JCPenney Files for Chapter 11 as Part of Plan to Reduce Debt
Department store chain JCPenney filed for Chapter 11 bankruptcy under which debt will be reduced by several billion dollars.
JCPenney Makes Interest Payment as It Weighs Options
The retailer, which also owns brands such as Liz Claiborne and St. John's Bay, suffers from liquidity issues.
e.l.f.’s Chipotle Collaboration and New CBD Line Fend Off Pandemic Blues
Cosmetics brand taps into two major trends expected to continue after Covid-19.
Neiman Marcus Likely to File for Bankruptcy Within Days of Finalizing Deal With Lenders
The pandemic continues to upend retail, as the storied department store chain plans to reorganize.
J.Crew Files for Bankruptcy
The preppy clothing brand had hoped to refinance debt via an IPO of fast-growing brand Madewell.
Lululemon Names Nikki Neuburger Chief Brand Officer
A veteran of Uber and Nike, Neuburger is stepping into a newly created role.
Yum Brands Enters Fast-Casual Category With Purchase of The Habit Burger Grill
The parent company of KFC, Taco Bell and Pizza Hut is adding burgers to its menu with the acquisition of The Habit Burger Grill for $375 million.
Kylie Cosmetics Names Beauty Industry Veteran as CEO
Kylie Cosmetics named Christoph Honnefelder as its CEO and announced the completion of a majority stake sale to Coty.
With Restructuring, Toms Shoes Suffers Fate Common to Mall-Based Retailers
Bain Capital-backed Toms Shoes has handed over ownership keys to a group of creditors led by Jefferies, Nexus and Brookfield.
Saks Fifth Avenue Parent Company Hudson’s Bay Agrees to Take-Private Offer
A group of shareholders led by chairman Richard Baker made the deal.