Stories Tagged as
Bankruptcy
Ex-CEO bids more than $5 billion to keep Sears open
Jan 16, 2019
Most of the bankrupt retailer's creditors want it liquidated, but not former CEO Eddie Lampert.
A Hail Mary bid to save Sears
Dec 7, 2018
The chairman of the storied retailer has proposed a $4.6 billion bid to save what's left of the 130-year-old chain.
How Toys R Us workers got the retailer's private equity owners to pay severance
Nov 23, 2018
The private equity firms Bain and KKR announced this week that they will contribute $20 million to a compensation fund for former employees of Toys R Us. The retailer filed for Chapter 11 bankruptcy in September 2017, laying off tens of thousands of workers without severance packages. And for months, those former employees have been […]
Online mattress startups are disrupting the market
by
Erika Beras
Oct 5, 2018
The industry is crowded with internet competition, forcing one retailer into Chapter 11 bankruptcy.
For public good, not for profit.
A view from the center of the Lehman Brothers collapse
Sep 14, 2018
Tom Russo, former general counsel at Lehman Brothers and AIG, talked to us about how the fall of Lehman Brothers could have been stopped.
Brookstone saves airport-based stores from the chopping block. Here’s why.
by
Reema Khrais
Aug 2, 2018
Brookstone, the specialty retailer that sells eye masks, massage chairs and other gadgets, filed for bankruptcy protection for the second time Thursday. The company says it’s going to shut down its roughly 100 mall-based stores. They’ve become less of an attraction as more shopping moves online. The company’s 35 airport-based stores are doing much better. […]
How companies like Toys R Us get approval to pay executive bonuses during bankruptcy
Apr 10, 2018
Payments, once justified as a way to retain leaders during the crisis, are now tied to performance metrics.