Bankruptcy

BoF Professional Exclusive

Why Kith's First Investor Hasn't Given Up on Saving Barneys

18 October 2019 • By Cathaleen Chen

BoF Professional Exclusive

Why Kith's First Investor Hasn't Given Up on Saving Barneys

With support from retail industry veterans including Andrew Rosen and billionaire Ron Burkle, Sam Ben-Avraham has raised $300 million for a competing bid against ABG and has his sight set on restoring Barneys to its former glory as New York’s coolest retailer.

News & Analysis

Authentic Brands Group Bids $271 Million For Barneys, Plans to Close All 7 Stores

17 October 2019 • By Cathaleen Chen

17 October 2019 • By Cathaleen Chen

The licensing group is the preferred bidder in an auction that runs through Oct. 22. If the bid succeeds, liquidation could start soon after.

News & Analysis

Authentic Brands Group Bids $271 Million For Barneys, Plans to Close All 7 Stores

The licensing group is the preferred bidder in an auction that runs through Oct. 22. If the bid succeeds, liquidation could start soon after.

BoF Professional Exclusive

The Business of Saving Barneys

11 October 2019 • By BoF Team

BoF Professional Exclusive

The Business of Saving Barneys

Reviving the upscale department store chain will take more than a Kith-like remake.

News & Analysis

Barneys Considers Buyout Proposal From Retail Investor Group

4 October 2019 • By Bloomberg

4 October 2019 • By Bloomberg

The effort is being led by Sam Ben-Avraham, known for his roles in starting New York retail store Atrium and streetwear brand Kith, said people familiar with the matter.

News & Analysis

Barneys Considers Buyout Proposal From Retail Investor Group

The effort is being led by Sam Ben-Avraham, known for his roles in starting New York retail store Atrium and streetwear brand Kith, said people familiar with the matter.

News & Analysis

Forever 21 Needs Older Shoppers to Come Back From Bankruptcy

1 October 2019 • By Bloomberg

1 October 2019 • By Bloomberg

The retailer filed for bankruptcy protection on Sunday, and its turnaround plan relies on luring in shoppers who are actually willing to buy clothes at full price.

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News & Analysis

Forever 21 Needs Older Shoppers to Come Back From Bankruptcy

The retailer filed for bankruptcy protection on Sunday, and its turnaround plan relies on luring in shoppers who are actually willing to buy clothes at full price.

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News & Analysis

Forever 21 Founders Borrowed $10 Million From Their Daughters

30 September 2019 • By Bloomberg

30 September 2019 • By Bloomberg

The offspring are now named as unsecured creditors of their parents’ company in the bankruptcy filings.

News & Analysis

Forever 21 Founders Borrowed $10 Million From Their Daughters

The offspring are now named as unsecured creditors of their parents’ company in the bankruptcy filings.

News & Analysis

Forever 21 Files for Bankruptcy

30 September 2019 • By Reuters

30 September 2019 • By Reuters

The fast-fashion apparel retailer joins a growing list of brick-and-mortar players who have taken a hit from fierce e-commerce competition.

News & Analysis

Forever 21 Files for Bankruptcy

The fast-fashion apparel retailer joins a growing list of brick-and-mortar players who have taken a hit from fierce e-commerce competition.

News & Analysis

Forever 21 in Talks to Give Landlords a Stake in Bankruptcy

17 September 2019 • By Bloomberg

17 September 2019 • By Bloomberg

Sources say the ailing fast-fashion retailer is in talks with Simon Property Group Inc. and Brookfield Property Partners LP about the proposal, which would be part of a bankruptcy filing.

News & Analysis

Forever 21 in Talks to Give Landlords a Stake in Bankruptcy

Sources say the ailing fast-fashion retailer is in talks with Simon Property Group Inc. and Brookfield Property Partners LP about the proposal, which would be part of a bankruptcy filing.

News & Analysis

Forever 21 Plans to Shutter at Least 100 Stores in Bankruptcy

13 September 2019 • By Bloomberg

13 September 2019 • By Bloomberg

The apparel merchant is working on obtaining a financial package that would provide about $75 million for its restructuring in the court process, said a source.

News & Analysis

Forever 21 Plans to Shutter at Least 100 Stores in Bankruptcy

The apparel merchant is working on obtaining a financial package that would provide about $75 million for its restructuring in the court process, said a source.

News & Analysis

Forever 21 Prepares for Potential Bankruptcy Filing

29 August 2019 • By Bloomberg

29 August 2019 • By Bloomberg

The company has been in talks for additional financing and working with a team of advisers to help it restructure its debts.

News & Analysis

Forever 21 Prepares for Potential Bankruptcy Filing

The company has been in talks for additional financing and working with a team of advisers to help it restructure its debts.