Tag: bankruptancy

Retail Asia28/01/2021
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3min0
L’Occitane U.S. filed Chapter 11 bankruptcy protection in New Jersey on Tuesday, seeking to close stores. The business cited declines in brick-and-mortar sales and the ongoing coronavirus pandemic as the reasons for the filing. “Like most retailers in the United States, the debtor has been impacted by the COVID-19 pandemic, which has significantly limited retail operations […]

Retail Asia11/05/2020
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6min0
High-end US department-store chain Neiman Marcus entered bankruptcy protection overnight and there are reports that rival Lord & Taylor is planning to follow. Laden down with debt, Neiman Marcus has entered Chapter 11, after receiving majority support from lenders and creditors to undergo financial restructuring, substantially reducing its debt load and interest obligations. The company […]


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