chapter 11

Retail
Sycamore Negotiates To Keep Belk Out Of Chapter 11

KKR & Co., Blackstone Group Inc. and other big lenders to department store chain  are in talks with the retailer and Sycamore to avoid bankruptcy after the Chapter 11 process proved hard to manage for other retailers during the pandemic, the Journal stated, attributing the information to people in the know.

Retail
J.C. Penney Exits Chapter 11

J.C. Penney has exited Chapter 11, completing its previously announced sale, under which Simon Property Group and Brookfield Asset Management have acquired substantially all of its retail and operating assets.

Tabletop
Libbey Emerges From Chapter 11

Libbey Inc. has completed its financial restructuring and emerged from Chapter 11 as a new private company, Libbey Glass LLC, formed and controlled by Libbey Inc.’s former lenders. The company said it will remain under the same leadership.

Retail
Century 21 Stores Going Out Of Business

Century 21 Stores has filed for Chapter 11 and plans to commence a wind down of its off-price retail operations and going out of business sales at its 13 stores across New York, New Jersey, Pennsylvania, and Florida after serving customers for nearly 60 years.

Retail
Lord & Taylor To Liquidate All Stores

After filing for Chapter 11 bankruptcy protection and unable to find a buyer, Le Tote, Inc. and Lord & Taylor will now conduct going out of business sales at all 38 stores and on the retail brand’s website.

Retail
Lord & Taylor Slates Five More Store Closures

Le Tote, Inc. and Lord & Taylor, which recently filed for Chapter 11, said they continue to review offers for a sale of the company and its brands. Meanwhile, the company added five more Lord & Taylor stores to the list of stores that are now participating in the store closing sale process led by a joint venture of Hilco Merchant Resources and Gordon Brothers.

Tabletop
Libbey Updates Reorganization Plan

As Libbey continues to navigate its recent bankruptcy filing, it has filed an amended plan of reorganization and a related disclosure statement in the U.S. Bankruptcy Court for the District of Delaware.

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