Bankruptcy & Restructuring News Headlines for Thursday Oct 17, 2024

Here's what we are reading this morning:

Beyond to invest $40M in The Container Store | Retail Dive: Under the deal, The Container Store locations will showcase spaces that feature Bed Bath & Beyond’s assortment for kitchen, bath and bedroom. The move brings the iconic brand back to physical shops about 18 months after the previous iteration of the company filed for bankruptcy and pivoted to e-commerce only under new ownership

Westfield Montgomery Mall Owner Sees Value Slashed But Secures Loan Extension: Unibail-Rodamco-Westfield received a two-year extension and agreed to pay down $16M of its $350M loan in August after it was transferred to special servicing.

7-Eleven shuttering 444 North American stores amid strategic pivot | C-Store Dive: The retailer also aims to generate $520 million through sale-leasebacks of an undisclosed number of stores as its parent company slashes its profit forecast and spins off non-core segments.





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