The parent company of Lane Bryant, Ann Taylor, LOFT, Justice, Catherines, and Lou & Grey — ascena retail group, inc. — is the latest retailer to take a fall from the COVID-19 pandemic and file for Chapter 11 bankruptcy protection.
We define a business bankruptcy as an insolvency proceeding in which a business debtor’s assets are liquidated.
The year of the coronavirus has taken its toll on the real estate industry in ways that often seem unimaginable.
A bankruptcy court in Richmond, Va., has approved a deal giving new life to Lane Bryant that has a store in Harlem and several other apparel brands.
Vitamin and dietary supplement company GNC has filed for bankruptcy. GNC cited, among other reasons, the financial toll of the COVID-19 pandemic.
Fairway will begin selling off its grocery stores after declaring bankruptcy Thursday, court records show.
With a store in Harlem, it was surprising that Fairway Market has denied reports that it would declare bankruptcy and close its grocery stores.
NY Crains reports that with a location at 282 St Nicholas Avenue in Harlem, Nine West Holdings Inc., filed for bankruptcy protection with a plan to sell some assets and reorganize others, after too much debt felled the shoe and clothing company controlled by Sycamore Partners.
Ari Shalam’s RWN Real Estate Partners emerged as the top bidder in a bankruptcy auction to buy Hans Futterman’s distressed development site in Harlem.
Developer Hans Futterman’s vacant Harlem site at 300 West 122nd Street, which fell into foreclosure last year, has hit another snag said source.
With a Fairway in West Harlem, Harlemites are very interested in updates regarding the store. .Struggling grocer Fairway Group Holdings Corp. has reached a tentative deal with creditors to restructure its debt in bankruptcy, according to people familiar with the matter.
Business of Fashion reports that American Apparel Inc., the Los Angeles-based seller of t-shirts and underwear, with two locations in Harlem, filed for bankruptcy protection as it reorganizes its debt.
Harlem Family Dental Plaza, 1916 Third Avenue in East Harlem, New York has filed for Chapter 7 bankruptcy on Aug. 18.
The Wall Street Journal reports that companies affiliated with Harlem mainstay Carol’s Daughter filed for Chapter 11 bankruptcy protection Thursday in connection with the beauty brand’s move to close most of its stores.
With two stores in Harlem the New Jersey-based plus-sized fashion retailer Ashley Stewart filed a voluntary petition under Chapter 11 on Monday in Newark that will allow the company to file for bankruptcy and restructure its financials.