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...
Bankruptcy
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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...
Mall owner Washington Prime Group prepares for bankruptcy
A major mall owner is preparing for bankruptcy after it failed to make an interest payment on its debt....
Ascena restructuring approved post-bankruptcy
A bankruptcy court has approved Ascena Retail Group’s Chapter 11 plans. Under the plans, Ascena — which owns Ann...
Stream this: Cinema chain AMC secures $900M in financing
While most of AMC’s movie theaters are now open nationwide, the cinema chain last month warned that it needed...
Friendly’s saved from bankruptcy, preserving 130 locations
It’s all smiles for Friendly’s. The casual dining chain has been saved from bankruptcy by Amici Partners Group, which...
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...
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,...
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...
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...
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