World Footwear

Bankruptcy

G-III enters the race to buy Arcadia

Jan 18, 2021 / United Kingdom
The New York-based group G-III Apparel is said to have entered the race to acquire Arcadia and to be among the top four candidates (Next, Boohoo and American-based Authentic Brands). However, G-III has not yet publicly confirmed

Arcadia’s Evans brand acquired by Australia’s City Chic for 23 million British pounds

Dec 21, 2020 / United Kingdom
The agreement includes the acquisition of the Evans brand, the eCommerce and wholesale businesses for 23.1 million British pounds in cash by City Chic. This deal, excludes the brick and mortar stores and follows Arcadia entering into administration a few weeks ago

JCPenney’s Retail and Operating Assets to exit Chapter 11

Dec 11, 2020 / United States
The US Bankruptcy Court for the Southern District of Texas has confirmed the Company’s Plan of Reorganization to create separate property holding companies

Bonmarché collapses into administration

Dec 3, 2020 / United Kingdom
The retailer based in West Yorkshire has collapsed into administration for the second time in a year. 1 500 jobs are at risk

Arcadia Group files for bankruptcy

Dec 2, 2020 / United Kingdom
More than 13 000 jobs are at risk in what is so far the biggest UK collapse in the COVID-19 era. The owner of Topshop, Topman, Miss Selfridge, Dorothy Perkins, Evans and Burton appointed administrators from Deloitte on Monday

Debenhams on the verge of closing

Dec 2, 2020 / United Kingdom
The UK-based store chain is reportedly set to close after the latest efforts to rescue it have failed. Rough trading conditions during the pandemic were the final hit for both Debenhams and Arcadia

Former André stores to be auctioned

Oct 7, 2020 / France
Shoe Intelligence is reporting that 25 former André stores to be auctioned

Simon Property and Brookfield are rescuing JCPenney

Sep 24, 2020 / United States
Mall owners Simon Property and Brookfield Property Partners have entered in an agreement in principle to acquire JC Penney. The American department store chain filed for bankruptcy protection earlier in the year

Payless plans its comeback

Aug 31, 2020 / United States
The US-based discount footwear chain Payless is planning to open between 300 to 500 standalone stores over the next five years. This follows the company turning up from bankruptcy protection in January after closing all its 2 100 stores in the US

JCPenney to close 152 stores and cut 1 000 jobs

Jul 17, 2020 / United States
The US-based retailer is becoming a smaller operator as it goes through a bankruptcy restructuring. JCPenney plans to lay off about 1 000 employees as it shuts down more than 150 stores

RTW Retailwinds voluntarily files Chapter 11 Bankruptcy

Jul 16, 2020 / United States
As a result, the retailer expects to close a significant portion of its brick-and-mortar stores. Company expects to fully repay approximately 12.7 million US dollars in remaining loan outstanding

Brooks Brothers files for bankruptcy

Jul 9, 2020 / United States
The two-century-old company filed for bankruptcy after taking the hit of the COVID-19 pandemic’s impact on clothing sales. Pandemic kept customers at home reducing the demand for suits and formal attire

Neiman Marcus files for bankruptcy

May 7, 2020 / United States
The luxury retailer became the first major US department store group to file for bankruptcy protection during the coronavirus pandemic

J.Crew files for bankruptcy protection

May 5, 2020 / United States
The multi-brand, multi-channel, specialty fashion retailer J. Crew became the first major US retailer to file for bankruptcy protection in the middle of the coronavirus outbreak

Forever 21 files for bankruptcy

Sep 30, 2019 / United States
The fast fashion retailer of clothing and accessories filed for Chapter 11 bankruptcy. Forever 21 plans to close most of its stores in Asia and Europe
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