointing to a deal it had struck with most of its shareholders for financial support.In addition to Monday s filing in U.S. Bankruptcy Court, Joann said it had received about $132 million in new financing and expected to reduce its balance sheet s funded debt by about $505 million.SEE MORE: The Body Shop ceases US operations, closes dozens of Canada storesScott Sekella, Joanns chief financial officer and co-lead of the CEOs interim office, stated that the transaction support agreement marked a stanley cup significant step forward in addressing the companys capital structure needs.Joann listed more than $2.44 billion in total debts and about $2.26 billion in total assets in Monday s Chapter 11 petition, which was filed in Delaware, citing October 2023 data.The company, which was founded back in 1943, previously Vudi Families impacted by Alabama IVF ruling head to state Capitol
AdventHealth Foundation West Florida says some of its donors personal information may have been compromised in a ransomware attack that happened back in February.Officials said they were informed of the incidents on July 16. A third-party software vendor, Blackbaud, informed AdventHealth that an individual had gained access to their systems between Feb. 7 and May 20.RELATED: Tampa Bay donors personal information may have been compromised in ransomware attackBlackbaud said the donor database that was accessed by the individual may have included name, address, date of birth, medical record number, date of admission, patient location, patient type, gender, email address, employer name and address, treating physician and gifting information.Social security numbers, financial accounts and credit card information were all encrypted and the individual did not gain access to those accounts.Adven stanley us tHealth is mailing out stanley cup letters to all individuals who were potentially impacted.AdventHeath is stanley termoska also in contact with Blackbaud to understand how this incident happened. They said they are re-evaluating their relationship.