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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. The retailer said in a filing last week that it might have to file for Chapter 11 if it could not reach a deal with creditors.

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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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Simon Property Group Hits Gap With Lawsuit To Recoup Back Rent

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All eyes in the retail sector are now on Simon Property Group , as the mall giant hauls The Gap into court for failing to pay rent amid the coronavirus shutdown. However, The Gap, like many other retailers, has seen its revenue fall off a cliff since March, when the clothing retailer was forced to shutter stores across the country.

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Misfits Market Founder On Rescued Produce As A Subscription

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Misfits Market , for instance, grew out of Founder Abhi Ramesh’s trip to an orchard in Eastern Pennsylvania. Seeing all of that wasted produce inspired Ramesh to start Misfits Market, with the goal of providing affordable fresh produce to customers on the East Coast. The Subscription Model.

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Jeans Maker True Religion Files For Chapter 11 Bankruptcy

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The court filing took place in Delaware on Monday, April 13. And the coronavirus pandemic has hit clothing retailers particularly hard, given the lack of need for new clothing while everyone stays inside to follow social distancing measures and avoid going out for any non-essential needs.

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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 Eyes US Expansion

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housing market during the last recession. Since then, it launched an online lender in Delaware, which collects term deposits to fund its large U.S. billion of deposits to its Delaware operation. billion of deposits to its Delaware operation. In addition, sources say that Barclays is putting more capital behind its U.S.

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