Department store chain Belk to file for Chapter 11 bankruptcy, private equity firm Sycamore to retain control
From: Cnbc | 02/02/2021
The department store chain Belk announced Tuesday afternoon it plans to file for Chapter 11 bankruptcy protection, marking the latest mall-based retailer to do so as its sales have dwindled and challenges have accelerated during the Covid pandemic
02/FEB/2021 - From Long Beach Post
Queen Mary operator files for Chapter 11 bankruptcy
The entity that operates the Queen Mary in Long Beach filed for Chapter 11 bankruptcy this week, throwing the ship’s fate into limbo yet again after several other operators met similar financial troubles over the past five decades.
02/FEB/2021 - From Los Angeles Time
National Rifle Assn. files for Chapter 11 bankruptcy
The National Rifle Assn. of America filed for Chapter 11 bankruptcy on Friday with plans to regroup in Texas, citing opposition in New York. The NRA intends to restructure and reincorporate, according to a statement on its website. The gun rights group said the filing will help it “exit what it believes is a corrupt political and regulatory environment in New York,” the statement said.
02/FEB/2021 - From Economic Times
Insolvency and Bankruptcy Code resolution timeline averages 440 days
MUMBAI: With the insolvency law entering the fifth year, a leading resolution agency has emphasised the need for focusing on efficiency to ensure time-bound resolution as it averaged 440 days for resolving 277 cases approved by the NCLT as on September 2020.
02/FEB/2021 - From Quartz
The self care boom isn’t enough to save L’Occitane’s US operations from bankruptcy
The American division of L’Occitane International SA, a French maker of beauty products, has filed for bankruptcy due to $15 million in unpaid rent and “burdensome” lease obligations where sales have fallen due to the pandemic.
São Paulo - SP
T: +55 11 3805-3321
Pres. Juscelino Kubitschek Av., #1545
7th floor I Vila Nova Conceição
Zip Code 04543-011
2021 EXM Partners. All rights reserved.