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“#MoviePass is angling to make a comeback in 2022” MoviePass, the movie ticket subscription service that shut down in 2019 after losing more than $100 million in a single quarter, is looking to rise from the dead next year. MoviePass co-founder and former CEO Stacy Spikes, who now runs PreTechnology, bought the company, and is…
“#Jessica Simpson to buy back her lifestyle brand for $65 million” It worked out for Jessica Simpson after all. The singer-turned-designer is buying her eponymous lifestyle brand out of bankruptcy for $65 million, according to court documents. Her brand had been majority-owned by Sequential Brands Group, which filed for Chapter 11 bankruptcy protection in August….
“#ABC Carpet & Home is being acquired by a Persian rug dealer” After dozens of prospective buyers kicked the tires at bankrupt ABC Carpet & Home, the iconic New York City retailer is being sold to a consortium of investors that deal in Persian rugs, The Post has learned. A Friday auction was canceled because…
“#Jessica Simpson brand owner Sequential Brands files for bankruptcy” Sequential Brands, which owns the Jessica Simpson brand and had formerly owned Martha Stewart’s brand, filed for bankruptcy protection on Tuesday. The New York-based licensing company said its “significant debt” of $435 million pushed it into Chapter 11 — an outcome that had been long rumored…
“#Boy Scouts to begin key hearing in bankruptcy case” DOVER, Del. — Attorneys for the Boys Scouts of America are asking a Delaware judge to approve an $850 million agreement that is the foundation of the group’s plan to emerge from bankruptcy. The judge was to begin a hearing Thursday on whether to approve the…
“#ABC Carpet & Home is scrambling to stave off bankruptcy: sources” Swanky furniture retailer ABC Carpet & Home is scrambling to stave off bankruptcy in the wake of the pandemic, The Post has learned. The 125-year-old outlet — known for its luxurious stash of home goods, from $375 velvet throw pillows to $12,000 silk-and-wool rugs…
“#J&J weighs putting talc liabilities into bankruptcy” Johnson & Johnson is weighing whether to spin off liabilities from the numerous lawsuits brought against it over the company’s iconic baby powder into a new business that would then seek bankruptcy protection. The plan could allow the company to pay out lower amounts for cases that don’t…
“#Apollo loses key court ruling in closely watched dispute with executives” Ex-employees of a freight company owned by Apollo Global Management won a key court ruling in a closely watched case against the private equity giant. Former executives at freight-management company Ceva Logistics have alleged in a lawsuit that Apollo bilked them out of their shares in…
“#Boy Scouts hoping to reach summer settlement with sex-abuse victims” The Boy Scouts of America said Friday it’s hoping to reach a settlement this summer with lawyers representing the bulk of the 84,000 sexual abuse victims who stepped forward to file claims against the organization. Overnight, the Boy Scouts filed a new proposal with the…
“#Hertz insiders dreaming of NYSE revenge: sources” Insiders at Hertz, which last week shocked Wall Street with its well-financed bankruptcy-exit plan, are already plotting to take revenge on the New York Stock Exchange for kicking it when it was down, On the Money has learned. The car-rental giant, which last week scored enough funding to…