Chapter 11 news and archive

Barneys New York, a symbol of success in simpler times

For many of us Barneys New York is more than the Manhattan mecca of minimalist cool whose fortunes are currently being ruthlessly chronicled in the Wall Street Journal or Financial Times. While these hungry pundits banter over whether the company can be saved by Tuesday’s bankruptcy filing, the sufficiency of the 218 million dollar investment,...

Business|UPDATE Featured

Iconic US department store Barneys officially files for bankruptcy

New York-based department store Barneys has filed for Chapter 11 bankruptcy protection after weeks of speculation. It has entered into an agreement with Gordon Brothers and Hilco Global, whose affiliates have provided it with 75 million dollars of new capital to stay afloat during the proceedings. As part of the restructuring, Barneys announced...

Fashion Featured

Timeline: The American Apparel saga continues with whispers of a sale

American Apparel has found itself under the spotlight once more, as news emerges that its new owners and former creditors have hired investment bank Houlihan Lokey to investigate options for a sale. A potential sale would come six months after the LA-based retailer exited its Chapter 11 Bankruptcy and kicked started its restructuring scheme,...

BusinessFeatured

The 'big loser' of American Apparel's filing for Chapter 11 is Dov Charney

London - American Apparel has found its way into the media spotlight once more as news broke the troubled fashion retailer filed for bankruptcy protection on Monday. The fashion company, which filed for Chapter 11 in the US Bankruptcy Court in Delaware this morning, aims to reorganise its debt - a move set to hit the company's ousted founder,...