Bankruptcy & Restructuring News Headlines for Tuesday Aug 27, 2024

Here's what we are reading this morning:

Purple lays off corporate staff as it plots factory closures | Retail Dive: Purple has had a bumpy past year, with revenue down 10.9% year over year in 2023 to $510.5 million, while operating costs went up 13.8%. Sales were down for seven consecutive quarters before seeing a slight uptick at the end of last year

How Chicken Soup for the Soul entangled a titan of private credit: A bitter bankruptcy fight is playing out between HPS Investment Partners and the parent company of Redbox

Amazon aggregators Branded, Heyday plan to merge as industry shrinks: The Amazon aggregator space has faltered since venture capital money dried up and companies struggled to profitably operate the brands they acquired





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