Consumer & retail coverage

chapter 11 and restructuring coverage across Consumer & retail.

86 articles

Showing 25 to 36 of 86 coverage articles

Week of May 4, 2026

JCPenney Files Chapter 11; Simon and Brookfield Acquire Via $1B Credit Bid, PropCo Trust Winds Down

JCPenney filed chapter 11 in May 2020 after COVID closures eliminated cash flow on $5B in debt. Simon Property Group and Brookfield acquired the operating business via $1B credit bid; PropCo trust continues liquidating ~120 properties after $947M Onyx bulk sale collapsed in late 2025.

PrenegotiatedConsumer & retail

May 4

A.B.C. Carpet Co.: 888 Capital Credit Bid and 40.7% GUC Recovery

abc carpet & home filed chapter 11 in the Southern District of New York on September 8, 2021. 888 Capital Partners credit bid acquired all assets; a Rule 9019 settlement subordinated ~$40M of insider claims. Unsecured creditors received a 40.7% distribution.

Consumer & retail

Week of March 30, 2026

Mar 31

Blackhawk Plaza: $36M Default and Fraud Allegations Sink Danville Luxury Retail Center

Ramanujan Group LLC, owner of Blackhawk Plaza in Danville, California, filed chapter 11 with $36 million in secured debt. The ownership group faces fraud findings and an FBI investigation.

FreefallConsumer & retail

Mar 31

Francesca's Files Second Chapter 11 to Liquidate All 400 Stores

Houston-based specialty retailer Francesca's Acquisition, LLC filed chapter 11 for the second time on Feb. 5, 2026 in the District of New Jersey. All ~400 remaining boutiques are closing via going-out-of-business sales. Prepetition secured debt totals ~$30.1M; no DIP financing.

FreefallConsumer & retail

Week of March 23, 2026

Mar 27

Glosslab: $20M Celebrity-Backed Nail Chain Sells for $525K in Chapter 11

Glosslab LLC, the membership-based nail salon chain backed by $20 million in celebrity capital, filed chapter 11 in December 2024 after expanding to 21 locations. 363 sales totaled $525,000. The brand IP was relaunched under new ownership in 2026.

Consumer & retail

Week of March 16, 2026

Mar 19

Mountain Sports LLC: EMS and Bob's Stores Liquidation

Mountain Sports LLC filed chapter 11 in Delaware after PNC cut off funding, sold Eastern Mountain Sports and Bob's Stores assets to Mountain Warehouse, and is now pursuing a liquidating plan that projects low single-digit unsecured recoveries.

FreefallConsumer & retail

Mar 19

Summit Collective: Affiliate Chapter 11 Tracks Rad Asset Sale

Summit Collective, an affiliate debtor jointly administered with Rad Power Bikes, filed chapter 11 in Eastern Washington to support an expedited section 363 process culminating in a $13.2 million winning bid.

FreefallConsumer & retail

Mar 19

Rad Power Bikes Files Chapter 11 and Sells Assets to Life EV for $13.2M

Rad Power Bikes filed chapter 11 in Eastern Washington after a steep post-pandemic revenue decline and battery-safety pressure, then sold through a section 363 auction for $13.2 million.

FreefallConsumer & retail

Mar 19

Lugano Diamonds: Latest Bankruptcy Status After Sale

Lugano Diamonds filed chapter 11 after fraud allegations tied to founder Moti Ferder. The sale process is over, but the bankruptcy remains active with January cash burn, an April 30 challenge deadline tied to CODI's liens, a June 1 plan milestone, and continuing lease disputes.

Consumer & retail

Mar 19

American Signature: No Competing Bids as Schottenstein Insider Takes Furniture Chain

American Signature filed chapter 11 in Delaware after sales fell to million and losses widened. The case moved from a proposed stalking-horse sale to a completed insider deal, lease monetization, and a claims process that now frames recoveries for customers and other unsecured creditors.

Consumer & retail

Mar 19

Claire's: $140M Sale, Liquidating Plan

Claire's second bankruptcy ended with a $140 million sale of its North American business and confirmation of a liquidating plan for the remaining Delaware estates.

FreefallConsumer & retail

Mar 19

Wag!: 66-Day Prepack Chapter 11 Transfers Ownership

Wag\! Group Co. filed prepackaged chapter 11 in Delaware in July 2025 after SoftBank's $300M investment, a failed SPAC, and $69.5M in cumulative losses. Retriever LLC converted $16.3M in secured debt to 100% equity; the plan confirmed in 66 days with general unsecured creditors paid in full.

PrepackagedConsumer & retail

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