Pennsylvania Real Estate Trust (PREIT), the owner of malls throughout the eastern region of the United States, including the newly opened Fashion District Mall in Center City Philadelphia, has filed for Chapter 11 bankruptcy. The company describes the filing as a prepackaged restructuring plan … [Read more...] about 10.18.20: PREIT FILES FOR PRE-PACKAGED BANKRUPTCY
10.2.19: FOREVER 21 FILES FOR BANKRUPCY
Forever 21 has filed for bankruptcy and will soon cease operations in 40 countries and close up to 350 stores globally. At its peak, the company made $4.4 billion in revenue and made its founders, South Korean immigrants Jin Sook and Do Won "Don" Chang, billionaires. The company's key to success … [Read more...] about 10.2.19: FOREVER 21 FILES FOR BANKRUPCY
2.26.18: N.Y. Supermarket Chain Files for Bankruptcy
Even food stores thought to be immune from the threat of Amazon are at risk. N.Y. supermarket chain Tops Markets filed for bankruptcy citing an unsustainable debt load, falling food prices and stiff competition from Amazon.com and other low-cost rivals forcing the supermarket chain to reorganize. … [Read more...] about 2.26.18: N.Y. Supermarket Chain Files for Bankruptcy
3.2.16: Sports Authority Files for Bankruptcy
About one-third of Sports Authority stores will be shut down or sold as the company filed for bankruptcy, the company announced Wednesday morning. Sports Authority plans to close about 140 of its 463 stores over the next three months as it seeks a buyer. Distribution centers in Denver and Chicago … [Read more...] about 3.2.16: Sports Authority Files for Bankruptcy