Enjoy Technology files for bankruptcy with plans to sell itself

Former Apple, J.C. Penney Exec Ron Johnson's Enjoy Technology Files for Bankruptcy Months After It Went Public

Enjoy Technology, a retail startup founded by former Apple and J.C. Penney exec Ron Johnson, filed for Chapter 11 bankruptcy protection on Thursday.

Enjoy Technology, Led By Ex-Apple And JC Penney Executive Johnson, Files Bankruptcy

Enjoy Technology Inc, a Silicon Valley retailer led by former Apple Inc and JC Penney Co executive Ron Johnson, filed for bankruptcy protection on Thursday, fewer than nine months after going public through a special-purpose acquisition company (SPAC). The Palo Alto, California-based startup said it plans to sell its U.S. assets to Asurion LLC, a technology repair company. Asurion agreed to provide $55 million of financing so Enjoy can operate …

Enjoy Technology files for bankruptcy with plans to sell itself

Centered around mobile stores that bring retail service inside homes, the company has been burning cash and suffering supply shortages.