First Brands obtains bankruptcy judge approval for $500 million rescue financing

Bankrupt auto parts supplier First Brands on Wednesday received a U.S. judge's permission to proceed with the first phase of ...

First Brands bankruptcy probe investigating financing irregularities related to invoices

Auto parts maker First Brands has appointed a special committee of independent board directors to investigate its off-balance ...

First Brands’ New Directors Probe Accounting Irregularities

Directors are investigating the auto supplier’s complex financing arrangements and off-balance-sheet debt, including how more ...

First Brands Bankruptcy Loan Draws Broad Interest From Creditors

The auto-parts maker that collapsed after revelations of potential hidden off-balance-sheet debt has secured new backing from ...

First Brands Collapse Renews Concerns Over Murky Trade Finance

When the auto parts supplier First Brands Group filed for bankruptcy on Sunday, one name popped up in the documents again and ...

Finance Firm Raistone Cuts Workers After First Brands Collapse

Raistone, a short-term financing provider that worked on deals for First Brands Group, has notified dozens of workers that ...

Purebread Brands Inc. Announces Extension to Management Cease Trade Order and Closing of First Tranche of Debt Settlement

Purebread Brands Inc. (TSXV: BRED) ("Purebread" or the "Company") announces that it has been granted an extension by its ...

Millennium Takes $100 Million Hit in Collapse of First Brands

Millennium Management is one of the biggest Wall Street names to get hit by the sudden unraveling of the auto-parts supplier ...

Cardone Industries parent First Brands Group files for Chapter 11 bankruptcy

First Brands Group acquired the once-prominent Northeast Philadelphia auto parts remanufacturer Cardone Industries in 2023.

Trendy outdoor and workwear brand Carhartt opens first San Antonio store

The Michigan-based retailer opened after a $450,000 renovation of its space at Alamo Quarry Market. It's the company's third ...

Short seller Jim Chanos predicts more First Brands fiascos in private credit

Jim Chanos, one of Wall Street’s best-known short sellers, has sounded the alarm on the private debt boom, telling the Financial Times that First Brands Group’s chaotic bankruptcy could augur a wave ...
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Major Auto Parts Company First Brands Group Files For Bankruptcy

The group owns several well-known brands such as Fram oil filters, Trico wiper blades, Cardone engine parts, Autolite spark ...