chapter 11 bankruptcy news and archive

Aeropostale's bankruptcy causes issues with shareholder

Los Angeles - After prepping for a Chapter 11 bankruptcy, it seems that Aeropostale is only headed for more turmoil. The filing is potentially opening the teen retailer up to a conflict with one of its major shareholders: Sycamore Partners. The reason that the court filing may cause problems for its shareholders is due to Sycamore Partners’...

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Aeropostale's bankruptcy causes issues with shareholder

Los Angeles - After prepping for a Chapter 11 bankruptcy, it seems that Aeropostale is only headed for more turmoil. The filing is potentially opening the teen retailer up to a conflict with one of its major shareholders: Sycamore Partners. The reason that the court filing may cause problems for its shareholders is due to Sycamore Partners’...

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ManagementFeatured

Aeropostale prepares to file for Chapter 11 bankruptcy

Teen retailer Aeropostale Inc. is officially preparing to cut its losses. The New York-based company is prepping for bankruptcy filing as early as this month. The retailer has struggled in the past years in terms of finances. According to Bloomberg, the company is going to reorganize under a Chapter 11 bankruptcy filing. After the publication...

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ManagementFeatured

Sports Chalet goes out of business

Vestis Retail Group, parent company of Sport Chalet, has officially filed for bankruptcy. This comes after following news of the business announcing that it would shutter all of its Sports Chalet operating stores. Unfortunately for the equipment and activewear retailer, the long-term struggles made this result somewhat inevitable. “This is a...

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Business

PacSun faces struggles; may file for bankruptcy

Los Angeles - Pacific Sunwear of California Inc., also known as PacSun, is headed for a new turn in their business. Up until now, the trendy, youthful retailer has maintained its company with over 600 operating retail stores. However, it has been announced that the SoCal-based company could file for Chapter 11 bankruptcy as soon as Wednesday,...

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