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The chain filed for its second bankruptcy and liquidation on August 7, 2019, [13] closing the remaining 54 stores [14] with plans to auction its intellectual property. [15] ALDO filed for bankruptcy on May 7, 2020, citing repercussions related to the COVID-19 pandemic as to why. [16] The shoe chain emerged from bankruptcy two years later. [17]
The transaction was by far the largest retail real estate investment in Germany in 2012. On 16 September 2013 it was disclosed that Signa, together with the BSG Group, had taken over 75.1% of the operative business of Karstadt-Premium-GmbH and 75.1% of the operative business of Karstadt-Sports-GmbH from the Berggruen Holding of the German ...
Germany: 23 Jan 2012: Retail: After continual losses mounting from 2011 Schlecker, with 52,000 employees, was forced into insolvency, though continued to run. Dynegy: United States: 6 July 2012: Energy: After a series of attempted takeover bids, and a finding of fraud in a subsidiary's purchase of another subsidiary, it filed for Chapter 11 ...
Germany would relax insolvency rules under proposals set out on Saturday to help avert a wave of bankruptcies in Europe's biggest economy, provided companies hit by the coronavirus crisis have a ...
AlixPartners CEO on retail bankruptcies, industry outlook. December 11, 2020 at 10:15 AM ...
Research published by global retail analyst IHL Group in 2019 suggests that the so-called retail apocalypse narrative was an exaggeration, with "more chains that are expanding their number of stores than closing stores.” [7] That year, retailers in the United States announced 9,302 store closings, a 59% jump from 2018, and the highest number ...
Another one bites the dust. In early September, discount retailer Fred's (NASDAQ:FRED) announced that it was filing for Chapter 11 bankruptcy protection and shuttering all of its stores. Fred's ...
Mein Real (stylized mein real; real until 2022 and real,-until 2017) was a chain of hypermarkets in Germany owned by Metro AG until 2020 when it was sold to The SCP Group. It was formed in 1992, from the merger of chains divi, Basar, Continent, Esbella and real-kauf.