A’gaci
In January 2018, womenswear retailer A’gaci applied for Chapter 11. It had been trying to renegotiate 49 of its leases when it happened. During the press release, it said that two-thirds of its expenses went to high leases. A’gaci was able to emerge from bankruptcy after it received a $12 million loan during the summer of the same year. It claimed that it would keep 55 stores as well as 1,500 employees.
A’gaci
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Toys R Us
Toys R Us filed for bankruptcy in 2018. It announced that it was going to liquidate all its stores. It held clearance sales in its 735 stores in the US. According to Business Insider, it wanted to close shop as soon as possible to avoid paying its leases. The toy retailer canceled its bankruptcy action in the same year.
Toys R Us