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Tag: bankruptcy

Destination Maternity plans bankruptcy that could come within weeks

Destination Maternity store Source: Destination Maternity Destination Maternity, a leading retailer of maternity wear, is planning a bankruptcy filing that could come as soon as the next few weeks, as it deals with better-capitalized competition and an onerous debt load, people familiar with the matter told CNBC. The company is working with advisors at the …

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Report: Lampert among post-bankruptcy Sears lenders

Get great content like this right in your inbox. Subscribe Sears has reportedly received $150 million in financing since emerging from bankruptcy in February 2019. According to Reuters, the chairman of the struggling department store chain’s parent company TransformCo, billionaire and former Sears Holding Corp. chairman and CEO Eddie Lampert, has provided some of that …

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Forever 21 files for bankruptcy; closing up to 178 U.S. stores

Forever 21, the retailer that popularized fast-fashion in the U.S., filed for Chapter 11 bankruptcy protection with a plan to close most of its global locations.  The filing by the privately held, family-run chain, which operates 815 stores worldwide, was not unexpected as it comes after weeks of speculation. The formerly high-flying Forever 21 has …

Forever 21 files for bankruptcy; closing up to 178 U.S. storesRead More