$ASNAQ News
Last published 5y ago
- 5y agoPEIASNAQMall Owner Washington Prime Is Said to Prepare Bankruptcy FilingBloombergMall owner Washington Prime Group is preparing a potential bankruptcy filing as time runs out to avert a default after it skipped an interest payment on its debt, according to people with knowledge of the plans.
- 5y agoEXPRBBBYAMCPEI+3Reddit Rally Share Sale Spotlights Dire Future Facing U.S. MallsBloombergThe Reddit traders bailed out a major mall investor. But the throngs of retail investors who pushed up the shares of nostalgia businesses, from GameStop Corp. to Tootsie Roll, can’t save malls.
- 5y agoASNAQBXLAZEVR+2Belk Department Store Chain Said to Plan Bankruptcy to Tame DebtBloombergSycamore’s Belk Inc. is nearing a deal to file for bankruptcy with plans to hand an ownership stake to lenders, according to people with knowledge of the matter.
- 5y agoASNAQBankrupt Ann Taylor, Lane Bryant Poised for Private Equity FixBloombergAscena Retail Group Inc. wound up bankrupt after cobbling together a collection of clothing retailers that racked up losses for years. Now a new owner with a history of taking on tarnished brands will try to fix them.
- 5y agoASNAQFRANFrancesca’s Plans Bankruptcy Filing as Soon as Next WeekBloombergFrancesca’s Holdings Corp. is preparing to file for bankruptcy, according to people with knowledge of the matter.
- 5y agoASNAQSycamore Eyes Purchase of Ann Taylor, Loft Out of BankruptcyBloombergSycamore Partners is finalizing a plan to buy assets of bankrupt Ascena Retail Group Inc., including the Ann Taylor and Loft brands, according to people familiar with the matter.
- 6y agoASNAQCBLMall Owner CBL Properties Files for Bankruptcy in Bid to SurviveBloombergMall owner CBL & Associates Properties Inc. filed for court protection from creditors, following some of its biggest tenants into bankruptcy after the pandemic kept consumers at home, forcing many retailers already weakened by e-commerce to quit paying rent.
- 6y agoREVSBGISMEV+1Ascena Lenders Object to Rescue Plan in Latest Creditor SpatBloombergA group of lenders to Ascena Retail Group Inc., owner of the Ann Taylor and Lane Bryant clothing chains, is objecting to the company’s plan for a rescue financing package to see it through bankruptcy, according to people with knowledge of the matter.
- 6y agoASNAQBLKSPGBrooks Brothers Bidding Narrows to Venture Backed by New Barneys OwnerBloombergBankrupt Brooks Brothers Group Inc. is on the verge of being sold to a partnership that includes the new owner of Barneys New York and one of the biggest U.S. mall operators.
- 6y agoINTCAMDMATSKX+5Stocks making the biggest moves after hours: Intel, Disney, Skechers and moreCNBCSee which stocks are posting big moves after the bell.
- 6y agoEVSPGASNAQAuthentic Brands, Sycamore Partners Weigh Bids for Ann Taylor ParentBloombergAuthentic Brands Group and Sycamore Partners are among the parties considering buying bankrupt Ann Taylor parent Ascena Retail Group Inc., according to people familiar with the matter.
- 7y agoAMZNASNAQAscena Is Exploring the Sale of Its Dressbarn Retail ChainBloombergAscena Retail Group Inc. continues to clean out its closets.
- 8y agoASNAQSouth African Mohair Industry Threatened by H&M, Inditex BanBloombergA ban on mohair by dozens of clothing retailers, including Hennes & Mauritz AB and Esprit Holdings, is threatening a 1.5 billion rand ($117 million) industry in South Africa, the world’s biggest producer of the fiber.
- 9y agoEXPRAEOANFASNAQ+1Regretting That Ann Taylor Purchase?BloombergFor retailer Ascena, acquiring the brand hasn't fixed its problems as much as it's added to them.