Latham Hires Liability Management Lead From Wachtell - WSJ: John Sobolewski joined the law firm from Wachtell Lipton Rosen & Katz
Bloomberg: Regional Retailer Bargain Hunt Prepares Potential Bankruptcy: Discount retailer Essex Technology Group, which does business as Bargain Hunt, is preparing a bankruptcy filing that could come as soon as next week, according to people with knowledge of the matter
Retailers are eager to take spaces left by bankrupt chains like Big Lots and Party City - Modern Retail: Real estate executives from Burlington to Barnes & Noble are champing at the bit to scoop up bankrupt retailers' empty spaces.
Beyond buys BuyBuy Baby for $5M | Retail Dive: Dream on Me, a former BuyBuy Baby vendor, bought the brand’s intellectual property and 11 store leases for a total of $16.7 million in July 2023. In November 2023, Dream on Me reopened those stores. But less than a year later, it closed them all and announced a shift to operating BuyBuy Baby as a digital-only brand
Nashville-Based Discount Store Bargain Hunt Files for Bankruptcy: Discount retailer Essex Technology Group, which does business as Bargain Hunt, has filed for bankruptcy, marking deepening woes for stores that target budget-conscious shoppers. The company filed for Chapter 11 bankruptcy in Tennessee on Monday, court documents show. It listed assets of $10 million to 50 million and liabilities of between $50 million and 100 million in its petition.
State Farm seeks an emergency insurance rate increase after LA wildfires. It’s the latest blow to California’s housing market | CNN Business: State Farm General, California’s largest insurance provider, has requested an emergency interim rate hike averaging 22% for homeowners from state officials on Monday, citing a “dire” financial situation after destructive Los Angeles wildfires last month
