Toys ‘R’ Us Is Exploring Options for Its $2 Billion Asia Business
From: Bloomberg | 19/10/2017
Toys “R” Us Inc., the retailer that filed for bankruptcy in North America, has been exploring options for its growing Asian business, including a potential initial public offering, people with knowledge of the matter said.
The U.S. chain and its local joint venture partner, the billionaire Fung brothers, have been speaking with investment banks to study the feasibility of listing the
19/OCT/2017 - From Seattle Time
Sex-shop chain Peekay files for Chapter 11
After flirting with a public stock offering and trying to catch the eye of many potential buyers, the 46-store “sexual wellness” retailer Peekay Boutiques of Auburn has filed for Chapter 11 protection to clear the way for a sale. The chain, founded in 1982 by Phyliss Heppenstall as a family business, has been...
19/OCT/2017 - From Courant
Bronin Resists Offer to Refinance Debt as City Considers Bankruptcy
spite an offer Monday from Hartford’s largest bond insurer to delay payments on outstanding debt, Mayor Luke Bronin said he would resist any plan that financially burdens the city for decades to come. Assured Guaranty has suggested Bronin refinance Hartford’s debt in a bid to avoid bankruptcy. The company, which insures $311 million in city bonds...
19/OCT/2017 - From Reuters
Oaktree CEO sees room to invest ‘more aggressively’ in stressed China, India debt
HONG KONG, Sept 25 (Reuters) – Oaktree Capital Group LLC sees opportunities to invest “more aggressively” in Chinese and Indian distressed debt as the legal and regulatory systems of the countries develop, Chief Executive Jay Wintrob said on Monday. “These are countries where the legal system, the bankruptcy code, the sanctimony of the rule of law are...
19/OCT/2017 - From Irish News
FCA refuses to publish report into RBS restructuring
Britain’s financial watchdog has refused to publish a leaked report into the scandal at Royal Bank of Scotland’s controversial restructuring unit, despite demands for its release by an influential committee of MPs. Financial Conduct Authority (FCA) chief executive Andrew Bailey pushed back after receiving a letter last week from Tory MP...
19/OCT/2017 - From Reuters
Bankruptcy judge lets disputed release in rue21 Ch. 11 plan stand
Teen fashion retailer rue21 inc was cleared to exit bankruptcy buoyed by a court ruling that knocked down an attempt by unsecured creditors to preserve claims against the company’s private equity owner. Judge Gregory Taddonio of the Bankruptcy Court in Pittsburgh took rue21’s official committee of unsecured creditors to task on Friday for backing...
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