The National Rifle Association has filed for bankruptcy, and plans to ditch what CEO Wayne LaPierre described as “the toxic political environment of New York” and move its headquarters to Texas.
J.C. Penney is closing even more stores in March of 2021.
Ascena Retail Group Inc. has won court approval to sell its Ann Taylor, Lane Bryant, Loft and Lou & Grey retail brands out of bankruptcy to private-equity firm Sycamore Partners in a deal valued at about $1 billion.
In November, the U.S. Bankruptcy Court for the Southern District of Texas approved a purchase agreement in which substantially all of J.C. Penney’s retail and operating assets would be acquired by its two largest landlords and its primary lenders.
Houston-based Francesca's said in November that it would close roughly 140 of its boutiques--which sell apparel, jewelry, accessories and gifts--by the end of January, leaving about 560 in operation.
The hike takes effect March 1 and is expected to boost the bills of PG&E's residential customers by an average of $13.44 a month
National discount department store chain Stein Mart filed for bankruptcy in August after 112 years in business.
November bankruptcy filings in the U.S. hit a 14-year low, driven by a decline in individuals filing for protection from creditors as they continue to enjoy the benefits of eviction moratoriums and other government assistance stemming from the coronavirus pandemic.
The company in July announced plans to cut its workforce by 20% and shut as many as 500 stores
Guitar Center owns nearly 300 stores across the country
The deal marks REV's latest purchase of a retail brand since Covid-19 began spreading in the U.S. Earlier this year, the company bought the e-commerce business of Pier 1 Imports Inc. and the trademark assets of Modell's Sporting Goods out of bankruptcy.
The company expects to file voluntary petitions for reorganization following Chapter 11 in the U.S. bankruptcy court
Former New York Lieutenant Governor Betsy McCaughey shares her thoughts on Gov. Cuomo ordering new lockdowns and curfews on businesses, arguing that he has 'no authority' to do this.
JCPenney’s retail and operating assets to be acquired by Brookfield Asset Management and Simon Property Group.
NPC International -- the largest Pizza Hut and Wendy’s franchisee -- has entered into an agreement to be bought by Flynn Restaurant Group, which is the largest franchise operator in the U.S.
CBL controls 107 properties totaling 66.7 million square feet across 26 states.
Bankruptcy filings have been kept in check this year by government stimulus and eviction moratoriums
"In the event the company determines that these sources of liquidity will not be available to it or will not allow it to meet its obligations as they become due, it would likely seek an in-court or out-of-court restructuring of its liabilities," AMC said in an SEC filing Tuesday. "In the event of a future liquidation or bankruptcy proceeding, holders of the company’s common stock would likely suffer a total loss of their investment."
Robert Murray, the founder and former president and CEO of a major U.S. coal operator that recently emerged from federal bankruptcy, has retired as chairman of the company’s board.
According to a press release, the retailer has now filed a draft asset purchase agreement, which brings the department store chain one step closer to a sale with mall owners Brookfield Asset Management and Simon Property Group.