Penney each filed for bankruptcy earlier in the pandemic. Crew Group Inc., Neiman Marcus Group LLC and J.C. Retailers across the country have struggled with plunging revenues as Covid-19 precautions led to temporary shutdowns of physical stores and kept consumers at home. Sequential shares plunged as much as 62% to $4.59 after the filing, spurring a trading halt. That loan and the rules for the proposed auction must be approved by the judge overseeing the case. Bloombergs Alix Steel and Paul Sweeney harness the power of Bloomberg Intelligence to provide in-depth research and data on more than 2,000 companies and 130 industries. Sequential is a brand management company that acquires and then licenses brands to. The bankruptcy petition listed total assets of 442.8 million and liabilities of 435.1 million. Sequential Brands Group Inc., the long struggling owner of the Jessica Simpson brand, among others, has filed for voluntary Chapter 11 bankruptcy in the. Bankruptcy Court for the District of Delaware. ALLSTATE INSULATION CORPORATION C/O GEORGE LIONIKIS JR. announced that it had started voluntary Chapter 11 proceedings in the U.S. The company said it has arranged a $150 million loan to help fund its reorganization. ABBTECH PROFESSIONAL RESOURCES INC C/O ED SOUTHERLAND VP FINANCE. Bloomberg: Balance of Power focuses on the politics and policies being shaped by the agenda of President Bidens administration. Sequential listed debts of $435 million and assets of $443 million in court papers. Sequential Brands Group, the parent company of brands including the Jessica Simpson fashion collection and Joe’s Jeans, filed for bankruptcy protection after the apparel industry was upended by. ![]() The owner and licensor of brands such as Gaiam yoga filed its Chapter 11 petition in Wilmington, Delaware with plans to hold an auction as part of a deal with so-called Term B lenders. Sequential Brands Group, the parent company of brands including the Jessica Simpson fashion collection and Joe’s Jeans, filed for bankruptcy protection after the apparel industry was upended by changing consumer habits and the coronavirus pandemic. ![]() By Katherine Doherty and Steven Church | Bloomberg
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