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Bankruptcy & Restructuring News Headlines for Thursday Jun 11, 2020

June 11, 2020

Here's what we are reading this morning:

Saks Fifth Avenue owner seeks financing as virus crimps sales -sources - Reuters

Coronavirus Speeds Up Starbucks Shift to Takeout - WSJ

A third of America's malls will disappear by next year: Jan Kniffen (current retail consultant and former exec at The May Department Stores)

Zara to Close 1,200 Stores as It Outlines Post-Coronavirus Future - WSJ

Simon Property Group Terminates Taubman Agreement | Simon Property Group, Inc.

Judge Backs USA Gymnastics Suit for Small-Business Loan - WSJ

AMC Entertainment said it expects to reopen its theaters globally in July after shutting them down in mid-March due to the Covid-19 pandemic

Taubman Centers Confirms Receipt of Notice from Simon Property Group Purporting to Terminate Merger Agreement

Inside story of Brex layoffs after $150 million raise - Business Insider

Extraction Oil Shares Soar Despite Bankruptcy Warning - WSJ




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