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Bon-Ton Is The Next Retailer To File For Bankruptcy

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The retailer said it voluntarily filed for Chapter 11 bankruptcy protection in Delaware and is exploring a sale, Fortune reported. Before the announcement, Bon-Ton announced it would shutter 40 out of its 260 brick-and-mortar stores across its various brands.

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Jeans Maker True Religion Files For Chapter 11 Bankruptcy

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Premium jeans brand True Religion has filed for bankruptcy for the second time in three years, according to court filings. The court filing took place in Delaware on Monday, April 13. Due to the pandemic forcing stores to close, around a million employees of various brands and retailers have been furloughed.

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Garment Factories Reeling As Importers Stop Orders Among Weak Sales

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The coronavirus pandemic has caused a rift in the relationship between apparel manufacturers and retailers, resulting in lost profits and canceled payments as the economy slogs through the mud, according to The Wall Street Journal. In Bangladesh, jeans maker Denim Expert Ltd.

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LVMH Eyes Ways To Change $16.2B Tiffany & Co Purchase

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social unrest have had on the retail vertical, Reuters reported. jewelry market. Reuters sources said Tiffany stated LVMH doesn’t have ground to go back on its word, and if the company contests LVMH ‘s attempts to renegotiate, the deal could end up going to court in Delaware.

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Barclays US Taps Ex-Capital One Exec To Lead Cards And Payments Business

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Holdaway will be based in Wilmington, Delaware, and will start his new position in July. into the future as we continue to leverage our global capabilities and deepen our presence in the market.” He will report to Barry Rodrigues, CEO of cards and payments, and Richard Haworth, CEO of the Americas business. and Germany. .”

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Lidl’s Tactical Retreat In The US

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Small but mighty, German discount grocer Lidl — a brand known for not only its low prices, but also its innovative store layouts and private labels, including clothing — has already gobbled up 3 percent of local market share since the chain came to Winston-Salem, North Carolina, in June 2017. jobs in the next year.

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LVMH, Tiffany Engage In Luxurious War Of Words

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The two ultra-high-end brands were supposed to be part of the same happy family after LVMH agreed to buy Tiffany earlier this summer, but the deal has dissolved into courtroom battles and public recriminations. In the balance lies the future of one of retail’s truly iconic luxury brands. LVMH said Tuesday (Sept.

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