JCPenney survives going bankrupt; now comes the hard part
The chain completed its previously announced sale of the retail operations to Simon Property Group and Brookfield Asset Management. It's the first step in a...
Bond defaults deliver 99% losses in new era of U.S. bankruptcies
Bankruptcy filings are surging due to the economic fallout of covid-19, and many lenders are coming to the realization that their claims are almost completely...
Paintball Empire Goes Bankrupt With Plans to Sell Assets
A court-appointed receiver plans to sell paintball equipment makers G.I. Sportz and Tippmann Sports after they defaulted on $29 million of debt. Quebec-based G.I. Sportz,...
Seattle-based cookware chain Sur La Table sells for around $90 million
A joint venture between e-commerce investment firm CSC Generation and Marquee Brands topped an opening bid from affiliates of Fortress Investment Group at an auction;...
Judge to approve Forever 21 sale that ends founders’ control
Ahead of the bankruptcy, the founders' insistence on maintaining control had spooked potential buyers and lenders.
Elliott challenges Amazon with U.K. blueprint for Barnes & Noble
To compete with Amazon, Waterstones, which gets less than 5% of its revenue from e-commerce, believes the key is to "create bookshops that people want...