bankruptcy

Brooks Brothers Bankruptcy Leads List Of More Fashion Retail Troubles

Brooks Brothers Bankruptcy Leads List Of More Fashion Retail Troubles
Brooks Brothers Bankruptcy Leads List Of More Fashion Retail Troubles
July 08, 2020  |  Retail

The retail world was rocked by more bankruptcy news on Wednesday (July 8), as Brooks Brothers officially announced its long-rumored bankruptcy and women’s fashion icon...

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Bitcoin Daily: Travala Users Can Use Crypto Again To Pay For Expedia Bookings; S. African Ex-Crypto Agency Chief Allegedly Scammed Investors Of $13.4M
Bitcoin Daily: Travala Users Can Use Crypto Again To Pay For Expedia Bookings; S. African...
July 06, 2020  |  Bitcoin

Travala.com, the Binance-backed online trading agency, will be allowing travel bookings through Expedia paid for in cryptocurrency for the first time since 2018, according to...

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Lucky Brand Starts Chapter 11 Proceedings, Seeks Sale
Lucky Brand Starts Chapter 11 Proceedings, Seeks Sale
July 06, 2020  |  Retail

Lucky Brand has started proceedings under Chapter 11 to help pave the way for a sale and decrease its debt load brought about by recent...

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Chapter 11 Filings Are Up 43 Pct YOY
Chapter 11 Filings Are Up 43 Pct YOY
July 02, 2020  |  Economy

Almost 3,600 businesses filed for Chapter 11 bankruptcy in the first half of 2020, marking a rise of 26 percent, The Wall Street Journal reported....

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PE Firms Shun Investments In Older Firms Hard Hit By Pandemic
PE Firms Shun Investments In Older Firms Hard Hit By Pandemic
June 28, 2020  |  Investments

Companies owned by private equity firms are not seeing the money for protection that those firms ostensibly have saved up, The Wall Street Journal (WSJ)...

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Vitamin Retailer GNC Files Chapter 11 Plan That Includes $760M Bid For The Chain
Vitamin Retailer GNC Files Chapter 11 Plan That Includes $760M Bid For The Chain
June 24, 2020  |  Retail

Vitamin store chain GNC Holdings filed a “prepackaged” Chapter 11 bankruptcy plan, saying it has an offer to sell the company for $760 million and...

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Forever 21 Bailout Team May Rescue JCPenney
Forever 21 Bailout Team May Rescue JCPenney
June 16, 2020  |  Retail

JCPenney may have a suitor. Reports circulating Tuesday (June 16) have Authentic Brands teaming with mall landlords Simon Property Group and Brookfield Properties teaming up...

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24 Hour Fitness Seeks Chapter 11 Bankruptcy Protection
24 Hour Fitness Seeks Chapter 11 Bankruptcy Protection
June 15, 2020  |  Economy

24 Hour Fitness, the privately owned gym chain, announced Monday (June 15) that it filed for Chapter 11 bankruptcy protection, according to a press release....

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Retailer Bankruptcies Shine A Light on Gift Cards And ‘Breakage Income’
Retailer Bankruptcies Shine A Light on Gift Cards And ‘Breakage Income’
June 09, 2020  |  Retail

Gift cards may be the gift that keeps on giving — not just for the recipients, but also for the companies that issue them. Get...

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