chapter 11

Shopko To Close 250 Stores

Less than a month after filing for Chapter 11 bankruptcy protection, Shopko is expanding the number of stores it plans to close.

Court Approves Shopko First-Day Motions

Shopko said that its first-day motions to help facilitate continued operations while the company operates under Chapter 11 protection were approved by the U.S. Bankruptcy Court for the District of Nebraska. 

Shopko Files Chapter 11

Shopko has filed a Chapter 11 bankruptcy petition in the U.S. Bankruptcy Court for the District of Nebraska and announced, in concert with the legal action, that it would close 38 stores, relocate about 20 optical centers to freestanding locations, and conduct an auction process for its pharmacy business.

Gump’s Files For Bankruptcy

Gump’s Holdings and its affiliates Gump’s Corp. and Gump’s By Mail, Inc. have filed voluntary petitions on August 3 for relief under chapter 11 of the United States Bankruptcy Code in the United States Bankruptcy Court for the District of Nevada.

Investor Group Moves Closer To Acquiring Bon-Ton

The Bon-Ton Stores said it has received a signed letter of intent from an investor group composed of DW Partners, Namdar Realty Group including its partner Mason Asset Management, and Washington Prime Group to acquire the department store retailer as a going concern in a bankruptcy court-supervised sale process.

The Bon-Ton Files For Bankruptcy Protection

The Bon-Ton Stores has filed for Chapter 11 bankruptcy protection as officials with the department store engage in “constructive discussions” with potential investors and debtholders regarding a financial restructuring plan, the company said.

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