July 29, 2020
On July 23, ascena retail group, inc. (owner of Ann Taylor, LOFT, Lane Bryant, Justice, and Lou & Grey) filed a voluntary Chapter 11 petition in the U.S. Bankruptcy Court for the Eastern District of Virginia. The proceedings have been designated as ca ... Read more
July 22, 2020
Yesterday, ALDI announced the next phase of its growth plan. According to Jason Hart, CEO of ALDI U.S., the Company officially reached 2,000 stores in June with the opening of two new locations in California. Overall, ALDI expects to open more than 70 ... Read more
July 15, 2020
On July 13, RTW Retailwinds, Inc. (fka New York & Company, Inc.) filed a voluntary Chapter 11 petition in the U.S. Bankruptcy Court for the District of New Jersey. Documents in the case state, “The Debtors determined that commencing store closin ... Read more
July 8, 2020
In the Neiman Marcus Group LTD LLC Chapter 11 case, the Debtors filed a motion seeking to close 17 of the 27 Last Call stores (click here to request the list). Last Call is a discount offshoot of the Company’s department stores. The Debtors initi ... Read more
July 1, 2020
On June 23, GNC Holdings filed a voluntary Chapter 11 petition in the U.S. Bankruptcy Court for the District of Delaware. The proceedings have been designated as case number 20-11662.
On June 24, the Company filed motions seeking authorization to:
... Read more
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
... Read more
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
