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NCLT admits insolvency plea against Future Supply Chain Solution

Future group firm Future Supply Chain Solutions Ltd. in a regulatory filing said the Mumbai bench of National Company Law Tribunal has allowed the plea filed by DHL E-commerce (India) Pvt. Ltd., claiming defaultNew Delhi: The National Company Law...

RTW Retailwinds, Inc. voluntarily files Chapter 11 bankruptcy

RTW Retailwinds, Inc., an omnichannel specialty apparel retail platform for powerful celebrity and consumer brands, announced that it and its subsidiaries have filed voluntary petitions for relief under Chapter 11 of the Bankruptcy Code in the United States Bankruptcy...

8 big box brands that are seeking bankruptcy protection amid COVID crisis

Economies all over the world are suffering due to the Novel Coronavirus pandemic, and the global retail industry – which has been in a state of flux for the last few years – has been especially hard hit. The...

JCPenney receives court approval of ‘First Day’ motions to support business operations

J. C. Penney Company, Inc announced that it has received approvals from the U.S. Bankruptcy Court for the Southern District of Texas, in Corpus Christi, TX for the ‘First Day’ motions related to the company’s voluntary Chapter 11 petitions...

The ALDO Group announces intention to restructure under Companies' Creditors Arrangement Act

The ALDO Group Inc. announced that it sought and obtained an Initial Order pursuant to the Companies' Creditors Arrangement Act (the "CCAA") from the Superior Court of Québec (the "Court"). In addition, the company has voluntarily applied for similar protection...

Neiman Marcus files for Chapter 11 bankruptcy

Neiman Marcus Group LTD LLC announced that it has entered into a Restructuring Support Agreement with a significant majority of its creditors to undergo a financial restructuring, substantially reducing its debt load and interest payments and supporting continued operations during...

Struggling General Growth Properties files for reorganisation

General Growth Properties, Inc. (GGP), one of the USA's largest REITs, has announced the filing of the plan of reorganisation and related disclosure statement with the Bankruptcy Court in the Southern District of New York for the 92 regional...
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How fashion brands are leveraging AI

From product design to marketing and virtual try-ons, here’s how the fashion majors are adopting AI in their businessTop...
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