Sales Drop, Debt, Competition Led Container Store To Ch. 11
Stiffer competition and reduced customer spending on plastic bins, closet organizers and other items from The Container Store Group Inc. have driven a decline in revenue for the retailer, leading it to pursue bankruptcy after unsuccessful attempts to find a buyer for the business.
Meet The Attys Guiding Party City Back Through Ch. 11
A team of attorneys from Porter Hedges LLP and Paul Weiss Rifkind Wharton & Garrison LLP are representing retail chain Party City in its Chapter 11 case in the Southern District of Texas, as it plans to close its roughly 700 remaining stores and liquidate.
Bankruptcy News You May Have Missed Over The Holiday
The Fifth Circuit sided with a group of lenders left out of a so-called uptier refinancing deal with mattress seller Serta Simmons, reversing a bankruptcy court's ruling in a closely watched case on liability management transactions; Purdue Pharma secured a one-month extension as its creditors and members of the Sackler family try to reach a settlement in mediation; and retail chain Big Lots reached an eleventh-hour deal to sell some of its stores and thwart a total liquidation.
Sales Drop, Debt, Competition Led Container Store To Ch. 11
Stiffer competition and reduced customer spending on plastic bins, closet organizers and other items from The Container Store Group Inc. have driven a decline in revenue for the retailer, leading it to pursue bankruptcy after unsuccessful attempts to find a buyer for the business.
Meet The Attys Guiding Party City Back Through Ch. 11
A team of attorneys from Porter Hedges LLP and Paul Weiss Rifkind Wharton & Garrison LLP are representing retail chain Party City in its Chapter 11 case in the Southern District of Texas, as it plans to close its roughly 700 remaining stores and liquidate.
Bankruptcy News You May Have Missed Over The Holiday
The Fifth Circuit sided with a group of lenders left out of a so-called uptier refinancing deal with mattress seller Serta Simmons, reversing a bankruptcy court's ruling in a closely watched case on liability management transactions; Purdue Pharma secured a one-month extension as its creditors and members of the Sackler family try to reach a settlement in mediation; and retail chain Big Lots reached an eleventh-hour deal to sell some of its stores and thwart a total liquidation.
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