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Bankruptcy Update: Ruby Tuesday Files Chapter 11 While Progress Slows For JCPenney
Sunday, October 11, 2020 - 10:06pm | 1333The list of bankruptcies this year continues to grow. Casual food chain Ruby Tuesday filed for Chapter 11 protection on Wednesday. The Tennessee-based company became just the latest in a string of major brands to file for bankruptcy in 2020 — a year where virtually every...
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Century 21, J.C. Penney And J. Crew Are Just 3 Retailers On A Long List Of 2020 Bankruptcies
Sunday, September 13, 2020 - 12:00pm | 1170Century 21 Department Stores LLC grabbed headlines last week when it confirmed plans to close all 13 of its stores and liquidate assets as part of a chapter 11 process. In doing so, the New York-based company became just the latest in a string of major retailers to file for bankruptcy in 2020...
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Mall Operator Simon And Authentic Brands Jointly Make $305M Stalking Horse Bid For Bankrupt Brooks Brothers
Friday, July 24, 2020 - 4:54am | 319Brooks Brothers Inc. announced Thursday it was seeking a bankruptcy court’s permission to enter an asset purchase deal with Sparc Group LLC, a joint venture between the Barneys and Nautica brands owner Authentic Brands Group LLC and mall operator Simon Property Group Inc (NYSE...
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Traditional Retailers Set Their Sights On Amazon
Friday, January 29, 2016 - 10:06am | 490Amazon.com, Inc. (NASDAQ: AMZN) has significantly disrupted the retail space over the past five years – undercutting prices and providing a fast and easy shopping-from-home experience to its customers. It has taken a massive bite out of brick-and-mortar stores' market share. In order to keep...
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Citigroup Acquires Brooks Brothers' Credit Card Accounts
Friday, June 26, 2015 - 2:30pm | 321Citigroup Inc (NYSE: C) added Brooks Brothers to its growing list of retail credit cards, acquiring the 197-year-old retailer's card portfolio for undisclosed terms. Citi's agreement with Brooks Brothers follows recent card relationships with Best Buy, Volkswagen U.S. and CNH Industrial...
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Keep Your Eyes Peeled for These Product Placements in The Great Gatsby
Friday, May 10, 2013 - 2:23pm | 140Perhaps the most anticipated box office opening of 2013, The Great Gatsby hit theaters today. Reviled by some critics and loved by others, the film has spawned a bit of a cultural obsession with the Roaring Twenties. Both the Brooks Brothers and Tiffany & Co. (NYSE: TIF) have released...