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Fuse Group CEO Eyal Peretz and Metronomic's Ricky Trinidad with 3364 Oak Avenue (Photo via Google Maps; Fuse; Metronomic)

Bankruptcy judge paves way for Metronomic property auction

A U.S. bankruptcy judge this week approved Metronomic Holdings’ settlement with a creditor, clearing the way for the developer...

Bankruptcy judge paves way for Metronomic property auction
AMC Entertainment Holdings CEO Adam Aron (Getty)
National

AMC needs $750M to avoid bankruptcy

Movie theater chain AMC Entertainment Holdings needs a cash infusion of at least $750 million, otherwise it might have to file for bankruptcy. AMC said in a filing on Friday that without additional financing,...

AMC needs $750M to avoid bankruptcy
CMX emerges from bankruptcy after filing in April (Getty, Wheeling Town Center)

Encore: CMX Cinemas parent emerges from bankruptcy

 In perhaps a surprise twist, a movie theater chain gets a sequel. Cinemex Holdings USA, the Miami-based parent of...

Encore: CMX Cinemas parent emerges from bankruptcy
Ascena brands CEO Gary Muto and Sycamore Partners CEO Rob Sweeney (Photos via Getty; LinkedIn)
National

Ascena rescued from bankruptcy by private equity firm

Private-equity firm Sycamore Partners got the green light to grab several Ascena Retail Group brands — Ann Taylor, Lane...

Ascena rescued from bankruptcy by private equity firm
 J.C. Penney (iStock)
National

J.C. Penney has been saved. Now what?

J.C. Penney has been rescued from bankruptcy, but challenges remain for the beleaguered retailer. The department store chain completed the sale of its retail operations to Simon Property Group and Brookfield Asset Management on...

J.C. Penney has been saved. Now what?
As workers trade in suits for sweatpants, 1 in 6 dry cleaners has closed or gone bankrupt (Getty)
National

Pandemic takes drastic toll on dry cleaners

At J’s Cleaners, business had clawed up to 40 percent of pre-pandemic levels last month. But now, with Covid-19 soaring again, that number is expected to plummet. “If this thing keeps dragging, many small...

Pandemic takes drastic toll on dry cleaners
Cineworld Group CEO Mooky Greidinger and Regal Cinema (Photo via Getty; Wikipedia)
National

Regal Cinemas scores financial rescue package

The owner of Regal Cinemas scored a lifeline to help the financially challenged movie theater chain stay afloat. Cineworld...

Regal Cinemas scores financial rescue package
The second-largest movie theater operator in the U.S. is hunting for a financial lifeline (iStock)
National

Regal Cinemas in talks for rescue deal

The parent company of Regal Cinemas, the second-largest movie theater operator in the U.S., is hunting for a financial lifeline. U.K.-based Cineworld is in talks with investors for rescue financing or debt to fund...

Regal Cinemas in talks for rescue deal
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