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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.
Robert G. Burton Sr., chairman and CEO of Cenveo Inc., will resign as part of a reorganization agreement with its major stakeholders that will enable the company to emerge from Chapter 11 this summer.
The two Fairfield County locations for the Bertucci’s restaurant chain will remain open while the company files for restructuring under the Chapter 11 bankruptcy process.
Remington's Bushmaster XM-15 was used in the 2012 Sandy Hook massacre.