Diesel USA
Diesel US applied for Chapter 11 on March 5, 2019. In the court documents, the company said that “general downturn in the brick-and-mortar retail industry” led to lower wholesale orders. It also suffered from high leases, low net sales, even fraud, and theft. Diesel reportedly wanted locations “with a smaller footprint” and a restructuring. Let us hope things turn around for the clothing line!
Diesel
ADVERTISEMENT
Imerys Talc America Inc.
Imerys Talc America provides Johnson & Johnson’s with talc powder. Its Paris, Vermont, and Canada units all filed for bankruptcy in February 2019 after suffering from 14,000 claims that said the product gave them ovarian cancer. Bloomberg said there is asbestos in the talc, which causes mesothelioma.
Imerys
