Sycamore Partners, the New York private equity firm that specializes in distressed buyouts, is in preliminary talks to purchase JCPenney, sources told Reuters. The retailer, which...
The pandemic was unprecedented when it showed up in February and March; the phases of its aftermath will also be without a reference point. While...
The on-again, off-again bankruptcy of JCPenney is back on. The company announced late Friday (May 15) that it will file for Chapter 11 and close...
Struggling retailer JCPenney, which is reported close to seeking Chapter 11 bankruptcy protection, disclosed that it’s paid roughly $17 million in interest on a senior secured term loan credit...
In a move that reportedly allows for business continuity, Neiman Marcus Group said in a statement that it has received interim court approval for all...
It was a tumultuous week for fashion retail and department stores. J.Crew and Neiman Marcus filed for bankruptcy, and we could soon see more big...
They’re reopening – but they’re dead. Or they’re fading. Or they’re awaiting a renaissance. The characterization of the future of the American mall cuts across...
JCPenney has filed a temporary restraining order against beauty firm Sephora to stop it from departing Penney’s stores that are currently closed but in the...
Amid fallout from the coronavirus pandemic, J. Crew Group Inc. has become the first major retailer to file for bankruptcy with intentions to cede control of the...