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Chaim Stern, the nursing home’s former operator, has pleaded guilty in federal court to embezzlement and tax offenses; he was also chief financial officer of Bridgeport Manor, which closed in 2018 after it was revealed he had diverted $4 million from its employees’ retirement plan to himself and a religious charity he controlled.
The chain's stores in Stamford and Pelham Manor will remain open during the bankruptcy process.
The 14-store chain began in 1933 as a fruit-and-vegetable stand on Manhattan’s Upper West Side.
The Norwalk firm -- which has 3.73 million broadband internet subscribers and 838,000 pay television subscribers in the U.S. -- carries a debt load of about $17.5 billion.
The iPic theater at Rivertowns Square in Dobbs Ferry will be showing its last movie on Sunday, after its parent company, iPic Entertainment Inc.,...
Destination Maternity listed $260.2 million in assets and $244 million in debts in its bankruptcy petition.
The company is also seeking to execute an asset sale to Constellation, a subsidiary of Exelon Corp.
“This does NOT mean that we are going out of business," the clothing retailer insists in a letter to its customers.
If true, Forever 21’s bankruptcy would follow in the recent footsteps of a number of high-profile stores like Payless, Toys R Us and Charlotte Russe.
Standard Amusements LLC is asking a federal court to reinstate a contract that was terminated May 28 by Westchester County that allowed it to take over operation of Playland.
The Business Journal obtained a copy of the letter that states that Standard Amusements for months failed to cure material breaches of the contract and did not engage in good faith negotiations with the county.
David’s Bridal, which specializes in wedding dresses, prom gowns, and other formal wear, has stores in Yonkers and Middletown, in New York and in Danbury, Connecticut.
Sears Holdings said in a statement that it intends to reorganize around a smaller group of stores that have performed well.