
The New York-based apparel and accessories retailer announced on Thursday that it has emerged from Chapter 11 bankruptcy and is now "well positioned for long-term growth."
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The New York-based apparel and accessories retailer announced on Thursday that it has emerged from Chapter 11 bankruptcy and is now "well positioned for long-term growth."
J.C. Penney's landlords are nearing a deal to rescue the beleaguered department store chain from bankruptcy proceedings, averting a liquidation that would have threatened roughly 70,000 jobs.
Few people play as pivotal a role in Italian fashion as Raffaello Napoleone, the chief executive officer of Pitti Imagine, whose twice-a-year menswear salon is, to many people, the top-ranked fashion salon anywhere.
J.Crew Group Inc said on Tuesday it expects to emerge from Chapter 11 in early September, after a bankruptcy court accepted its restructuring plan.
U.S. department store chain Lord & Taylor is set to close two dozen stores, as it continues to search for a buyer to restructure under Chapter 11 bankruptcy protection.
American off-price retailer Stein Mart Inc filed for Chapter 11 bankruptcy protection on Wednesday, becoming the latest apparel seller to crumble under the economic stress caused by coronavirus-led lockdowns.
US apparel retailer Brooks Brothers said late Tuesday that it is to be acquired by Authentic Brands Group and Sparc Group after they increased their $305 million offer to $325 million.
Brooks Brothers has said that Authentic Brands Group and malls giant Simon Property Group have it in their sights with a $300m+ bid and plans to save “at least” 125 stores. But other bids could still derail the plan.
J.C. Penney said on Wednesday that it will cut its workforce by about 1,000 positions and close 152 store locations, as part of an organizational restructuring.
As the New York-based brand management company continues its search for a financial lifeline, Iconix has announced that it is examining a range of strategic alternatives, including a potential sale or merger.