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Ascena Receives Court Approval To Sell Ann Taylor Brand, Other Labels

PYMNTS

filed for Chapter 11 bankruptcy in the United States Bankruptcy Court for the Eastern District of Virginia. “This is a pretty marvelous transaction and I just wanted to applaud all of you for putting this together and getting this done,” Judge Huennekens said in a hearing conducted through video and telephone on Tuesday (Dec.

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Gymboree Looks To Close With Second Bankruptcy

PYMNTS

Bankruptcy Court for the Eastern District of Virginia, Bloomberg reported. While the company is looking to shutter its Crazy 8 and Gymboree brands, a Goldman Sachs Inc. Other companies, however, have made the filing along with “prepackaged plans” to help them remain operating. They consist of outstanding letters of credit ($44.5

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‘Ship-ageddon 2020’ Just Keeps Getting Worse

PYMNTS

UPS made no official confirmation of the selective delays, but the reaction from the brands involved didn’t show any alarm over the move. “We Hot Topic Inc., Newegg Inc. and Macy’s as the shipping giant struggled with unprecedented demand from the pandemic-driven eCommerce surge. But she added that "contingency plans are in place.”.

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Bitcoin Daily: Argentina's Crypto Exchanges See Record Growth In 2020; JD.com Sees 20,000 Digital Yuan Transactions In 24 Hours

PYMNTS

I’ve been with the exchange pretty much from the beginning, and I’ve never seen this kind of growth," said Chief Brand Officer Juan Mendez , according to CoinDesk. This is bigger than the 2017 spike on operations and on demand.". has surpassed 5,000 locations.

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Ascena Files For Chapter 11 Bankruptcy, Plans Store Closures

PYMNTS

has filed for Chapter 11 bankruptcy in the United States Bankruptcy Court for the Eastern District of Virginia. The company said the loan, along with cash flow brought in from its continuing operations and the cash it holds, is forecasted to be enough to satisfy its “operational and restructuring” requirements after court approval.

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Off-Price Retailer Stein Mart Files For Chapter 11

PYMNTS

Stein Mart said it filed motions with the court that would allow it to stay in operation, including continuing to provide staffers with their wages as well as benefits, with the court’s approval. filed for Chapter 11 in federal bankruptcy court in Virginia. In July, Ascena Retail Group, Inc.

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Virginia Community Banker: LinkedIn Has Business Development Potential

Independent Banker

Pulse is an excellent way to keep abreast with topics of interest to the bank and individual, whether operations, lending or business development. Marketing products and services are shunned by more social sites, and businesses can do more harm to their brand than good if they don’t push business interests carefully.