All posts tagged Bankruptcy (Related Tags: USA, Forever 21, Payless, New Look, J.Crew, Neiman Marcus, Poland, Lord & Taylor, U.S. Bankruptcy Court, closure)

Charlotte Russe considers sale or bankruptcy

Teen mall retailer Charlotte Russe Inc. is reportedly considering sale or bankruptcy. The development, sourced from people familiar with the matter and reported by the Wall Street Journal, comes just over a year after the retailer was bailed out of a potential bankruptcy filing as the result of a debt restructuring agreement announced in December of 2017.

Area News

Stein Mart to close all stores in bankruptcy amid COVID-19 pandemic

Off-price retailer Stein Mart is the latest in a long list of businesses to file for bankruptcy protection amid the coronavirus pandemic.

Area News

Nine West files for bankruptcy

Thanks to an infusion of $300 million in debtor-in-possession financing, Nine West will continue to operate as normal under the Chapter 11 filing

Area News

United Kingdom

Toys R Us UK goes into administration

Toys R Us has gone into administration, putting 3,000 UK jobs at risk.

Area News

Forever 21 bankruptcy: retailer enters deal to sell for $81m

Forever 21 has reached a deal to sell off its assets for $81 million, four months after filing for Chapter 11 bankruptcy.

Area News

J. Crew files for bankruptcy

A series of missteps, in both fashion and finance, left the onetime mall darling with stalling sales and huge debt

Area News

Lord & Taylor in bankruptcy filing

Venerable US retailer Lord & Taylor filed for Chapter 11 bankruptcy on Sunday, becoming the latest in a growing list of storied names to do so amid the ongoing coronavirus outbreak that has crippled the retail sector.

Area News

True Religion seeks a revival with bankruptcy filing

Jeans designer and retailer True Religion is seeking a revival through Chapter 11 bankruptcy protection, having fallen to its knees amid the retail sector's crisis and the rise of "athleisure wear."

2017 - Media Team Retailp.com

Area News

A'gaci files for bankruptcy

Women's fashion retailer A'Gaci on Wednesday filed under Chapter 11 in the United States Bankruptcy Court for the Western District of Texas San Antonio Division, with the intention to "close and wind down all of its brick and mortar store locations.

Area News

Forever 21 files for bankruptcy, to cease operations in Europe

Forever 21 have commenced voluntary chapter 11 cases in the United States Bankruptcy Court for the District of Delaware.

Area News

Canada

Miniso files for bankruptcy in Canada

Miniso’s ambitious Canadian expansion plans have taken a turn for the worst after entering the country just a little over a year ago.

Area News

Sears files for Chapter 11 bankruptcy

Sears Holdings on Monday filed for Chapter 11 bankruptcy, following a last minute ditch effort from the U.S. department store retailer's CEO to contribute towards a financing package.

Area News

Greece

Marinopoulos files for bankruptcy

The Greek supermarket chain, Marinopoulos, has filed for bankruptcy.

2016 - Media Team Retailp.com

Area News

Netherlands

American Apparel closing stores in Europe

In France, American Apparel’s brick-and-mortar stores are currently being closed, while the rest of Europe is expected to see the same fate.

2017 - Media Team Retailp.com

Area News

Sears chairman confirms new $5 billion bid to save bankrupt retailer

Sears Holdings Corp Chairman Eddie Lampert confirmed on Thursday he has made a new takeover bid of more than $5 billion for the company, an offer that may significantly increase the likelihood the U.S. department store will be able to stay in business.

Area News

Netherlands / Amsterdam

Charles Vögele Netherlands files for bankruptcy

The Directors of Charles Vögele Netherlands have filed for the company’s bankruptcy at the District Court in Amsterdam

2017 - Media Team Retailp.com

Area News

Poland

New Look's ops in Poland file for bankruptcy, stay open for now

New Look is continuing its exit strategy from its international operations after its bold plan to build a major global business fell short on the back of changing consumer habits and over-ambitious expansion. The recovering value fashion retailer on Monday announced the decision of New Look Poland’s board to file for insolvency.

Area News

Sears Chairman Lampert makes $4.6 billion bid for bankrupt retailer

Sears Holdings Corp Chairman Eddie Lampert's ESL Investments Inc has made an offer valued at $4.6 billion to buy the bankrupt U.S. retailer, one of the only options that would prevent the department store chain from shutting its doors for good.

Area News

Lampert reveals plans for Sears after bankruptcy

Sears Holdings Corp will sell or sublease some of the 425 stores of the retail chain and open smaller stores with more focus on tools and appliances than on apparel, said Chairman Edward Lampert in an interview with the Wall Street Journal.