Financial News

Troubled Ted Baker Brand Begins Store Closing Sales in North America

Ted Baker Canada, which controls business operations for Ted Baker in Canada, Ted Baker Ltd. in the U.S., and Brooks Brothers and…

Furniture Retailer Moves to 100% Employee Ownership Model

Room & Board has transitioned to a 100% Employee Stock Ownership Plan (ESOP), giving its 1,100 employees a financial stake in the…

Big Lots Boosts Liquidity with $200 Million Loan Facility

Beleaguered retailer Big Lots has increased its borrowing capacity by up to $200 million with a new “first in, last out” term…

The Children’s Place Receives $90 Million Loan from Majority Shareholder

The Children’s Place will get a $90 million unsecured and subordinated loan from Mithaq Capital SPC, a Saudi Arabia-based venture capital firm…

Nordstrom Considers Going Private — Again

Erik and Pete Nordstrom, the CEO and President, respectively, of Nordstrom, want to explore a transaction that would take the company private….

Non-Alcoholic Brand Boisson Files for Bankruptcy Protection, Closes all Stores

Boisson has filed for Chapter 11 bankruptcy protection and shuttered its eight brick-and-mortar stores, according to multiple media reports and a LinkedIn…

Mall Operator PREIT Exits Bankruptcy, Goes Private and Replaces CEO

PREIT Realty has emerged from bankruptcy in an expedited process, reducing its total debt by approximately $835 million, extending its maturity runway…

Joann Enters Structured Bankruptcy; Stores and Site to Remain Operational

As it seeks to find firmer footing, Joann has entered a Transaction Support Agreement (TSA) with a majority of its financial stakeholders…

Ulta Beauty Plans 2025 Expansion to Mexico

Ulta Beauty, which posted strong financial results for 2023, will move into Mexico next year as part of a joint venture with…

Following Tough 2023, Allbirds Plans to Close 10-15 U.S. Stores This Year

Allbirds will close 10 to 15 underperforming U.S. stores in 2024 as it seeks to streamline its operations. The footwear retailer, which…

UPDATE: Body Shop Closes U.S. Stores Following Bankruptcy Filing

[Update as of 3/12/2024] The Body Shop has closed all its U.S. stores after filing for Chapter 7 liquidation, according to multiple…

Warby Parker Boosts Revenue 12% in 2023, Plans 40 New Stores this Year

In only its second full year as a public company, Warby Parker generated net revenue of $71.7 million in 2023, 12% higher…

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