As retailers pursue swift restructuring plans to start anew, they face the safety risks of doing so during a public health crisis.
The bankrupt retailer’s landlords objected to the notion of deferring rent payments for 60 days, citing reopenings in a number of states.
The retailer’s advisers said at a remote bankruptcy hearing Saturday that the retailer was here to stay and needed to quickly restructure.
The COVID-19 era’s retail bankruptcies will highlight the power struggles between debtor-in-possession financing lenders and trade vendors.
The bankrupt luxury retailer also braced itself for opposition related to its handling of online retailer Mytheresa.
As the troubled retailer reopens stores and reportedly heads toward bankruptcy, it has sparked a dispute about the Sephora locations within.
Legal advisers for troubled retailers see an uncertain Chapter 11 process pitting creditors against each other in a tough contest.
The Pier 1 and True Religion bankruptcies show retailers and landlords struggling to find balance during the pandemic.
The lingerie retailer says the private equity firm needs to pay up.
The uncertainty around the Victoria’s Secret deal means companies will seek tighter contract language to factor in the pandemic.