News

October 21, 2020         In a filing with the SEC related to the J.C. Penney bankruptcy case, the Debtors stated that they plan to file a draft version of an asset purchase agreement (APA) later today. The APA was prepared with the other parties to a pr ... Read more
Peyton Radford
October 14, 2020         Yesterday, Bed Bath & Beyond announced the sale of its Christmas Tree Shops banner, its Linen Holdings business, and a distribution center in Florence, NJ to Handil Holdings and The Linen Group, in separate agreements  ... Read more
Peyton Radford
October 7, 2020     Ruby Tuesday announced today that it has filed a voluntary petition for reorganization under Chapter 11 of the Bankruptcy Code. Prior to its filing, the Company reached an understanding with its secured lenders to support its restructuring through f ... Read more
Peyton Radford
September 30, 2020     Amazon is reportedly bringing its new Amazon Fresh grocery format to Whittier, CA, occupying a shuttered Orchard Supply Hardware store. Nearby competitors include ALDI, Ralph’s, Trader Joe’s, and Target. As reported in last week& ... Read more
Peyton Radford
September 23, 2020     Bed Bath & Beyond identified the first 63 stores it will close by year-end as part of its restructuring plan announced in July, under which it would close roughly 200 stores over the next two years. The Company operates 1,478 stores under various ... Read more
Peyton Radford
September 16, 2020       According to published reports, Petco’s private equity owners, CVC Capital Partners (CVC) and Canada Pension Plan Investment Board (CPPIB), are looking to sell Petco or launch an IPO. The reports indicate the Company is being  ... Read more
Peyton Radford
September 10, 2020     Today, Century 21 Department Stores LLC, filed a voluntary Chapter 11 petition in the U.S. Bankruptcy Court for the Southern District of New York. The proceedings have been designated as case number 20-12097. In connection with the proc ... Read more
Peyton Radford
September 2, 2020           According to reports, J.C. Penney Company is proposing to sell itself out of bankruptcy to its lenders, after a stalemate in negotiations with other bidders, including Simon Property Group and Brookfield Property Part ... Read more
Peyton Radford
August 26, 2020     Payless ShoeSource, which emerged from Chapter 11 in January after completely winding down its North America business, announced it is now planning to reenter the U.S. market through a new e-commerce website. It is also planning to open a new prototyp ... Read more
Peyton Radford
August 19, 2020           In the Stein Mart bankruptcy case, the Debtors filed motions seeking interim authorization to close all 281 of the Company’s stores (click here to request the list). GOB sales will be conducted by a joint ... Read more
Peyton Radford

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