News

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
Peyton Radford
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
Peyton Radford
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
Peyton Radford
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
Peyton Radford
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
Peyton Radford
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
Peyton Radford
March 25, 2020     Neiman Marcus has approximately $5.30 billion in debt; although a recent restructuring moved most of the maturity dates out to 2023, it has more than $100.0 million maturing in 2021. The Company has stopped issuing financial statements to th ... Read more
Peyton Radford
March 18, 2020     On March 11, Neiman Marcus announced it would close the majority of its Last Call stores by 1Q2 (click here for a complimentary list).1. The Company stated that select locations would remain open to serve as a selling channel for residu ... Read more
Peyton Radford
March 11, 2020     Albertsons is preparing to launch an initial public offering (IPO), and the Company’s valuation was around $19.00 billion, or about 7x EBITDA. Last week, the Company filed an S-1 report with the SEC indicating it is official ... Read more
Peyton Radford
March 4, 2020     On February 20, it was reported that Stage Stores is reportedly preparing for a financial restructuring that could include a bankruptcy filing. Reports indicated that the situation remains fluid, and the Company could complete an out-of-court debt res ... Read more
Peyton Radford

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