Bankruptcy

News & Analysis

New York Sees 40% Bankruptcy Surge, Braces for More

29 September 2020 • By Bloomberg

29 September 2020 • By Bloomberg

The pandemic could permanently close as many as a third of the city's 230,000 businesses.

News & Analysis

New York Sees 40% Bankruptcy Surge, Braces for More

The pandemic could permanently close as many as a third of the city's 230,000 businesses.

BoF Professional Exclusive

Will This Time Be Different for Neiman Marcus and J.C. Penney?

13 September 2020 • By Brian Baskin

BoF Professional Exclusive

Will This Time Be Different for Neiman Marcus and J.C. Penney?

This week, everyone will be talking about fashion weeks in New York and London, the post-bankruptcy futures of Neiman Marcus and J.C. Penney, and sales updates from the owners of Zara and H&M. Get your BoF Professional Cheat Sheet.

BoF Professional Exclusive

Will American Retail Rise Again?

6 September 2020 • By Sarah Kent

BoF Professional Exclusive

Will American Retail Rise Again?

This week, everyone will be talking about what comes next for American retail, the prospects for the luxury watch market and Goop’s online wellness summit. Get your BoF Professional Cheat Sheet.

News & Analysis

J.C. Penney's Bankruptcy Attracts New Potential Bidders

2 September 2020 • By Bloomberg

2 September 2020 • By Bloomberg

The hedge funds that hold the retailer's loans would become co-owners of a business they never planned to run, in partnership with a third party that could include one of the potential buyers they’ve been wooing.

News & Analysis

J.C. Penney's Bankruptcy Attracts New Potential Bidders

The hedge funds that hold the retailer's loans would become co-owners of a business they never planned to run, in partnership with a third party that could include one of the potential buyers they’ve been wooing.

BoF Professional Exclusive

Who Will Buy TikTok?

30 August 2020 • By Brian Baskin

BoF Professional Exclusive

Who Will Buy TikTok?

This week, everyone will be talking about the future of TikTok, J.Crew's emergence from bankruptcy and a jump in Covid-19 cases in France. Get your BoF Professional Cheat Sheet.

News & Analysis

J. Crew Wins Bankruptcy Exit Approval

25 August 2020 • By Bloomberg

25 August 2020 • By Bloomberg

To do so, it’ll swap more than $1.6 billion of old secured debt for ownership in the company.

News & Analysis

J. Crew Wins Bankruptcy Exit Approval

To do so, it’ll swap more than $1.6 billion of old secured debt for ownership in the company.

News & Analysis

J. C. Penney Shareholders at Risk of Wipeout Want Voice in Court

20 August 2020 • By Bloomberg

20 August 2020 • By Bloomberg

The group argues a liquidation would generate more than $8.4 billion, enough to pay off all creditors with some left over for shareholders.

News & Analysis

J. C. Penney Shareholders at Risk of Wipeout Want Voice in Court

The group argues a liquidation would generate more than $8.4 billion, enough to pay off all creditors with some left over for shareholders.

BoF Professional Exclusive

Who Wants to Buy Europe's Failing Fashion Brands?

10 August 2020 • By Robert Williams

BoF Professional Exclusive

Who Wants to Buy Europe's Failing Fashion Brands?

An online retailer chasing growth, a supplier-turned-retailer, and a worried Italian government are among the unlikely cast of investors shelling out for brands including Warehouse, Naf Naf and Corneliani. The assets are small fish, but the deals could hint at bigger transactions to come.

News & Analysis

Men's Wearhouse Owner Files for Bankruptcy

3 August 2020 • By Reuters

3 August 2020 • By Reuters

Tailored Brands announced it has entered into a restructuring agreement with more than 75 percent of its senior lenders, which could reduce the company's debt by at least $630 million.

News & Analysis

Men's Wearhouse Owner Files for Bankruptcy

Tailored Brands announced it has entered into a restructuring agreement with more than 75 percent of its senior lenders, which could reduce the company's debt by at least $630 million.

News & Analysis

Lord & Taylor Files for Bankruptcy

3 August 2020 • By Bloomberg

3 August 2020 • By Bloomberg

Fashion start-up Le Tote Inc., which also filed for Chapter 11, bought the rights to the company’s stores, brand and e-commerce site from Hudson’s Bay Co. for $71 million last year.

News & Analysis

Lord & Taylor Files for Bankruptcy

Fashion start-up Le Tote Inc., which also filed for Chapter 11, bought the rights to the company’s stores, brand and e-commerce site from Hudson’s Bay Co. for $71 million last year.