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Enjoy Technology files for bankruptcy with plans to sell itself

Summary by Ground News
Enjoy Technology filed a petition for Chapter 11 bankruptcy protection in Delaware federal court on Thursday. The company said it aims to keep operating through the process and plans to sell itself in bankruptcy to the highest bidder. It has also moved to wind down its U.K. operations.
1 month ago

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IBTimes

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 …

1 month ago·United States
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CNBC

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.

1 month ago·United States
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retaildive.com

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.

1 month ago
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