Bankruptcy

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

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.

More than two dozen Kings Food Markets and Balducci’s Food Lover’s Markets are being sold for $96.4 million in cash in a bankruptcy auction.

At AMC's current cash-burn rate, reserves would be depleted by the end of this year or early next year, Kansas-based AMC said.

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Prior to seeking relief in bankruptcy court, the company disclosed that it had secured lenders to support the restructuring process.

The number of U.S. businesses that have sought relief in bankruptcy court is up 33% to date compared to pre-pandemic times, according to new data compiled by legal service firm Epiq.

The spread was reportedly released just before Neiman Marcus Group disclosed that it expects to emerge from Chapter 11 by the end of September after filing for relief in bankruptcy court in May. 

Gun maker Remington Outdoor will be broken up and sold after a multiday bankruptcy auction, in which seven different buyers won the bidding for parcels of the company's weapons and ammunition holdings.