Norwegian Cruise Line (NCL) is considering new funding and possible bankruptcy protection due to business losses triggered by the coronavirus pandemic. The company’s filing with...
Gold’s Gym International Inc. filed for Chapter 11 bankruptcy protection on Tuesday (May 5), citing financial disruptions created by the COVID-19 pandemic, per a company...
As if you needed more evidence that the stay at home, all digital world was shattering the “old” economy, or that online platforms have provided...
J.Crew’s bankruptcy declaration on Monday (May 4) citing the devastating impact on sales by the coronavirus pandemic could be the first of a long line...
Amid fallout from the coronavirus pandemic, J. Crew Group Inc. has become the first major retailer to file for bankruptcy with intentions to cede control of the...
The great retail re-opening is now being called the “great resettling” by many observers and J.Crew is its latest victim. According to several sources the...
There’s nowhere to hide from the crippling economic effects of the coronavirus. As companies across all verticals have been forced to shutter, they’ve been unable...
Amid the retailer’s reported impending bankruptcy, an investor group is intending to provide an alternative to a $600 million financing arrangement for Neiman Marcus Group and pressure...
Travelex, the British foreign exchange company, is seeking a buyer, the Financial Times (FT) reported. “As part of its continuing assessment of strategic options to...