Bankruptcy & Restructuring News Headlines for Thursday Jun 6, 2024

Here's what we are reading this morning:

Dollar Tree is exploring a sale of its Family Dollar brand: Dollar Tree is exploring a sale of its grocery-focused brand Family Dollar, after shuttering more than 500 stores in the past quarter

After abruptly shuttering its stores, Outdoor Voices has a new owner | Retail Dive: Consortium Brand Partners, which also owns Draper James, plans to open new stores next year and expand into adjacent product categories

Some Foxtrot Locations Could Reopen This Summer, Founder Says: Foxtrot founder Mike LaVitola is leading the revival of the upscale market under a new company with an old investor, according to Crain’s Chicago

Rubio’s Restaurants Files for Bankruptcy With Plans to Sell Chain - WSJ: Rubio’s said it recently closed 48 underperforming locations in California, and that its remaining 86 sites in California, Arizona and Nevada will continue normal operations

Broadcaster Diamond Sports Says Comcast Talks Have Broken Down - WSJ: Diamond Sports Group’s negotiations with Comcast over a new deal to broadcast regional games have reached an “impasse,” leaving the Sinclair-owned company to look for alternatives, its lawyer said Tuesday

Figure Markets Introduces a Marketplace for FTX Claims | Business Wire: Figure Markets today announced the launch of a marketplace for FTX creditors and investors to trade FTX claims

San Francisco Is Growing Again, Fueled by AI, Corporate Investment - Bloomberg: Recovery gains steam in city dogged by doom-loop narrative

Sri Lanka, Official Creditors Seal $5.9 Billion Debt Revamp Deal - Bloomberg: Sri Lanka struck an initial deal with a group of key official creditors, including India and the Paris Club, to restructure about $5.9 billion of debt, a key step toward the nation’s efforts to recover from an unprecedented economic crisis

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