Tag: Corporate bankruptcy

Belk’s top lenders, including KKR, looking to avoid taking department store through bankruptcy, WSJ says

Belk department storeJohn Greim | LightRocket | Getty ImagesKKR, Blackstone and other major lenders to Belk are in talks with the North Carolina-based department...

Apparel retailer Francesca’s plans to shut another 97 stores after filing for bankruptcy

Signage for Francesca's Collections, a subsidiary of Francesca's Holdings Corp., is displayed outside of a store in Shrewsbury, New Jersey.Emile Warnsteker | Bloomberg |...

Neiman Marcus’ holiday perks are very 2020: Santa delivers curbside and virtual gift advisors send champagne

Neiman Marcus now offers a virtual gift advisor service, and an in-store concierge service, to help customers pick out items on their wish lists.Source:...

Francesca’s will close 140 stores, may file for bankruptcy

A pedestrian walks by a Francesca's store in New York.Scott Mlyn | CNBC Francesca's said Monday that it will permanently close about 140 stores...

Friendly’s Restaurants’ parent files for bankruptcy, announces sale

A Friendly's Ice Cream Corp restaurant is seen on the day the company filed for bankruptcy in Delray Beach, Florida.Joe Raedle | Getty ImagesFIC...

America’s malls under pressure: CBL, Pennsylvania REIT, file for bankruptcy

CoolSprings Galleria Mall, Franklin, TNSource: CBL PropertiesMall owner CBL & Associates filed for Chapter 11 bankruptcy protection late Sunday, after its business was pressured...

JCPenney CEO says company expects to exit Chapter 11 ahead of holiday season

The JCPenney store in the Queens Center Mall in the borough of Queens in New York.Richard Levine | Corbis | Getty ImagesJ.C. Penney CEO...

New York bankruptcies reportedly surge 40% during pandemic

People wearing protective masks walk by a going out of business sign displayed outside Century 21 on the Upper West Side as the city...

Apparel retailer Francesca’s issues ‘going concern’ warning as sales tumble

Signage for Francesca's Collections, a subsidiary of Francesca's Holdings Corp., is displayed outside of a store in Shrewsbury, New Jersey.Emile Warnsteker | Bloomberg |...

New York Sports Club owner files for bankruptcy, with gyms hit by pandemic

New York Sports Club in Park SlopeAlexi Rosenfeld | Getty ImagesNew York Sports Club owner Town Sports International filed for Chapter 11 bankruptcy Monday,...

Discount retailer Century 21 files for Chapter 11 bankruptcy and is closing all of its 13 stores

A shopper walks past Century 21 department store signage displayed at City Point in the Brooklyn borough of New York, U.S., on Wednesday, July...

America’s department stores, cornerstones in fashion, could be in their ‘last stages’

Pedestrians walk past a Nordstrom Inc. store.Ben Nelms | Bloomberg | Getty ImagesThe coronavirus pandemic is shining a light on U.S. department stores' dependence on...

JC Penney hits ‘stalemate’ with potential buyers. Lenders to make bid for department store in bankruptcy

An empty parking lot is seen outside a closed JC Penney Co. store in Mt. Juliet, Tennessee, on Thursday, April 16, 2020.Luke Sharrett |...

From around the web

Stay connected

Be a Patreon

Popular articles

Latest articles