November 11, 2020
J. C. Penney announced that the Bankruptcy Court approved the asset purchase agreement (APA) with Brookfield Asset Management, Inc., Simon Property Group, and the Company’s DIP and First Lien Lenders. The a ... Read more
November 5, 2020
Yesterday, Pet Retail Brands announced plans to wind down all of Pet Valus U.S. operations, while keeping its Canadian business intact. The Company expects to close all of its 358 Pet Valu locations in the United State ... Read more
October 28, 2020
In the J.C. Penney bankruptcy case, the Debtors provided notification that following mediation, Simon Property Group and Brookfield Asset Management, the Majority Lender Group, and the Debtors reached agreement on all outstanding business points in ... Read more
October 21, 2020
In a filing with the SEC related to the J.C. Penney bankruptcy case, the Debtors stated that they plan to file a draft version of an asset purchase agreement (APA) later today. The APA was prepared with the other parties to a pr ... Read more
October 14, 2020
Yesterday, Bed Bath & Beyond announced the sale of its Christmas Tree Shops banner, its Linen Holdings business, and a distribution center in Florence, NJ to Handil Holdings and The Linen Group, in separate agreements ... Read more
October 7, 2020
Ruby Tuesday announced today that it has filed a voluntary petition for reorganization under Chapter 11 of the Bankruptcy Code. Prior to its filing, the Company reached an understanding with its secured lenders to support its restructuring through f ... Read more
September 30, 2020
Amazon is reportedly bringing its new Amazon Fresh grocery format to Whittier, CA, occupying a shuttered Orchard Supply Hardware store. Nearby competitors include ALDI, Ralph’s, Trader Joe’s, and Target. As reported in last week& ... Read more
September 23, 2020
Bed Bath & Beyond identified the first 63 stores it will close by year-end as part of its restructuring plan announced in July, under which it would close roughly 200 stores over the next two years. The Company operates 1,478 stores under various ... Read more
September 16, 2020
According to published reports, Petco’s private equity owners, CVC Capital Partners (CVC) and Canada Pension Plan Investment Board (CPPIB), are looking to sell Petco or launch an IPO. The reports indicate the Company is being ... Read more
September 10, 2020
Today, Century 21 Department Stores LLC, filed a voluntary Chapter 11 petition in the U.S. Bankruptcy Court for the Southern District of New York. The proceedings have been designated as case number 20-12097. In connection with the proc ... Read more
