News

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
Peyton Radford
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
Peyton Radford
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
Peyton Radford
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
Peyton Radford
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
Peyton Radford
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
Peyton Radford
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
Peyton Radford
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
Peyton Radford
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
Peyton Radford
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
Peyton Radford

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