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Bon-Ton Is The Next Retailer To File For Bankruptcy

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The retailer said it voluntarily filed for Chapter 11 bankruptcy protection in Delaware and is exploring a sale, Fortune reported. The retailer said in a filing last week that it might have to file for Chapter 11 if it could not reach a deal with creditors.

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LVMH, Tiffany Engage In Luxurious War Of Words

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In the balance lies the future of one of retail’s truly iconic luxury brands. 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.

Delaware 189
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Garment Factories Reeling As Importers Stop Orders Among Weak Sales

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The coronavirus pandemic has caused a rift in the relationship between apparel manufacturers and retailers, resulting in lost profits and canceled payments as the economy slogs through the mud, according to The Wall Street Journal. In Bangladesh, jeans maker Denim Expert Ltd.

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Misfits Market Founder On Rescued Produce As A Subscription

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Misfits Market , for instance, grew out of Founder Abhi Ramesh’s trip to an orchard in Eastern Pennsylvania. Seeing all of that wasted produce inspired Ramesh to start Misfits Market, with the goal of providing affordable fresh produce to customers on the East Coast. The Subscription Model.

Marketing 134
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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. And the coronavirus pandemic has hit clothing retailers particularly hard, given the lack of need for new clothing while everyone stays inside to follow social distancing measures and avoid going out for any non-essential needs.

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Hard Times For Soft Drinks As Coca-Cola Puts The Lid On Tab

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You can also take your last swigs of Diet Coke Feisty Cherry, Sprite Lymonade and Coke Life, according to WSJ reporting, as well as “small regional brands such as Northern Neck Ginger Ale, Delaware Punch and Mendota Springs seltzer.” Not to give the impression that the fizz has … fizzled … in the soft drink markets.

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Simon Property Group Hits Gap With Lawsuit To Recoup Back Rent

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All eyes in the retail sector are now on Simon Property Group , as the mall giant hauls The Gap into court for failing to pay rent amid the coronavirus shutdown. However, The Gap, like many other retailers, has seen its revenue fall off a cliff since March, when the clothing retailer was forced to shutter stores across the country.

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