June 24, 2020
Yesterday, GNC filed a voluntary Chapter 11 petition in the U.S. Bankruptcy Court for the District of Delaware. In the coming days, the Company expects to file in the applicable Canadian court seeking recognition of the U.S. Chapter 11 proceeding.&nb
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June 17, 2020
In the J.C. Penney Chapter 11 case, the Court issued final orders, authorizing the Debtors to:
Conduct store-closing sales. The Debtors previously identified an initial group of 154 underperforming units where they believe th ... Read more
June 10, 2020
Private equity firm Sycamore Partners is reportedly in preliminary talks to acquire J.C. Penney Company out of bankruptcy if the Company’s negotiations with its creditors fail. Sycamore is evaluating acquiring J.C. Penney outright or making an i ... Read more
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
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
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
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
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
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
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
