Forever 21 will lay off nearly 700, including at its headquarters : Forever 21 is laying off nearly 700 people in California and Pennsylvania, including 358 at its headquarters, according to a series of WARN notices sent to the states’ Employment Development Department in recent weeks. The others work at stores that will close permanently in coming weeks, according to the notices.
What 5 charts say about the pandemic’s impact on retail, 5 years later | Retail Dive: The industry may be far from the dramatic day-to-day struggles of 2020, but it hasn’t yet escaped the long tail the global health crisis left in its wake
Tropicana Mulls Competing Rescue Deals as Orange Juice Sales Lag: Tropicana Brands Group, facing a liquidity crunch as juice sales lag, is considering competing offers for a cash injection from new lenders and holders of its existing debt, according to people with knowledge of the situation.
Bankruptcy Court Issues New Decision on Recognition of Foreign Proceedings Under Chapter 15 - Patterson Belknap Webb & Tyler LLP: The U.S. bankruptcy court in New York recently issued an important decision under Chapter 15 of the U.S. Bankruptcy Code concerning the restructuring of U.S. law governed debt in a foreign insolvency proceeding. In re Mega Newco Limited, Case No. 24-12031 (MEW) (Bankr. S.D.N.Y. Feb. 24, 2025).
