bankruptcy Archives - Page 2 of 3 - Rockland County Business Journal

J. Crew Files Chapter 11 Bankruptcy; Pandemic’s First Retail Casualty

May 4, 2020May 6, 2020rcbizjournal

J.Crew is the first company to file for bankruptcy during the COVID-19 pandemic and analysts expect the list will grow longer.

Pyramid Group, Owner Of Palisades Center, Eyes Last Minute Solutions To Avoid Mortgage Default

April 26, 2020May 19, 2020rcbizjournal

Bankruptcy is looking like a probable outcome for The Pyramid Group but Hail-Mary negotiations have been underway through the weekend to keep the mall developer from the bankruptcy court, according to a source close with knowledge of the dire situation.

Buyer Of HNA Palisades Center Misses Court Deadline For Purchase

November 17, 2019December 3, 2019rcbizjournal

ZVG@Palisades LLC, an entity affiliated with Vasco Ventures, did not meet its Nov. 12th deadline to purchase the HNA Training Center in Palisades.

Destination Maternity Files For Bankruptcy; Plans Store Closings

October 24, 2019November 4, 2019rcbizjournal

Destination Maternity, which owns its namesake brand and the Motherhood Maternity chain, is closing more than 180 of its stores as part of its Chapter 11 bankruptcy protection case, according to court documents.

Vasco Ventures Offered 60 Days To Close On HNA Center

October 22, 2019October 29, 2019rcbizjournal

The Brooklyn group under contract to purchase the HNA Training Center in Palisades from the Chinese-owned property has been given more time to close on a deal that stalled last month

Mall Vacancies Rising; Several Retailers With Rockland Locations Could Go Bankrupt

October 3, 2019October 11, 2019rcbizjournal

The statistics are alarming and the writing is on the wall for some retailers with Rockland locations that have been cornered by debt, obsolescence, and declining mall traffic.

Peter Kelly Files Bankruptcy For Restaurants, Self

September 25, 2019October 10, 2019rcbizjournal

Restaurateur Peter X. Kelly has filed three bankruptcy cases seeking reorganization for his restaurants and for himself.

Brooklyn Group Buying HNA Center Defaults: Requests 60 More Days To Close

September 13, 2019September 24, 2019rcbizjournal

The Brooklyn group that is under contract to purchase the HNA Training Center in Palisades from the Chinese-owned property, has defaulted on its contract and is seeking relief in the bankruptcy court to buy itself 60 additional days to find the funds to close.

Forever 21 Explores Options As Retail Sales Decline

June 4, 2019rcbizjournal

Forever 21 is exploring restructuring options to shore up its liquidity as the fast-fashion giant struggles with its business. The company is in talks with private equity firm Apollo Global Management about raising debtor-in-possession funds to provide financing should it file for bankruptcy. The talks come as the apparel industry continues to struggle amid sweeping changes, […]

Retail’s Darwinian Landscape Narrowing The Field; Trump’s Tariff’s Not Helping

May 16, 2019rcbizjournal

Some 17% retailers covered by S&P Global remain financially vulnerable, according to a report this week from the ratings agency. Big boxes and chain restaurants make up the most significant portion of the distressed companies.

Tag: bankruptcy