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Jays Can't Stop the Bleeding, Files Chapter 11 Papers

Jays Can't Stop the Bleeding, Files Chapter 11 Papers

Things are tough all over, especially at Jays Foods. Last Thursday, the longtime local potato-chip king filed for Chapter 11 bankruptcy for the second time in four years, amid claims that the company is "struggling financially" and facing an "acute liquidity crisis caused, in part, by a sharp, unprecedented rise in commodity prices" including corn oil, fuel and packaging. Ubiquity Brands, Jays' parent company, claims $20 million in debt to unsecured non-bank creditors. more ›

Bird to Flip In April

Bird to Flip In April

The lack of flu shots this season is the proverbial chicken that is now coming home to roost; lots of people in the Chicagoist offices have been knocked out with various winter ailments. Events at The Oprah Winfrey Show this week proved that the famous and buxom are no more immune to illness than the anonymous and flat-chested. During an Oprah taping, Jessica Simpson became dehydrated due to a stomach virus. Thanks to the outstanding... more ›

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