bankruptcy


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Ruby Tuesday introduced plans to close 185 of its restaurants (Ildar Sagdejev via Wikipedia Commons)

CEO says bankruptcy is not goodbye, Ruby Tuesday

Yet another chain is seeking bankruptcy protection after the pandemic decimated its business. The restaurant chain Ruby Tuesday filed...

CEO says bankruptcy is not goodbye, Ruby Tuesday
Century  21 will wind down operations at its 13 stores (Getty)

Century 21 Stores files for bankruptcy, blames insurers

UPDATED, Sept. 10, 12:40 p.m.: Century 21 Stores is the latest retailer to file for bankruptcy, and it blames...

Century 21 Stores files for bankruptcy, blames insurers
Brookfield’s Ric Clark and Simon Property Group’s David Simon (Getty)

J.C. Penney saved by Simon and Brookfield

J.C. Penney is saved. The retailer will be acquired by mall operators Simon Property Group and Brookfield Property Partners, avoiding liquidation. Simon and Brookfield will pay about $300 million in cash and assume $500...

J.C. Penney saved by Simon and Brookfield
(iStock)

Regus bankruptcy would put nearly $13B in CMBS loans at risk

Hit hard by its subtenants’ inability to pay on time, an affiliate of executive suites and coworking company International...

Regus bankruptcy would put nearly $13B in CMBS loans at risk
Marble Ridge Capital LP's Dan Kamensky and Neiman Marcus at Hudson Yards in New York (Getty; Jewish National Fund)

Hedge fund manager arrested for fraud in Neiman Marcus bankruptcy

A hedge-fund manager has been arrested and charged with fraud in connection to Neiman Marcus’ bankruptcy. Dan Kamensky, the...

Hedge fund manager arrested for fraud in Neiman Marcus bankruptcy
Charles B. Lebovitz (CBL, iStock)

Mall owner CBL Properties nears bankruptcy

Suffocating under retailers’ inability to pay rent and more than $3 billion in debt, CBL Properties is on its way toward declaring bankruptcy. The company announced that it reached an agreement with some of...

Mall owner CBL Properties nears bankruptcy
Authentic Brands Group CEO Jamie Salter, David Simon and Brooks Brothers (Getty)

Simon, Authentic Brands to buy Brooks Brothers

Brooks Brothers has found its white knight in mall giant Simon Property Group and apparel licensing firm, Authentic Brands...

Simon, Authentic Brands to buy Brooks Brothers
Retailers are rejecting leases amid bankruptcy filings, putting a strain on landlords. (iStock; Pixabay)

Retailers rejecting leases amid bankruptcy could bring “tsunami” for landlords

Retail bankruptcy filings have skyrocketed in recent months, with a key benefit being the ability to exit a pricey,...

Retailers rejecting leases amid bankruptcy could bring “tsunami” for landlords
Lord & Taylor and Men’s Wearhouse are just the latest big retail chains to file for bankruptcy (Lord and Taylor by Bruce Bennett/Getty Images; Men's Warehouse by Scott Olson/Getty Images)

Lord & Taylor, Men’s Wearhouse file for bankruptcy

Lord & Taylor and the owner of Men’s Wearhouse have fallen victim to the coronavirus, with the retailers filing...

Lord & Taylor, Men’s Wearhouse file for bankruptcy
Lane Bryant and Ann Taylor stores (Getty)

Ann Taylor and Lane Bryant parent company files for bankruptcy

Just a few years ago Ascena Retail Group was one of the largest retailers for women’s clothes. Thursday, it...

Ann Taylor and Lane Bryant parent company files for bankruptcy
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