De Beers Makes Sweeping Cuts to Its Elite Diamond-Buying Club
The diamond company produced less than 22 million carats last year, down from almost 35 million in 2022.
bankruptcy
Retail
Men's Wearhouse Owner Files for Bankruptcy
Tailored Brands announced it has entered into a restructuring agreement with more than 75 percent of its senior lenders, which could reduce the company's debt by at least $630 million.
Men's Wearhouse Owner Files for Bankruptcy
Tailored Brands announced it has entered into a restructuring agreement with more than 75 percent of its senior lenders, which could reduce the company's debt by at least $630 million.
Retail
Lord & Taylor Files for Bankruptcy
Fashion start-up Le Tote Inc., which also filed for Chapter 11, bought the rights to the company’s stores, brand and e-commerce site from Hudson’s Bay Co. for $71 million last year.
Lord & Taylor Files for Bankruptcy
Fashion start-up Le Tote Inc., which also filed for Chapter 11, bought the rights to the company’s stores, brand and e-commerce site from Hudson’s Bay Co. for $71 million last year.
Retail
Men's Wearhouse Owner Likely to File for Bankruptcy in Third Quarter
Tailored Brands Inc. also announced plans earlier this month to close up to 500 stores and cut 20 percent of its corporate workforce.
Men's Wearhouse Owner Likely to File for Bankruptcy in Third Quarter
Tailored Brands Inc. also announced plans earlier this month to close up to 500 stores and cut 20 percent of its corporate workforce.
Retail
Report: Authentic Brands and Sycamore Partners Weigh Bids for Ann Taylor Owner
Ascena Retail Group had been struggling to contend with dated brands and merchandise and a shift to online shopping despite a string of acquisitions over the years.
Report: Authentic Brands and Sycamore Partners Weigh Bids for Ann Taylor Owner
Ascena Retail Group had been struggling to contend with dated brands and merchandise and a shift to online shopping despite a string of acquisitions over the years.
Retail
Brooks Brothers Enters Purchase Deal With Authentic Brands and Simon Property Group
The move could preserve the apparel brand as a going concern and help its operations in at least 125 stores.
Brooks Brothers Enters Purchase Deal With Authentic Brands and Simon Property Group
The move could preserve the apparel brand as a going concern and help its operations in at least 125 stores.
Retail
Ann Taylor Owner Files for Bankruptcy
Ascena Retail Group, which listed about $12.5 billion of debts, has entered into a restructuring support agreement with over 68 percent of its secured term lenders.
Ann Taylor Owner Files for Bankruptcy
Ascena Retail Group, which listed about $12.5 billion of debts, has entered into a restructuring support agreement with over 68 percent of its secured term lenders.
Retail
Muji USA Files for Chapter 11 Bankruptcy
Even before the pandemic hit, the Japanese retailer's US unit had been operating at a loss for the past three fiscal years.
Muji USA Files for Chapter 11 Bankruptcy
Even before the pandemic hit, the Japanese retailer's US unit had been operating at a loss for the past three fiscal years.
Retail
Report: Ann Taylor Owner Prepares for Potential Bankruptcy Filing
Ascena Retail Group could enter Chapter 11 as soon as this week with a creditor agreement in place that eliminates around $700 million of its $1.1 billion debt load.
Report: Ann Taylor Owner Prepares for Potential Bankruptcy Filing
Ascena Retail Group could enter Chapter 11 as soon as this week with a creditor agreement in place that eliminates around $700 million of its $1.1 billion debt load.
Retail
Sycamore Partners in Talks to Buy J.C.Penney, Sources Say
J.C.Penney is also reportedly in touch with some of its landlords, including Brookfield Asset Management Inc and Simon Property Group, about possible transactions.
Sycamore Partners in Talks to Buy J.C.Penney, Sources Say
J.C.Penney is also reportedly in touch with some of its landlords, including Brookfield Asset Management Inc and Simon Property Group, about possible transactions.
Retail
Is This the End of the American Mall as We Know It?
Too many stores are chasing a customer who no longer exists. As the pandemic wipes out these retailers, the malls they occupy will also become obsolete.
Is This the End of the American Mall as We Know It?
Too many stores are chasing a customer who no longer exists. As the pandemic wipes out these retailers, the malls they occupy will also become obsolete.
Financial Markets
What the Bankruptcy Onslaught Means for the Future of Retail
Filing for Chapter 11 looks different now. Here's what retailers and their partners need to know.
What the Bankruptcy Onslaught Means for the Future of Retail
Filing for Chapter 11 looks different now. Here's what retailers and their partners need to know.
Financial Markets
Bankruptcy Court Approves Neiman Marcus' Plea to Access Financing
The luxury department store arranged $675 million of debtor-in-possession financing to aid operations while it attempts to reorganise.
Bankruptcy Court Approves Neiman Marcus' Plea to Access Financing
The luxury department store arranged $675 million of debtor-in-possession financing to aid operations while it attempts to reorganise.
The News in Brief
L’Oréal India in Talks to Acquire Beauty Company Innovist
L’Oréal is in advanced talks to acquire a majority stake in Bare Anatomy parent Innovist sources told The Economic Times India.
Zegna Chairman Says War Has Clouded Visibility of Demand in Middle East
The Italian fashion house cautioned the war is reducing visibility on demand in the Middle East, which accounts for 7 percent of its sales, though all stores are currently open in the region.
Glossier Appoints New CMO
Nicole Solorzano, who joins from Ouai, is the Millennial beauty brand’s latest hire.
Macy’s CEO Points to E-Shaped Economy, Signalling Consumer Shift
The mention of a forked economy by the head of America’s largest department store signals a heightened wariness that middle-income Americans will continue to spend at the same pace.
France’s Bid to Suspend Shein’s Marketplace Rejected by Appeals Court
The decision from Paris’ Court of Appeal marked a win for the fast-fashion giant after a scandal over sex dolls resembling children for sale on its site.
Coty Announces Board Revamp
The embattled Covergirl owner has appointed five new independent directors amidst a wider leadership and company shakeup.
Zimmermann Names Roberto Eggs CEO
The Moncler Group executive will succeed longtime CEO Chris Olliver, who is staying on as executive chairman.