#Joffrey Ballet School, ex-boss in ugly twirling legal fight

#Joffrey Ballet School, ex-boss in ugly twirling legal fight

“#Joffrey Ballet School, ex-boss in ugly twirling legal fight” In an about-face so swift it would make a ballerina’s head spin, the former boss of the famed Joffrey Ballet School is allegedly threatening to bankrupt the institution. Christopher D’Addario, who quietly resigned as executive director in March, temporarily shuttered the Greenwich Village school’s website Sept….

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#JC Penney sees bankruptcy protection exit by Christmas

#JC Penney sees bankruptcy protection exit by Christmas

“#JC Penney sees bankruptcy protection exit by Christmas” JC Penney believes it will emerge from bankruptcy protection before Christmas under a new ownership agreement that would save tens of thousands of jobs. The beleaguered, century-old retailer said Wednesday that it has filed a draft asset purchase agreement with the two biggest mall owners in the…

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#Retail store closures break record amid COVID-19 crisis

#Retail store closures break record amid COVID-19 crisis

“#Retail store closures break record amid COVID-19 crisis” American retailers have closed a record number of stores for good this year as the coronavirus pandemic upended the industry, a new report says. Chains including Starbucks, Macy’s and Office Depot have announced plans to shutter 10,226 stores so far in 2020 — a number that already…

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#Bankrupt gunmaker Remington Outdoor to be sold in pieces

#Bankrupt gunmaker Remington Outdoor to be sold in pieces

“#Bankrupt gunmaker Remington Outdoor to be sold in pieces” Bankrupt gunmaker Remington Outdoor will split up its business and sell the pieces to seven different buyers following a bankruptcy auction, court records show. The biggest sale will go to Minnesota-based Vista Outdoor, which said it will pay $81.4 million for Remington’s brand and trademarks along…

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#Neiman Marcus emerges from Chapter 11 bankruptcy amid COVID-19

#Neiman Marcus emerges from Chapter 11 bankruptcy amid COVID-19

“#Neiman Marcus emerges from Chapter 11 bankruptcy amid COVID-19” Neiman Marcus said on Friday it has completed its Chapter 11 bankruptcy protection process, emerging from one of the highest-profile retail collapses during the COVID-19 pandemic. Its restructuring plan eliminated more than $4 billion of debt and $200 million of annual interest expense. The luxury department…

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