Skip to main content

Mergers & Acquisitions

  • Iconic New York grocer files for bankrutpcy

    In a not unexpected move, Fairway Group Holding Corp., operator of the Fairway Market supermarket chain, filed for Chapter 11 bankruptcy protection.
       
    The company filed a “prepackaged” bankruptcy restructuring under which its lenders agreed to exchange existing debt for new equity and debt in a reorganized company. Supporting lenders agreed to vote in favor of the plan and exchange their loans for common equity and $84 million of debt of the reorganized company.

  • Aeropostale files Chapter 11; store closings include exit from Canada

    In a move rumored for weeks, Aéropostale on Wednesday filed for Chapter 11 bankruptcy protection.

    The struggling teen apparel retailer said it would close 113 stores in the United States and all 41 of its stores in Canada. Store closing sales in the United States will begin this weekend (May 7-8), and in Canada during the week of May 9.

  • Report: Teen retailer on brink of Chapter 11

    Aeropostale will reportedly file for bankruptcy protection this week and subsequently close more than 100 of its 800 stores, according to The Wall Street Journal.

    The struggling teen apparel retailer plans to reorganize under a Chapter 11 filing this week ahead of May rent payments, the report said. On Aeropostale has been struggling for some time. The chain has recorded three consecutive years of losses as its struggles to deal with a teen audience whose spending tastes now favor fast-fashion giants such as H&M as well as online retailers.

  • Another retailer to explore strategic alternatives

    Build-A-Bear Workshop on Tuesday said it has hired financial and legal advisers to help it explore strategic alternatives. The news came the day after General Nutrition Corp. (GNC) said it was doing the same.

  • GNC exploring options — including sale

    GNC Holdings Inc. announced Monday it is undertaking a strategic review whose options could include a sale of the company.

    The health-and-wellness retailer said it is also considering accelerated refranchising strategies, partnerships and other collaborations, and capital structure optimization. The announcement comes on the heels of disappointing first quarter results.

  • JLL makes key hires to expand SoCal retail efforts

    Photo: Erik Westedt, left, and Scott Kaplan have joined JLL’s growing Southern California team.

  • Party City begins 80 store expansion – in Mexico

    The first Party City location has opened in Mexico and with the help of strategic franchise partner Grupo Oprimax a total of 80 locations are planned.

  • Bidding begins for Sport Chalet stores

    Prime retail real estate in Southern California and nearby states is now available after bankrupt Sport Chalet retained A&G Realty Partners to sell its assets.

X
This ad will auto-close in 10 seconds