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Tag: Corporate bankruptcy

Forever 21 among bankruptcies that rocked the retail industry in 2019

A Barney’s store stands in lower Manhattan on August 06, 2019 in New York City. Barneys, one of America’s most exclusive clothing stores, has filed for bankruptcy. Spencer Platt | Getty Images 2019 brought with it more retail bankruptcies. And the implications have been more store closures, thousands of lost jobs and an vastly different …

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Here’s why Forever 21 went bankrupt

Forever 21 has long been a staple in America’s shopping malls. But after this holiday season, more of its stores will go dark. The fast-fashion retailer’s rapid expansion internationally took a toll on the company and contributed to Forever 21’s decision to file for Chapter 11 bankruptcy protection in September. At the time, it had …

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Bumble Bee files for bankruptcy

Bumblebees chunk light tuna can food. Geri Lavrov | Getty Images Tuna maker Bumble Bee Foods said Thursday that it has filed for Chapter 11 bankruptcy protection, with an agreement from Taiwan-based FCF Fishery, its largest creditor, to purchase its assets for roughly $925 million. The bankruptcy proceedings are meant to reduce Bumble Bee’s debt …

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Barneys store liquidation sales to begin soon, bankruptcy deal closes

A Barney’s store stands in lower Manhattan on August 06, 2019 in New York City. Barneys, one of America’s most exclusive clothing stores, has filed for bankruptcy. Spencer Platt | Getty Images Store liquidation sales at Barneys New York will begin soon, according to a release issued Friday. Private sales will begin next week for …

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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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Gymboree will stage a comeback in 2020 thanks to Children’s Place

Pedestrians walk past a Gymboree store in San Francisco, California. David Paul Morris | Bloomberg | Getty Images The Gymboree clothing brand for boys and girls will be back online and in some stores next year, thanks to The Children’s Place. The Children’s Place had paid $76 million for the rights associated with both Gymboree …

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