SmileDirectClub's Sudden Closure Leaves Customers in Limbo
TL;DR Summary
SmileDirectClub, a telehealth company that sold teeth-straightening devices, has announced its shutdown after filing for Chapter 11 bankruptcy. The company, which faced criticism from medical groups, was unprofitable and had nearly $900 million in debt. SmileDirectClub served over two million customers but was plagued by legal battles and dissatisfied customers. Outstanding orders have been canceled, and customers seeking refunds will have to wait for the bankruptcy process to determine next steps.
- SmileDirectClub Shuts Down, Months After Filing for Bankruptcy The New York Times
- SmileDirectClub ends operations 'effective immediately,' but what about the customers? The Hill
- SmileDirectClub liquidation: SDC is going out of business, attorney says Axios
- Headquartered in Tennessee, SmileDirectClub closes its doors News Channel 5 Nashville
- Key retail brand moves from Chapter 11 bankruptcy to liquidation TheStreet
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