Tag: Bankruptcy
Sur La Table files for bankruptcy; closing Westchester, CT stores
The national retailer Sur La Table, which specializes in offering kitchenware as well as cooking classes, has filed for Chapter 11 bankruptcy and plans...
Brooks Brothers files for Chapter 11; Stamford store to close
The luxury apparel retailer joins such names as Neiman Marcus, J.Crew, J.C. Penney, and Chuck E. Cheese to file for bankruptcy over the past few months.
GNC files for bankruptcy; to close about half of its stores
The firm has identified 248 stores that are set to be shuttered.
Le Pain Quotidien files for bankruptcy, with restaurant closings looming
The chain has locations in Greenwich, New Canaan, Rye and Stamford.
Vince McMahon reportedly trying to revive XFL
According to The Athletic, McMahon -- who filed for Chapter 11 protection for the league in April -- is looking to retrieve the XFL "at a fire-sale price.”
Pier 1 Imports looking to wind down, sell assets
Pier 1 Imports, the home décor and accessories retailer, announced May 19 that it plans to wind-down the company's retail operations as soon as...
Federal Reserve chairman warns of possible long recession
Federal Reserve Chairman Jerome Powell warns that the COVID-19 pandemic could result in a long-term recession and urges additional action by Congress and the White House to prevent it.
J.C. Penney eyes potential bankruptcy and store closings
The retailer has stores in Danbury, Trumbull, Middletown and Poughkeepsie.
Neiman Marcus files for Chapter 11 bankruptcy
Neiman Marcus Group, whose department store locations include the Neiman Marcus store at The Westchester in White Plains, has filed for Chapter 11 bankruptcy...
J. Crew eyes bankruptcy filing
It is not certain whether a bankruptcy filing would result in the permanent closure of any stores.
Cuomo to McConnell: ‘Really dumb’ to tell states to go bankrupt
https://www.youtube.com/watch?v=CbKJA7C5SqI&feature=youtu.be
“This is one of the really dumb ideas of all time,” Gov. Andrew M. Cuomo said today about U.S. Senate Majority Leader Mitch McConnell's...
Frontier Communications to be delisted from Nasdaq on Friday
The Norwalk company filed for Chapter 11 last week, at the end of which its shares were trading at 22 cents, compared with $2.69 on April 17, 2019.
Frontier Communications restructuring under Chapter 11
The Norwalk company lists total debt of $21.9 billion against assets of $17.4 billion. It plans on using the Chapter 11 filing to “generate sufficient liquidity from the restructuring to meet our obligations and operating needs.”
Bogopa Enterprises bids $75M for bankrupt Fairway Market assets
Bogopa operates 26 supermarkets in the Tri-State region under the "Food Bazaar" banner.
Modell’s to begin liquidation sales tomorrow
“On top of a warm winter, on top of no snow, lousy teams (the stores sell team-branded merchandise) led us into a liquidity crisis in January," noted the chain's president and CEO Mitchell Modell.