News

June 3, 2020         Today, Ahold Delhaize announced that its Food Lion brand has agreed to purchase 62 BI-LO and Harveys Supermarkets from Southeastern Grocers. The stores are located in North Carolina, South Carolina and Georgia and will be converted ... Read more
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May 28, 2020       Yesterday, Tuesday Morning filed a voluntary Chapter 11 petition in the U.S. Bankruptcy Court for the Northern District of Texas. The proceedings have been designated as case number 20-31476. Management said the goal is to “reduce ... Read more
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May 20, 2020         Yesterday, Pier 1 Imports filed a motion seeking Court approval to begin an orderly wind-down of its retail operations. The Company intends to initiate liquidation sales once store locations can reopen, in compliance with COVID-19 g ... Read more
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May 13, 2020     On May 10, Stage Stores filed a voluntary Chapter 11 petition in the U.S. Bankruptcy Court for the Southern District of Texas. The proceedings have been designated as case number 20-32564. The Company said it will simultaneously: (i) solicit bids for a ... Read more
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May 6, 2020   On May 4, J. Crew Group, DIP filed a voluntary prearranged Chapter 11 petition in the U.S. Bankruptcy Court for the Eastern District of Virginia. The proceedings have been designated as case number 20-32181. The Company announced it has reached an agreement w ... Read more
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April 29, 2020 COVID Impact Report      Best Buy Co., Inc. aims to open 200 locations across the country in May for consumers who have appointments for in-store consultations to purchase appliances or electronics. Employees will be mandated to wear masks ... Read more
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April 22, 2020         L Brands deal to sell 55% of its Victorias Secret banner to Sycamore Partners could fall through, as the private equity firm is seeking to cancel its $525.0 million purchase after claiming L Brands breached covenants in the transactio ... Read more
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April 15, 2020           Today Best Buy announced that it has retained approximately 70% of its sales compared to last year, supported by its curbside service model, despite the closure of its domestic stores. Domestic online sales are up over 250% ... Read more
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April 8, 2020 According to reports, Pier 1 Imports, Inc. expects to receive a bid that would keep a number of the Company’s stores open. Click here for more information. Previously, the Court authorized Pier 1 Imports to temporarily stop paying landlords, suppliers, and shippers to preser ... Read more
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April 1, 2020         Fairway Group Holdings Corp. announced the winning bids for six Fairway stores on a going concern basis: Village Supermarket, Inc. (Wakefern Member), Seven Seas Georgetowne, LLC (Key Food Member) and Amazon Retail LLC. In addit ... Read more
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