$BLKIA News

Last published 5y ago

5y agoROST KSS BLKIA JWN+2Stiffed Vendors Get Tough With U.S. Retailers After Big LossesBloomberg
5y agoBLKIAU.S. Bankruptcy Tracker: Brazos Bust Spotlights Texas MenaceBloombergThe first major bankruptcy from the Texas power crisis highlights growing risk in the energy sector. It followed the busiest week for large Chapter 11 filings since October.
5y agoNMG BLKIASycamore’s Belk Files Bankruptcy to Tame Debt, Raise CashBloombergBelk Inc., the chain owned by Sycamore Partners, filed for bankruptcy Tuesday in an effort to tame debt at the struggling retailer.
5y agoBX KKR BLKIABelk Targets 24-Hour Bankruptcy With Lenders on Board for PlanBloombergBelk Inc., the department store chain owned by Sycamore Partners, will seek to complete an upcoming reorganization in bankruptcy court in a single day, according to people with knowledge of the plans.
5y agoBLKIABelk Announces Bankruptcy Plan with Sycamore Retaining ControlBloombergSycamore Partners-owned department store Belk Inc. said it will file for bankruptcy with a plan to cut its debt by $450 million.
5y agoRIG AMC MCO BLKIAU.S. Bankruptcy Tracker: Real Estate Faces ‘Existential Crisis’BloombergCheap funding costs have extended a lifeline to many troubled companies, slowing the pace of U.S. bankruptcy filings, but shops, offices and hotels have been particularly vulnerable to the pandemic this month.
5y agoASNAQ BX LAZ EVR+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 agoMCO BLKIASycamore-Backed Belk Faces Vendor Questions Over Late PaymentsBloombergSome suppliers to department store chain Belk Inc. are consulting lawyers and growing uneasy about continuing to ship to the chain after the retailer has delayed payments for months, according to people with knowledge of the matter.
6y agoSHLDQ BLKIA SPGJ.C. Penney Lenders Consider Teaming Up With Outside BiddersBloombergThe lenders steering J.C. Penney Co.’s bankruptcy are considering joining forces with an outside bidder to buy the retailer after efforts to line up an independent owner stalled.
6y agoBLKIAAurelius Renews Feud Over Sycamore’s $1 Billion Nine West PaydayBloombergDisgruntled investors, including hedge fund Aurelius Capital Management, have ignited a fresh legal battle over Nine West Holdings Inc. -- a year after the retailer exited bankruptcy with different owners, a new name and less debt.
6y agoLAZ MCO BLKIA PSS+2Stores That Stocked Up on Debt Face a Harsh Holiday ReckoningBloombergRetailers are strapping in for the final days of their traditional do-or-die holiday shopping period. For some, that could be meant literally, as creditors and vendors decide which ones are still worth supporting in a field plagued by fewer shoppers, more online competition and too much debt.
11y agoC AAPL BLKIA MSCLOs Pinched as Commodities Pain Spreads to Another Debt MarketBloombergThe commodities bust is starting to pressure the biggest buyers of loans that help finance leveraged takeovers.
12y agoC ALLY BK AAPL+8Cop’s Daughter Tuned to ESPN on Road to Becoming Bank CEOBloombergMargaret Keane often drives to work with her radio tuned to ESPN. While she doesn’t follow any team, it ensures she’s never left out of a conversation.