Bankruptcy


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Photo illustration of Brookfield Property Partners’ Brian Kingston (Brookfield, iStock)

Struggling hotel company handing Brookfield the keys

Out of options, a struggling hospitality trust is handing over its control to Brookfield Asset Management through the bankruptcy...

Struggling hotel company handing Brookfield the keys
AMC CEO Adam Aron (Getty, iStock)

AMC reopens 90% of U.S. theaters

The show is going on for AMC. The international movie theater chain has reopened nearly 90 percent of its U.S. cinemas. AMC Entertainment Holdings said Wednesday that 527 out of 589 domestic theaters have...

AMC reopens 90% of U.S. theaters
Ascena owns Ann Taylor, Lane Bryant, Lou & Grey and Cacique. (Getty)

Ascena restructuring approved post-bankruptcy

A bankruptcy court has approved Ascena Retail Group’s Chapter 11 plans. Under the plans, Ascena — which owns Ann...

Ascena restructuring approved post-bankruptcy
Quarters CEO Rui Barros (Linkedin)

Quarters, the “WeWork of co-living,” files for bankruptcy

Quarters’ U.S. expansion appears to have ended in bankruptcy. Eight properties and two additional limited liability companies tied to...

Quarters, the “WeWork of co-living,” files for bankruptcy
AMC Entertainment Holdings CEO Adam Aron (Getty)

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
Ascena brands CEO Gary Muto and Sycamore Partners CEO Rob Sweeney (Photos via Getty; LinkedIn)

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)

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?
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