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Ex-Apple exec's firm files for bankruptcy months after going public
short by Aishwarya Awasthi / on Friday, 1 July, 2022
Former Apple and JC Penney executive Ron Johnson-led retail startup Enjoy Technology has filed for bankruptcy, months after going public through a special-purpose acquisition company (SPAC). The startup plans to sell its US assets to technology repair company Asurion. A court filing has said that Enjoy has struggled with declining liquidity and an inability to retain staff.
read more at Reuters