Conn’s HomePlus has filed for Chapter 11 protection with the United States Bankruptcy Court for the Southern District of Texas after revealing a store closing plan for 70 locations. However, if it is to emerge, a buyer may need to step forward. The Conn’s...
Rite Aid Corp. is closer to emerging from bankruptcy after a U.S. bankruptcy judge approved its restructuring plan, according to published reports. Rite Aid would cut debt by some $2 billion, and the company would be controlled by major creditors under the...
After declaring bankruptcy and making arrangements to go private, craft specialist Joann has appointed Michael Prendergast acting CEO and introduced a new board of directors. Prendergast, a managing director in Alvarez & Marsal’s Consumer and Retail Group, has...
Court filings with the United States Bankruptcy Court for the District of Delaware indicate 99 Cents Only debtors have settled on a stalking-horse arrangement with Ollie’s Bargain Outlet, Inc. and OBO Ventures for certain assets of the defunct dollar store operation....
Craft-centric retailer Joann announced the United States Bankruptcy Court for the District of Delaware confirmed the company’s prepackaged joint plan of reorganization, clearing the way for it to emerge from Chapter 11 status. The retailer stated it expects to...
