With its stock down almost 50 percent since 2014, the legendary brand is taking a page from its younger competitors.Video provided by Newsy Newslook Ralph Lauren CEO Stefan Larsson plans to close 50 stores and cut 1,000 jobs as part of a restructuring plan to get the business back to profitability.(Photo: Spencer Platt, Getty Images)…
June 7, 2016 4:13 p.m. ET Fairway Group Holdings Corp., a New York supermarket chain that faltered following an ambitious expansion, won court approval on Tuesday for a reorganization plan that will cut its debt load in half. Judge Michael Wiles of the U.S. Bankruptcy Court in Manhattan signed off on the plan a little more than a month after the…
Americans owe a collective $930 billion dollars in credit card debt. In South Carolina the average per card holder is more than $5,600. And thats just the plastic. So we looked into how you tackle rising debt. Here is what you can do if you need help and what to watch out for in this…
Christian Keszthelyi Tuesday, June 7, 2016, 14:31 Some 130 employees of porcelain maker Zsolnay resigned from their jobs effective immediately, abandoning the company for the newly formed Ledina Kerámia, the latters legal representative told Hungarian news agency MTI today. Ledina Kerámia was created by Zsolnays minority owner Pécs Council, to take over operations from Zsolnay…
To find out, I spoke with Jeffrey Carhart, partner of the law firm Miller Thomson. He is a respected expert in the area of corporate bankruptcy and insolvency. According to Carhart, perhaps the simplest way to consider the differences is to think about who is in control of the insolvent company? Generally speaking, the Companies…
7 Jun 2016 / Greg Moskovitch When Napster finally took its toll on the music industry back in the early 2000s, there were just as many cheers as there were sighs. Despite the obvious impact it had on artists, many were glad labels were finally getting their comeuppance. Having taken advantage of artists and…
But in the bankruptcy cases, West Virginia has been pressuring the industrys lenders to share more of the responsibility for mine reclamation and water remediation, arguing that they exert great influence, if not outright control in some cases, over the bankrupt mining companies. Still, figuring out who holds the industrys debt can involve a cat-and-mouse…