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Jeans Maker True Religion Files For Chapter 11 Bankruptcy

PYMNTS

The court filing took place in Delaware on Monday, April 13. True Religion was acquired for $824 million in 2013 by London-based capital investment firm TowerBrook Investment Partners, and ended up filing for bankruptcy in 2017. True Religion tried to capitalize on that with its own brand of workout pants.

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Barclays Eyes US Expansion

PYMNTS

In addition, sources say that Barclays is putting more capital behind its U.S. credit card operations. Since then, it launched an online lender in Delaware, which collects term deposits to fund its large U.S. accounted for 40 percent of the bank’s profits, and around a fifth of the bank’s capital is allocated to the country.

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Chapter 11 Watch: Hanjin’s Latest Lifeline, Caesars Raises The Stakes And E-Cigarette Troubles

PYMNTS

Korean Air’s board of directors approved a 60 billion won ($54 million) loan to Hanjin in an effort to help it continue daily operations. NJOY, one of the largest makers of e-cigarettes, filed for bankruptcy protection in Delaware federal court on Sept. and is saddled with $5.37 billion in debt. 22) after the news.

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LVMH, Tiffany Engage In Luxurious War Of Words

PYMNTS

In the balance lies the future of one of retail’s truly iconic luxury brands. The suit, filed Monday in Delaware , says that LVMH “continues to have full confidence in its position that the conditions necessary to close the acquisition of Tiffany have not been met.”. The two sides go to trial in January in Delaware.

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11 New Restaurant Concepts Reimagining Fast Food & Casual Dining

CB Insights

In the past decade, restaurant and bar purchases have grown at twice the rate of general retail spending. But with commercial rents continuing to rise in most urban areas, it’s been a challenge both for small businesses and national retailers to find affordable space. That’s not a new development. Automatic food: Cafe X.

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Banking Is Only The Beginning: 30 Big Industries Blockchain Could Transform

CB Insights

Ultimately, the use cases for a transparent, verifiable register of transaction data are practically endless — especially since blockchain operates through a decentralized platform requiring no central supervision, while still remaining resistant to fraud. Payments and money transfers. Ride sharing.