More From Sindhu Sundar
J.C. Penney Moves With Lenders Amid ‘Stalemate’ With Other Prospects
The retailer said it's at an impasse with prospective third-party bidders, and that it plans to move on a…
Exiting Bankruptcy
Some major retailers who filed for Chapter 11 during the pandemic are moving onward after a trip in court…
Neiman’s Targets Marble Ridge Over Conduct During Reorganization
In a new complaint, the bankrupt retailer echoed allegations against the hedge fund that surfaced in a report…
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J. Crew Gets Green Light for Reorganization Plan
The plan, which includes a $1.6 billion debt-for-equity swap, paves the way for the retailer to formally…
Trustee Sounds Alarm Over Marble Ridge Conduct In Neiman’s Bankruptcy
The hedge fund, a loud critic of the Mytheresa transfer, interfered in the reorganization process, the U.S…
A Mentorship Effort to Address Barriers for Black Talent
A group of fashion creatives and business professionals are launching RAISEfashion, meant to open up industry…
Walmart Posts Strong Pandemic Revenues
The retailer continued to generate strong revenues during the pandemic, and e-commerce sales grew by 94…
Brooks Brothers to Proceed With $325M Sale to SPARC Group
The centuries-old retailer will be sold to SPARC, the ABG-Simon Property Group joint venture, but vendors and…
J.C. Penney Plods On In Talks Toward Sale Deal
The retailer told a Texas bankruptcy court Wednesday that negotiations on a sale are still ongoing.
Jamie Salter, the $12 Billion Man
The founder and ceo of Authentic Brands Group submitted the winning bid late Tuesday to purchase Brooks…
Brooks Brothers Heads Toward Sale Auction
An auction to consider bids to purchase the bankrupt retailer has been pushed to Tuesday.
J. Crew Creditors Say Company Undervaluing Business
The bankrupt retailer's unsecured creditors argue that its enterprise value is $2.9 billion rather than the…
Neiman’s Consignment Vendors Who Await Payments
A number of consignment vendors who shipped their products to the retailer before its bankruptcy are waiting…
ABG Group to Be Stalking Horse at Brooks Brothers Auction
A Delaware bankruptcy court affirmed the $305 million offer by Sparc Group as the stalking-horse bid.
J.C. Penney Seeks Approval for $47.7M ‘Key Employee’ Payments
The retailer sought payments it argued were necessary to retain a number of key employees, who do not include…