B8ta shutters U.S. operations after failing to reach a deal with landlords: So-called retail-as-a-service startup b8ta launched in 2015, hoping to reinvent brick-and-mortar retail in a number of ways. But, ultimately, the company’s reliance on brick-and-mortar stores proved to be its downfall.
Russia Sanctions Put $41 Billion of Default Insurance at Risk - Bloomberg: International sanctions placed on the country in response to President Vladimir Putin’s invasion of Ukraine may both trigger credit-default swaps and also prevent the underlying bonds from being used for settlement, according to strategists and investors at Citigroup Inc., CreditSights Inc. and Vanguard Asset Management.
Chinese Exile Guo Wengui Bankruptcy Case Starts - Bloomberg: The insolvency case of Guo Wengui, the exiled Chinese businessman, got off to raucous start Tuesday when a longstanding creditor called the move “astonishing” and signaled it would wage an aggressive fight in bankruptcy court.
Exclusive: Amazon to close all of its physical bookstores and '4-star' shops | Reuters: Amazon.com Inc on Wednesday told Reuters it plans to close all 68 of its physical book stores, pop up shops and "4-star" stores in the United States and United Kingdom, ending some of its longest-running experiments in physical retail.
Gold Coin Dealer Lear Files Bankruptcy to Corral Legal Woes : Lear Capital Inc., a gold and silver coin dealer previously accused of deceiving customers, filed for bankruptcy in Delaware on Wednesday to streamline any future legal spats.
Ron Burkle’s Yucaipa on Trial for Allegedly Sinking Car Hauler Takeover Talks: A trustee for creditors of Allied Systems Holdings blames the private-equity firm for scuttling negotiations to be acquired by a competitor
The Evolution of the New Mall Lease | Hilco: A shifting dynamic has developed between tenants and landlords in the negotiation of shopping center leases
JPMorgan joins large NYC companies in shedding office space | Crain's New York Business: The pandemic-driven shrinkage show no signs of abating even as building owners and Mayor Eric Adams beckon workers back
No Procedural Notice, No Problem: 11th Circuit Affirms Due Process Not Violated Where Debtor Provides Actual Notice - Weil Restructuring: In a recent decision, the Eleventh Circuit found that due process rights were not violated where the debtor provided actual notice of the third-party releases to its creditors despite failing to comply with the specific procedural requirements prescribed by the Bankruptcy Rules.
Muni-Financed Dallas-Area Senior Living Project Files Bankruptcy: A 318-unit senior living rental housing community in Plano, Texas filed bankruptcy Tuesday, according to a securities filing.