World Footwear

Restructuring

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

JCPenney to close 152 stores and cut 1 000 jobs

Jul 16, 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

T.M. Lewin to close all UK stores

Jul 6, 2020 / United Kingdom
Britain-based menswear brand T.M. Lewin will close all its stores permanently. The brand will remain on the online sphere, its restructurer said on Tuesday

Macy’s announces restructuring plan

Jun 25, 2020 / United States
The New York-based retailer announced it will eliminate approximately 3 900 corporate and management roles. With the actions announced Macy's anticipated to create approximately 630 million US dollars per year in savings

JCPenney to close 242 locations

May 27, 2020 / United States
According to a filing with the Securities and Exchanges Commission, retailer J.C. Penney, which recently filed for bankruptcy protection, plans to close more than 200 locations

Aldo asks for creditors' protection

May 11, 2020 / Canada
The Canada-based group, created in 1972, requested a creditors' agreement at the Quebec Superior Court. The same procedure was initiated in the United States and Switzerland might follow

South Africa-based Edcon struggles amid Covid-19

Mar 31, 2020 / South Africa
The clothing, footwear and textiles retailer said it won’t be able to pay suppliers and may not be able to re-open at the end of the 3-week national shutdown to fight the coronavirus spread

Bardot to have major restructure

Jan 22, 2020 / Australia
The brand, which went into voluntary administration in November, will close 58 stores over the next two months. 530 employees expected to be impacted

Clarks calls in McKinsey to conduct business review

Dec 2, 2019 / United Kingdom
British footwear retailer Clarks has called in consultants from McKinsey & Co to conduct a review of the business and assess its options amid difficult trading

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

5 offers for Roberto Cavalli

Jun 18, 2019 / Italy
Five potential investors presented proposals for the Italian fashion brand Roberto Cavalli. The identity of the candidates was not revealed

JCPenney to close stores in 2019

Apr 8, 2019 / United States
The American department store chain announced plans to close 27 stores this year. The closures include 18 full-time department stores and 9 home and furniture shops

Rockport seeking approval of sale to Charlesbank

Jul 10, 2018 / United States
The company which filed for bankruptcy back in May, announced that, after completing a court-approved marketing process, it intends to complete the previously announced asset purchase agreement with CB Marathon Opco LLC, an affiliate of Charlesbank Capital Partners LLC

Aerosoles files Chapter 11

Sep 15, 2017 / United States
The company will implement an operational and financial restructuring plan with the aim to revitalize the brand and focusing on growing ecommerce
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