Posts for Archives: News

We’re excited to announce that registration is officially open for the 2025 TMA Annual Conference, the premier event for the turnaround and restructuring community. Join us for three days of world-class programming, expert speakers, and unmatched networking opportunities with industry leaders from around the globe. Secure your spot today to take advantage of early registration […]

The Turnaround Management Association has been made aware of phishing emails sent to members impersonating official TMA communications. These emails often use the TMA logo, our physical mailing address, and request payment for membership dues via fraudulent links. This scam puts your financial information at risk and disrupts the legitimate communications you may receive from […]

BECOME A LEADER WITHIN OUR COMMUNITY: TMA GLOBAL EXECUTIVE BOARD/BOARD OF TRUSTEES NOMINATIONS DUE JULY 16 TMA seeks passionate, committed leaders to serve on the TMA Global Executive Board and Board of Trustees. Whether you’ve served before or this would be your first time, now is your opportunity to shape the future of TMA. Self-nominations […]

As Rite Aid navigates its second bankruptcy and seeks buyers for its pharmacy business, the company urges customers not to transfer prescriptions elsewhere to maintain service continuity. Scott Stuart, CEO of the Turnaround Management Association, underscores the gravity of the situation: “This is it for Rite Aid,” emphasizing the critical nature of a swift and […]

TMA’s latest members-only pop-up webinar drew record-breaking attendance, with over 400 participants tuning in to hear from an all-star panel on one of the most urgent topics facing businesses today: tariffs. This high-impact session delivered tremendous member value by bringing together top experts to discuss the immediate and long-term effects of tariffs on the U.S. […]

It’s time for chapters throughout TMA to prepare for the ultimate showdown—where brains meet brilliance, and strategy takes center stage! It’s time to unleash your inner financial guru and restructuring wizard because the battle for bragging rights and the coveted trophy is on! The TMA Turnaround Tourney is not your average competition; it’s a high-stakes […]

Association Focused on Business Improvement Offering Webinar on Essential Tool for Business Owners and Lenders on March 6, 2025 (Chicago, IL – February 19, 2025) – The Turnaround Management Association’s Chicago/Midwest Chapter, focused on operational and financial turnarounds of businesses of all sizes, announces today it will present a free one-hour webinar, “Essentials of 13-Week […]

Update February 28, 2025: Joann is officially done for. The winning bidder in its Chapter 22 bankruptcy case was liquidator Great American with term lenders, beating out stalking horse bidder Gordon Brothers, and the bankruptcy court approved the sale. All Joann stores are now conducting going-out-of-business sales, with most closing by the end of May. Much love to all the Joann […]

If no alternative buyer is found by Feb. 14, the 80-year-old retailer will be liquidated. Once again, Joann Stores finds itself in bankruptcy proceedings. It has not even been 12 months since Joann first filed Chapter 11 bankruptcy. The pre-packaged process took less than 40 days, with a restructuring agreement that cut its debt in half and […]

Ahead of Starbucks’ first-quarter earnings call on Tuesday (Jan. 28), company officials are taking steps to address declining sales and traffic with a series of policy changes. Starting Monday (Jan. 27), Starbucks reinstated condiment bars and return to barista-written names on cups, aiming to recapture the classic coffeehouse experience and improve service efficiency. Additionally, the company is expanding free refills on select orders to all paying […]