Bankruptcy

The industry's fortunes tend to rise and fall based on the country's political climate.

When Brooks Brothers emerges from Chapter 11 bankruptcy and reorganizes under new ownership many of its 250 retail stores will almost certainly vanish in an attempt to cut costs.

Sparc's offer will be subject to higher and better bids due by Aug. 5 and has been designated as the "stalking horse," setting a minimum for others to beat.

Ascena Retail Group is slated to close all of its Catherines stores, in addition to closing a "significant number" of its Justice stores and a "select number" of Ann Taylor, LOFT, Lane Bryant and Lou & Grey stores.

Briggs & Stratton Corp. has filed for bankruptcy protection and agreed to sell assets to KPS Capital Partners LP as the company has faced declining sales and losses since the onset of the coronavirus pandemic.

The Milan-based Giglio Group is looking to buy Brooks Brothers out of bankruptcy.

Cirque du Soleil Ok'd an offer to its lenders in a deal that forgives roughly $825 million of Cirque’s $1.2 billion in outstanding loans in exchange for ownership, while leaving its current owners — a group led by billionaire private titans like David Bonderman — empty-handed.

A DOJ lawyer says executives must prove they boosted earnings

JC Penney says it will close an additional 152 stores and cut 1,000 jobs as it tries to fight its way out from under bankruptcy protection.

The store is offering 40 percent off everything online.

Hedge-fund manager Chatham Asset Management LLC emerged as the winner in a bankruptcy auction for McClatchy Co.

Mall staple Sur La Table filed for Chapter 11 bankruptcy after coronavirus-related shutdowns.

Brooks Brothers, which dressed the American business class in pinstripes for more than 200 years, survived two world wars and the shift to casual dressing. But it was no match for the coronavirus pandemic.

Potential bidders are lining up as Brooks Brothers is expected to file for bankruptcy as early as this week.

The bid for Lucky includes $140.1 million in cash and a credit bid of $51.5 million by lenders.

This marks the end to a long-drawn restructuring process which began after its equipment sparked some of the deadliest wildfires in California