News
iHeartRadio costs jump in latest quarter, adding to suspicion its days are numbered
Market Watch | May 7, 2017 | By Ciara Linnane – iHeartMedia is struggling to bring down the costs of its massive $20 billion debt burden as revenues continue to fall. Read the Full Report
Apollo Gains on Wall Street With Westinghouse Bankruptcy Loan
Bloomberg Markets | April 4, 2017 | By Eliza Ronalds-Hannon & Tiffany Kary – Apollo Global Management LLC’s deal to finance Westinghouse Electric Co. in bankruptcy solidified the private equity firm’s place in a hotly contested corner of the loan market, a …
BCBG Max Azria is Closing Stores, Selling Assets
Bloomberg | March 28, 2017 | By Nico Grant – BCBG Max Azria Group Inc. got bankruptcy court approval to close stores and plan an asset sale as it slims down in a straitened retail environment. Read the Full Report
GameStop Closes 150 Stores as it Shifts Business Focus
USA Today | March 24, 2017 | By Brett Molina – This year, GameStop says it will open 65 new Technology Brand stores and 35 Collectibles stores, and will close between 2% to 3% of its GameStop stores, which amounts to at …
Sports Retailer, Gander Mountain, Falls Victom to Online Competition
USA Today | March 13, 2017 | By Charisse Jones – Outdoor goods company Gander Mountain is the latest retailer to falter under competition from online sellers, announcing that it has filed for bankruptcy protection and will close dozens of stores. Read the …
Retail real-estate defaults expected to rise around H2 2017 as store closings accelerate.
Capital Structure | March 9, 2017 | By Lisa Allen – U.S. store closings are growing exponentially, between retailers’ efforts to shrink their footprints and a growing list of bankruptcies. . Read the Full Report
Midwest sports retail chain, MC Sports, files for bankruptcy
USA Today | March 7, 2017 | By Nathan Bomey – The sports retail industry’s transition to online selling has claimed another victim with the bankruptcy filing of Midwest chain MC Sports. Read the Full Report
Morgan Stanley Steps Down as Payless 1L Agent Amid Restructuring Talks
Capital Structure | March 2, 2017 | By Lisa Allen – Cortland Capital Market Services replaced Morgan Stanley as the agent for Payless’s first-lien lenders, while Morgan Stanley maintains its role as the agent on the company’s second-lien debt, said a source …
Following J. Crew and Claire’s IP moves, sources point to Gymboree, Nine West and True Religion as retailers to watch on the IP front.
PacerMonitor | January 27, 2017 | By Lisa Allen – J. Crew and Claire’s Stores rock their lenders by moving IP to unrestricted subsidiaries, and sources expect more such companies to follow suit. Read the Full Report »
Charney Has 'Mild Interest' in American Apparel, Which Goes on the Block
The Street | August 18, 2016 | By Lisa Allen Lisa Allen – The Deal, a Street sister publication, confirms that the once-bankrupt retailer has hired Houlihan Lokey, and the company’s controversial founder said he would “keep an open mind” …
Firms Seek Targeted Growth to Capture Restructuring Work
WSJ | August 2, 2016 | By Jacqueline Palank – Law and other restructuring-focused firms want top talent as businesses reorganize. Read the Full Report »
Sports Authority to close all remaining stores
CNN Money | May 18, 2016 | By Chris Isidore – Sports Authority, once the nation’s largest sporting goods retailer, will close its remaining stores after failing to find a buyer for them. Read the Full Report »
Larry Perkins speaks on Sports Authority bankruptcy
CNN Money | May 2, 2016 | By Chris Isidore – Sports Authority, the struggling chain which filed for bankruptcy in March, is weighing a sale of its assets that could be end up closing most if not all of …
Not sure Sports Authority has reason to exist - Larry Perkins
Reuters | March 2, 2016 – Larry Perkins of SierraConstellation Partners talks about the bankruptcy of Sports Authority, and how rivals took down this once industry leader. Bobbi Rebell reports.
Sports Authority faces possible bankruptcy
CNN Money | February 9, 2016 | By Chris Isidore – The sporting goods retailer missed a $20 million debt payment a month ago, and could be days away from a bankruptcy filing. Read the Full Report »
Bankruptcy Provides Window Into Law Firm Billing Practices
The Wall Street Journal | February 8, 2016 | By Jacqueline Palank – Companies seeking the fresh start of bankruptcy aren’t the only ones that have to contend with the transparency that is at the heart of chapter 11. Read …
As RadioShack Bankruptcy Looms, Salus Again Wants Big Role
The Wall Street Journal | January 15, 2015 | By Matt Jarzemsky – Lender Salus Capital Partners has proven willing and able to put up additional capital to fund its debtors’ bankruptcies. Read the Full Report »
RadioShack: What's working, what's not
CNBC | September 12, 2014 – A close look at RadioShack’s business, what realistically can save the retailer, with Larry Perkins, SierraConstellation Partners CEO.
RadioShack reports loss, warns it's running out of cash
USA Today | September 11, 2014 | By Bruce Horovitz – RadioShack warned Thursday that it might be running out of cash and could have to seek bankruptcy-court protection from creditors if it can’t raise funds to meet its expected …
RadioShack Bankruptcy Filing Could Be Near
The New York Times | September 11, 2014 | By William Alden – RadioShack, the struggling electronics retailer that is quickly running out of cash, said on Thursday that it might have to file for bankruptcy protection, or even liquidate, …
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