Tri-State
Owner, Hackensack officials fight over shuttered Sears
As a former retail giant vanishes from the American landscape, the fate of one of its Bergen County, New...
retail bankruptcies
The Latest
National
RPT Realty ponders bankrupt mall owner Washington Prime
Shares of mall owner Washington Prime were trading at about $5 before it filed this month for Chapter 11...
National
Macerich taps PJT Partners for assistance
As Macerich battles liquidity issues, the mall owner has tapped an investment bank for assistance managing its debt. PJT Partners, whose specialties include debt restructuring, will advise on options for a $1.5 billion revolving...
National Weekend Edition
“The Bachelor” creator really thought his Hawaii home was the one
The creator of the long-running reality show series “The Bachelor” and “The Bachelorette” is looking for a match for...
National
Retail bloodbath will continue with 10,000 closures this year: report
Don’t expect brick-and-mortar retail to escape from the discount rack this year, a new report warns. An analysis released...
National
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...
National
Retail rent collections rebound to 90%
The pandemic has exacerbated the retail sector’s pre-existing problems, deteriorating rent collections and forcing landlords to make compromises with their tenants. But there were some encouraging signs as 2020 came to a close. Before...
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...
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...
National
Simon and Brookfield finalize terms of J.C. Penney buy
Simon Property Group and Brookfield Asset Management have finalized the terms of their acquisition of J.C. Penney. The companies...