Nine West Holdings, Inc., which owns Nine West and Anne Klein brands, filed Chapter 11 bankruptcy on Friday. The company intends to continue operating during the bankruptcy process. Nine West said in a statement that it plans to sell Nine West and its Bandolino line to Authentic Brands Group. ABG owns Juicy Couture and Aéropostale, among others. Click here for the full story. ...
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Winn-Dixie and Bi-Lo Owner Files for Bankruptcy
Southeastern Grocers, the Florida-based operator of supermarket chains Winn-Dixie and Bi-Lo, said on Tuesday it filed for Chapter 11 bankruptcy protection to restructure debt. The restructuring will reduce its debt by $500 million as it will continue to operate over 580 stores, the company said. Click here for the full story. ...
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US gun maker, Remington, files bankruptcy
Remington, a company that began making flintlock rifles when there were only 19 United States, has filed for bankruptcy protection. Late Sunday, according to records from the bankruptcy court of the district of Delaware, Remington Outdoor Co. agreed to a prepackaged deal that would give holders of the company's $550 million term loan an 82.5 percent stake, according to a release. Click here and here for the full story. ...
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