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LVMH, Tiffany Engage In Luxurious War Of Words

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The suit, filed Monday in Delaware , says that LVMH “continues to have full confidence in its position that the conditions necessary to close the acquisition of Tiffany have not been met.”. The two sides go to trial in January in Delaware. In the balance lies the future of one of retail’s truly iconic luxury brands. billion takeover.

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Jeans Maker True Religion Files For Chapter 11 Bankruptcy

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The court filing took place in Delaware on Monday, April 13. True Religion was acquired for $824 million in 2013 by London-based capital investment firm TowerBrook Investment Partners, and ended up filing for bankruptcy in 2017. True Religion tried to capitalize on that with its own brand of workout pants.

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Barclays Eyes US Expansion

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In addition, sources say that Barclays is putting more capital behind its U.S. housing market during the last recession. Since then, it launched an online lender in Delaware, which collects term deposits to fund its large U.S. billion of deposits to its Delaware operation. Other possibilities include rolling out its U.K.

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The RealReal Notches $300M In IPO

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The company priced its shares above a target range, having sold 15 million shares for $20 apiece following their marketing at $17 to $19, Bloomberg reported. The RealReal reportedly has yet to generate a profit, even though Bloomberg noted “the market is intrigued by its growth.” per the filing. IBISWorld Pty Ltd.

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Simon Property Group Hits Gap With Lawsuit To Recoup Back Rent

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In the first major retail rent showdown of the pandemic, Simon has filed a complaint in state court in Delaware seeking $66 million in back rent owed by The Gap, which also owns Banana Republic and Old Navy. The announcement came as The Gap cut staff, furloughed workers, slashed expenses and put $300 million in capital improvements on ice.

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Bird Scoots Closer To $1B Valuation With $200M Funding

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In late May, it was reported that the company was trying to raise $150 million in a funding round led by Sequoia Capital. Citing a certificate of incorporation filed in Delaware, TechCrunch reported that Bird has authorized the sale of 31.5 million new shares in its financing round at a value of $6.15

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Chapter 11 Watch: Hanjin’s Latest Lifeline, Caesars Raises The Stakes And E-Cigarette Troubles

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NJOY, one of the largest makers of e-cigarettes, filed for bankruptcy protection in Delaware federal court on Sept. The company raised $70 million in a capital round in 2013 that valued the company at $1 billion and has some big-name investors, including Napster Founder Sean Parker, PayPal Founder Peter Thiel and singer Bruno Mars.

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