Sears Holdings Corp Chief Executive Eddie Lampert, a major investor in the company, has proposed rescue deals to help the department store chain avoid bankruptcy as debt matures next month and it faces a cash crunch, according to a regulatory filing released on Monday.
NEW YORK Ex-employees of Lehman Brothers Holdings Inc met at Irish pubs near their former office in Midtown Manhattan on Thursday night to reminisce 10 years after the bank's collapse, in gatherings with the atmosphere of high school reunions despite marking the largest failure of the financial crisis.
NEW YORK Distressed investor Marble Ridge Capital LP said in a letter to Neiman Marcus Group Ltd LLC that the luxury department store company may be in default on its debt after it moved its Mytheresa business into an entity belonging to the retailer's private equity owners.
Sears Holdings Corp reported a smaller decline in quarterly same-store sales on Thursday, but warned again that there is doubt about the company's continued operation as it awaits approval to sell some of its businesses to its chief executive's hedge fund.
NEW YORK, Sept 5 Mark Hootnick is joining the
debt advisory and restructuring practice of PJ Solomon from
boutique Millstein & Co as a partner and managing director,
according to a PJ Solomon internal memo seen by Reuters and
confirmed by the investment bank.
NEW YORK/WILMINGTON, Del. Verity Health System of California Inc, a non-profit operator of six California hospitals managed by billionaire former surgeon Patrick Soon-Shiong's NantWorks LLC, filed for bankruptcy on Friday to help resolve a cash crunch while it seeks a buyer.
NEW YORK Papa John's International Inc has publicly criticized founder John Schnatter for attending a meeting in July about a potential deal with a competitor without its CEO, the latest salvo in a feud for control of the company.
NEW YORK Brand licensor Bluestar Alliance LLC, managing women's fashion labels including bebe and Tahari, is challenging competitor Authentic Brands Group LLC for the intellectual property of bankrupt gadget and gift retailer Brookstone Company Inc with a bid of $40 million, according to papers filed late Tuesday.