-
Carl Icahn’s car-rental company Hertz may be skidding toward liquidation, The Post has learned. The 102-year-old Hertz — known for tapping O.J. Simpson as its spokesman in the 1970s — could file for bankruptcy in the coming days tied to a tardy collateral payment next due on Friday. As The Post has previously reported, the …
-
It seems there’s no love lost between Thomas Ravenel and his former “Southern Charm” co-star Cameran Eubanks. On Saturday, Ravenel blasted Eubanks and fellow “Southern Charm” personality Patricia Altschul on Twitter, calling the duo “terrible.” “The truth is never terrible. Cameran and Patricia are terrible. Anyone who falls for Bravo editing BS has a very …
-
Wall Street bosses continue to crack the whip on junior staffers during coronavirus lockdowns, a viral new e-mail suggests. An e-mail chain making the rounds on Wall Street appears to show a senior banker at PJT Partners reprimanding subordinates for not promptly responding to an email that came in at 3 a.m. “We’re working on …
-
Hertz Global Holdings wants to keep its business in Europe solvent as it prepares for a possible bankruptcy filing in the US, The Post has learned. The struggling car-rental giant backed by billionaire Carl Icahn on Friday asked lenders to its European division, which represents about 20 percent of sales, to sign a waiver by …
-
Pier 1 Imports is calling it quits. The bankrupt home-goods retailer has asked a court for permission to liquidate its remaining 540 stores once they reopen, ending a 58-year legacy of selling colorful glassware, wicker furniture and other home decor. “This is not the outcome we expected or hoped to achieve,” Robert Riesbeck, Pier 1’s …
-
The coronavirus has claimed some of SoftBank’s “unicorns” as casualties — and its billionaire CEO used a fantasy-driven slide presentation to illustrate the problem. The Japanese investment giant reported an $18 billion loss for its Vision Fund Monday after its buzzy “unicorn” tech startups like Uber and WeWork fell into what CEO Masayoshi Son called …
-
JCPenney plans to trim its store count by 29 percent, to about 604, as the US department store chain looks to focus on those more profitable, a regulatory filing showed on Monday, two days after it filed for bankruptcy protection. The stores to stay open accounted for 82 percent of the company’s fiscal 2019 sales, …
-
Billionaire Alibaba founder Jack Ma on on Monday resigned from SoftBank’s board in what is the latest departure by a high-profile ally of CEO Masayoshi Son. SoftBank didn’t give a reason for Ma’s resignation, but it came the same day that SoftBank’s giant Vision Fund reported a staggering $18 billion annual operating loss — the …
-
The private equity giant that rode Cirque du Soleil to the brink of bankruptcy now wants to share in the spoils, The Post has learned. Texas-based TPG Capital has positioned itself to make money from a highly anticipated Cirque du Soleil bankruptcy by turning itself into a lender in a last-minute maneuvering that has the …
-
Some big banks have received grand jury subpoenas as part of a federal investigation into possible fraud involving the $660 billion coronavirus emergency loan program for small businesses, according to a new report Saturday. Two sources told Reuters that the Justice Department had sent subpoenas to major banks, but did not name the institutions. JPMorgan …
Carl Icahn’s car-rental company Hertz may be skidding toward liquidation, The Post has learned. The 102-year-old Hertz — known for tapping O.J. Simpson as its spokesman in the 1970s — could file for bankruptcy in the coming days tied to a tardy collateral payment next due on Friday. As The Post has previously reported, the …
