Bankruptcy News for March 17 2025

Here's the latest bankruptcy news across industries that you should know about today.

Retail

Kohl's: Kohl's has stopped accepting Amazon returns at some locations. The partnership aimed to boost foot traffic and sales, but the expected benefits did not materialize.

Ollie's: Ollie's to acquire leases of 40 Big Lots stores amid Big Lots' Chapter 11 bankruptcy filing, totaling 63 leases acquired since September 2024.

Solo Brands: Solo Brands warns of potential bankruptcy, exploring refinancing strategies due to default risks under its credit agreement, potentially leading to liquidation.

Food and Beverage

iRobot: iRobot warns it may go out of business, citing macroeconomic and tariff-related uncertainties that jeopardize its future viability.

Wholesale/Manufacturing

U.S. Trustee: UST objects to stalking horse bid protections in recent Delaware cases on various grounds, questioning their necessity and benefit to the estate.

Rivian: Rivian and Chase offer buyback plan for Fisker owners, providing a financial lifeline for those affected.