Private equity firm Sycamore Partners is in preliminary talks to acquire J.C. Penney Co Inc out of bankruptcy should the U.S. department store chain’s negotiations with its creditors fail, sources said.
NYC's prince of jewelry, HRH Prince Dimitri of Yugoslavia, will release Once Upon a Diamond: A Family Tradition of Royal Jewels, a book of memoirs on his family's collections and his own designs, in September.
After filing for bankruptcy protection on Friday, a lawyer for J.C. Penney said at a court hearing on Saturday that the U.S. department store chain needs to exit bankruptcy proceedings in a matter of months to survive.
Covid-19 forced the closure all of Delvaux’s stores in Europe and North America, and kept staff all in lockdown in Brussels, but the house has been busy. As of this Friday it will have its own e-commerce business.
As the Canadian retailer announced that it has completed its privatization transaction, it was also revealed that CEO Helena Foulkes will be stepping down, to be replaced by executive chairman Richard Baker.
U.S. department store operator Sears has reportedly reached a deal for a fresh financial lifeline totaling roughly $100 million from hedge fund Brigade Capital Management LP, as it tries to stabilize after bankruptcy.