PLMA0722-leaderboard

bankruptcy

Revlon files for Chapter 11 bankruptcy

Revlon files for Chapter 11 bankruptcy

NEW YORK — Revlon announced that it and certain of its subsidiaries have filed voluntary petitions for reorganization under Chapter 11 in the U.S. Bankruptcy Court for the Southern District of New York. The Chapter 11 filing will allow Revlon to strategically reorganize its legacy capital structure and improve its long-term outlook, especially amid liquidity

Mall owners buy J.C. Penney’s retail business

Mall owners buy J.C. Penney’s retail business

CORPUS CHRISTI, Texas – Two of the nation’s largest mall owners have agreed to acquire J.C. Penney’s retail business, a deal that would allow the retailer to avoid liquidation and keep stores open and some 70,000 employees on the job heading into the holidays. When it filed for bankruptcy protection, in May, Penney had 850

Shopko files for Chapter 11 bankruptcy

Shopko files for Chapter 11 bankruptcy

GREEN BAY, Wis. — Shopko Stores Operating Co. filed for Chapter 11 bankruptcy protection on Wednesday. The retailer said it would also be closing 38 stores as part of a reorganization process that was prompted by “excess debt and ongoing competitive pressures.” Shopko said it will also be moving more than 20 of its in-store