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Another day, another announcement of restaurant closures in the casual-dining space. Earlier this week, FAT Brands filed for Chapter 11 bankruptcy protection. As part of that process, the…
The race for the luxury beauty shopper — in New York, and throughout the U.S. — is on. With Saks Global’s Chapter 11 filings encompassing Saks Fifth Avenue, Neiman Marcus and Bergdorf…
Pat McGrath Labs is filing for Chapter 11 bankruptcy, WWD has learned. “During this process, the company will continue operations in the ordinary course of business while working to…
Amazon.com tried to buy iRobot for US$1.4 billion in 2023 but the deal fell through The company filed for bankruptcy in December after being pressured by lower-priced competitors,…
The hardest part might be over for Saks Global — but the work of rebuilding has just begun. When the luxury department store group filed for Chapter 11 bankruptcy last week and former…
Saks Global vendors looking to get their money back on unpaid invoices shouldn’t get their hopes up. They might recover a small percent of what’s owed — if anything at all — unless they…
Updated 8:43 p.m. ET Jan. 16 Saks Global has some dough again — and just in time. The retailer, which filed for bankruptcy late Tuesday and was relying on the good graces of its…
There was a lot of talk about the death of the department store as Saks Global limped along last year and then finally collapsed into insolvency late Tuesday. True, stores have had to…
The world’s biggest footwear players are among the largest unsecured creditors in Saks Global’s Chapter 11 bankruptcy. After weeks of intense speculation and many twists and turns, the…
US$1 billion debtor-in-possession financing, pending court approval, will fund Saks’ operations and turnaround Saks Global Enterprises filed for bankruptcy to address mounting losses and a…
Saks Global’s high-wire financial act is finally over. The company, which just over a year ago bought Neiman Marcus Group for $2.7 billion, filed for Chapter 11 bankruptcy late Tuesday —…
Saks Global’s race to the courthouse has come down to the wire. The fashion industry has been on pins and needles waiting for the parent of Saks Fifth Avenue, Neiman Marcus and Bergdorf…
A Saks Global bankruptcy would have a significant impact on independent luxury shoe designers and fashion houses that derive a large percentage of sales from the category. “In some cases,…
A Saks Global bankruptcy filing is expected by early-to-mid next week, with the struggling luxury retailer submitting a reorganization plan involving scores of store closures across the…
High street fashion chain LK Bennett on Tuesday petitioned a U.K. court for the appointment of an administrator. A favorite of Kate Middleton, the Princess of Wales, and former U.K. Prime…
Services were held Tuesday for David Feld, 78, founder of Today’s Man, a popular men’s specialty store chain in the 1980s and ‘90s, who passed away of cancer at a hospital in Boca Raton,…
SAKS Global Enterprises, facing limited options ahead of a more than US$100 million debt payment due at the end of this month, is considering Chapter 11 bankruptcy as a last resort,…
Roomba maker iRobot filed for bankruptcy and will go private after being acquired by its Chinese supplier Picea Robotics. Founded 35 years ago, the Massachusetts company pioneered the…
Shares of iRobot Corporation (Nasdaq: IRBT), maker of the Roomba autonomous vacuum cleaner, are crashing today after the company announced that it will seek Chapter 11 bankruptcy…
Under the restructuring, vacuum cleaner maker Shenzhen Picea will receive the entire equity stake in the reorganised company iRobot filed for bankruptcy after reaching a restructuring…
Lugano Diamonds & Jewelry Inc. — which for 21 years used megawatt diamonds and no small amount of retail savvy to attract well-heeled shoppers and investors — succumbed to bankruptcy late…
Judicial Commissioner Mohamed Faizal finds that Lee Si Ye and Ju Xiao had breached their duties as directors of Envy group of companies A director of the insolvent Envy group of companies…
Spirit Airlines said it is ending service to a dozen U.S. cities, a week after filing for bankruptcy for a second time in less than a year. The first bankruptcy came in November 2024. The…
Spirit Aviation Holdings’ second bankruptcy filing in a year signals that the low-cost carrier is finally facing up to the painful steps needed to ensure its survival. But its board faces…
