Two months after Staples said it was ready to move on with a new lover following the messy breakup of its engagement to Office Depot, the office supply store is once again heading to the altar, selling itself to private equity firm Sycamore Partners for $6.9 billion. [More]
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Bankruptcy Judge Approves Sale Of Aeropostale That Could Keep 229 Stores Open
By 9.13.16
It looks like the bid Aeropostale received at the end of August that could end up saving at least 229 stores and 7,000 or so jobs is one step closer to the real thing for the struggling teen retailer, after a bankruptcy judge gave the offer his approval. [More]
Aeropostale Wants To Reorganize, Main Lender Thinks That’s Adorable
By 6.8.16
In recent months, we’ve shared with you the bankruptcy saga of Sports Authority, a sporting goods chain that was deep in debt, filed for bankruptcy protection, and planned to re-emerge as a smaller and reorganized retailer, but couldn’t make it work, ultimately selling its remaining stores to liquidators. Teen clothing retailer Aeropostale seems to be headed down a similar path, with its biggest lender pressuring the chain to get ready to auction its stores instead of reorganizing. [More]
