bankruptcy

Tailored Brands Might Seek Bankruptcy In Q3
Tailored Brands Might Seek Bankruptcy In Q3
July 28, 2020  |  Retail

Men’s Wearhouse owner Tailored Brands might seek bankruptcy in the third quarter of its fiscal year, according to a 10-Q regulatory filing with the U.S....

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Brooks Brothers Seeks Court Approval For $305M Stalking Horse Bid
Brooks Brothers Seeks Court Approval For $305M Stalking Horse Bid
July 24, 2020  |  Retail

Brooks Brothers is seeking court approval for a $305 million stalking horse deal it reached with SPARC Group LLC, which is partly owned by Authentic Brands...

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Ann Taylor And Lane Bryant Parent Ascena Files Chapter 11 Bankruptcy
Ann Taylor And Lane Bryant Parent Ascena Files Chapter 11 Bankruptcy
July 23, 2020  |  Retail

Ascena Retail Group, Inc. has filed for Chapter 11 bankruptcy in the United States Bankruptcy Court for the Eastern District of Virginia. The retailer and...

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US Consumers Fret Over Future Without Federal Jobless Aid
US Consumers Fret Over Future Without Federal Jobless Aid
July 19, 2020  |  Economy

The number of personal bankruptcy filings, one indicator of the American consumer’s financial health, fell to the lowest level in 15 years from April through...

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Retailer New York & Company Declares Bankruptcy
Retailer New York & Company Declares Bankruptcy
July 13, 2020  |  Retail

The corporate parent of New York & Company has filed for federal bankruptcy court protection in the latest in a growing lineup of big-name retailers...

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Brooks Brothers Receives Offer Of $80M No-Interest Loan
Brooks Brothers Receives Offer Of $80M No-Interest Loan
July 13, 2020  |  Retail

Brooks Brothers has locked in a $80 million loan without interest after the iconic American retailer filed for bankruptcy, Hypebeast reported. Garrett Fail, the merchant’s...

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SMBs Use New Bankruptcy Law To Save Businesses
SMBs Use New Bankruptcy Law To Save Businesses
July 13, 2020  |  SMBs

A new law could make it easier for businesses to file for Chapter 11 bankruptcy and remain open, with more leverage for small businesses and...

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Some Creditors Reportedly Oppose AMC Deal To Avoid Bankruptcy
Some Creditors Reportedly Oppose AMC Deal To Avoid Bankruptcy
July 09, 2020  |  Retail

Movie-theater giant AMC Entertainment Holdings’ reported deal to avoid bankruptcy is running into a roadblock as some creditors oppose the deal, according to Bloomberg News. Under...

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DTC Business Sees New Innovations
DTC Business Sees New Innovations
July 09, 2020  |  Retail

The speed and scale of change in the retail sector has been accelerating by the week during the pandemic. Iconic companies that started the year...

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