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Chesapeake sold for $485 million, HQ moving to UK
Chesapeake Corp., the Richmond-based paper packaging company, announced today its planned acquisition by New York-based Irving Place Capital Management and Los Angeles-based Oaktree Capital Management has been completed for $485 million. The company’s headquarters
Read More »Contractor sues Qimonda over unpaid invoices
Richmond-based ColonialWebb Contractors filed a lawsuit against Qimonda seeking $369,495 in unpaid invoices. The lawsuit was filed in Henrico County District Court last Monday. Qimonda announced that it was shutting down all operations at
Read More »S&K Menswear files Chapter 11 Bankruptcy
Richmond-based men’s clothier S&K Famous Brands, Inc has filed for Chapter 11 Bankruptcy Protection in an effort to get out of leases, trim costs, and prevent further erosion of vendor confidence. The company lists
Read More »Getting stiffed
Hurry up and wait. That’s the only option for local businesses owed money by bankrupt Circuit City and LandAmerica. More than 1,000 entities are owed money by Circuit City, according to a list of
Read More »Will the number of bankrupt Richmonders (and businesses) keep rising?
One Richmond bankruptcy lawyer says personal and business bankruptcy filings are likely going to rise higher in coming months as credit remains tight and the economy sluggish
Read More »Anyone know Embassy Row Properties?
A company called Embassy Row Properties, LLC filed for Chapter 7 Bankruptcy in Richmond. I can’t find any info on them. Do they own any local developments
Read More »A flood of bankruptcies could sink more boats
Spurred by housing sector woes and the ensuing credit crunch, bankruptcies around Richmond are spiking to the highest levels in a decade. Most filers in the area are individuals who can no longer tap
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