The Walking Company
What is it with footwear and bankruptcy? We have already named a number of shoe companies that applied for bankruptcy. The Walking Company is a retailer of comfy walking shoes. It filed for bankruptcy in March 2018. This was not the first time it did so because the same thing happened ten years ago. Luckily, there is a happy ending for them as it managed to get out of hot water this July! Whew.
Kiko USA
Kiko USA is a cosmetic product retailer. The subsidiary of Kiko Milano applied for bankruptcy in January 2018. Its plan was to shutter nearly all of its stores in the country. It has around 30 stores, most of which are found in shopping malls. While it is experiencing difficulties locally, it is doing much better overseas. In an effort to alleviate the situation, Kiko USA has been trying to negotiate its leases.