At least three Indiana school districts that hired the startup firm True Consultant Service LLC to revamp bus routes ran into major problems when school began this summer, forcing administrators to apologize to parents and reverse course.
The 62-year-old company is joining the trash heap of failed appliance and electronics retailers, done in by a long list of problems—including overexpansion and a collapse in sales of consumer electronics.
Toys “R” Us Inc., which has three Indianapolis-area stores, is expected to liquidate its bankrupt U.S. operations after so far failing to find a buyer or reach a debt restructuring deal with lenders, according to people familiar with the matter.
Claire’s Stores Inc., the fashion accessories chain where legions of preteens got their ears pierced, is preparing to file for bankruptcy in the coming weeks, according to people with knowledge of the plans.
The comeback strategy for Bon-Ton Stores includes closing a dozen Carson's stores, although Bon-Ton hasn't specified locations. The only Carson's in Indianapolis is the lone anchor for Circle Centre mall.
The world's largest toy chain is planning to close about 180 Toys "R" Us and Babies "R" Us stores nationally as part of a reorganization plan to emerge from its September bankruptcy, according to a court filing.
A group representing the unsecured creditors of HHGregg has filed suit against Andretti Autosport in an attempt to claw back nearly $1.5 million in sponsorship money the now-defunct retailer paid the racing team in the months leading up to its bankruptcy.
In a deal called "one of the most important" stories in the motorcycle industry this year, a company controlled by Indianapolis-based business-holding firm LDI Ltd. has filed for Chapter 11 bankruptcy after racking up about $440 million in debt.
The company filed Chapter 11 documents late Monday in U.S. Bankruptcy Court in Richmond, Virginia. The chain secured $3 billion in debtor-in-possession financing to stay open while it restructures, according to a company statement.