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Bankruptcy & Restructuring News Headlines for Friday Jun 5, 2020

June 05, 2020

Here's what we are reading this morning:

G-lll Apparel Group Closing All Wilsons Leather and G.H. Bass stores – WWD

Ascena Reportedly Retains Kirkland & Ellis, Guggenheim Securities and Alvarez & Marsal | Retail Dive

Simon Property, biggest U.S. mall owner, sues Gap over skipped rent

US Labor Department: Unemployment Insurance Weekly Claims Initial claims were 1,877,000 for the week ending 5/30 (-249,000). Insured unemployment was 21,487,000 for the week ending 5/23 (+649,000).

U.S. exports plummeted 20.5% in April while Imports de­clined 13.7% from the month before, expanding the country’s trade deficit to $49.41 billion. - WSJ

U.S. Car Rental Bankruptcies May Further Pressure Used Car Prices - News | ABL Advisor

For the fastest signal of U.S. hiring trends, try looking at small firms | LinkedIn

Rival J.C. Penney Lenders Reach Bankruptcy Financing Deal - WSJ

JC Penney announces 154 stores set to close this summer. Here's a map.




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