Bankruptcy
Oka Winds Down U.S. Business Amid Market Woes
The stylish British furniture and accessories firm said it initiated Chapter 7 bankruptcy proceedings in the…
WHP Gets Court Nod to Acquire Express Inc.
The WHP-led consortium to acquire retail chain Express saves more than 7,000 American jobs and will keep over…
Yellow Corp. Could Launch REIT for Unsold Terminals
A judge ruled the bankrupt trucking company will have another 90 days to file a proposal for the liquidation…
WWD Recommends
WHP Global Is Closing In On Its Acquisition Of Express Inc.
The WHP Global-led consortium to acquire Express Inc. is expected to be completed by mid-June, given that…
Express Vendors Told They Must Share in Financial Pain
Express suppliers were told to discount all open orders, reduce invoices on future orders and agree to…
Bankrupt Express On Fast Track of Settling Leases
Retail real estate advisers RCS, on behalf of the bankrupt specialty chain, has speedily renegotiated leases…
Bankrupt Express Is on the Fast Track of Settling Leases
Retail real estate advisers RCS, on behalf of the bankrupt specialty chain, has speedily renegotiated leases…
US Default Risk for Fashion Retailers Shows Improvement in May
May has been kind to fashion retail, with only Rue 21 filing a bankruptcy petition, showing improved default…
Esprit Enters Second Bankruptcy Proceeding in Four Years
Hong Kong-listed fashion brand Esprit is back in bankruptcy court in Düsseldorf, Germany, and is in advanced…
US Corporate Bankruptcies See April Uptick
The consumer discretionary sector has the most year-to-date bankruptcy filings, with specialty retailer…
Rue21’s 3rd Bankruptcy Tour Will See 540 Stores Shut
Rue21's underperforming retail doors, along with increased competition, led to operational losses and its…
Up To 162 More Express Doors May Close in Bankruptcy
A stalking horse bid for Express Inc. needs to be filed with the court on May 23, or the chain could…
Express Files for Chapter 11 Bankruptcy Protection
Bankrupt Express Inc. has a nonbinding offer from a consortium led by WHP Global that includes Simon Property…
Express Files For Chapter 11 Bankruptcy Protection
Bankrupt Express Inc. has a nonbinding offer from a consortium led by WHP Global that includes Simon Property…
Esprit Restructuring Globally, Layoffs Hit N.Y. Headquarters
CEO William Pak tells WWD there are no plans to abandon its New York operations in the wake of the…