Chapter 11 news and archive

Jessica Simpson to buy back her brand, after Sequential Brand Group files for bankruptcy protection

Following Sequential Brand Group’s voluntary Chapter 11 filing, it appears that Jessica Simpson might be buying the rights to her brand back after the news of the bankruptcy broke. Last week the brand management and licensing company filed for a Chapter 11 petition at the US Bankruptcy Court as a result of significant debt, declaring it will no...

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Fashion|OPINION

Barneys New York, a symbol of success in simpler times

For many of us Barneys New York is more than the Manhattan mecca of minimalist cool whose fortunes are currently being ruthlessly chronicled in the Wall Street Journal or Financial Times. While these hungry pundits banter over whether the company can be saved by Tuesday’s bankruptcy filing, the sufficiency of the 218 million dollar investment,...

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Business|UPDATE

Iconic US department store Barneys officially files for bankruptcy

New York-based department store Barneys has filed for Chapter 11 bankruptcy protection after weeks of speculation. It has entered into an agreement with Gordon Brothers and Hilco Global, whose affiliates have provided it with 75 million dollars of new capital to stay afloat during the proceedings. As part of the restructuring, Barneys announced...