bankrup

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 …

JCPenney filed for bankruptcy protection on Friday, the latest among traditional brick-and-mortar retailers to crumble as prolonged store closures due to the COVID-19 pandemic deliver the final blow to troubled businesses. The department store chain, known for selling family apparel, cosmetics and jewelry at roughly 850 locations, said it reached an agreement with creditors for …

JCPenney shares surged after the retailer said it has made a $17 million interest payment that was due May 7. The announcement eased fears that the struggling retailer is headed for a bankruptcy filing soon, sending its shares up nearly 30 percent in afternoon trading, to 25 cents. The once-mighty department store chain has been …

Neiman Marcus Chief Executive Geoffroy van Raemdonck is facing a mutiny by a group of lenders unhappy about his plans to revive the company through bankruptcy, The Post has learned. The lenders — who are looking to replace Raemdonck one week after he filed for Chapter 11 bankruptcy — claim he lacks the skills to …

Discount retailer Stage Stores filed for bankruptcy Sunday with plans to sell its business after the coronavirus crisis threw a wrench into its turnaround plans. The Houston-based owner of the Peebles, Goody’s and Gordmans chains said it had no choice but to seek a buyer through the Chapter 11 process after the pandemic forced it …

JCPenney is preparing to file for bankruptcy protection as soon as next week with plans to permanently close about a quarter of its roughly 850 stores, becoming the latest major US retailer to succumb to fallout from the coronavirus outbreak, according to people familiar with the matter. A bankruptcy filing would cap a long decline …

Neiman Marcus filed for bankruptcy Thursday, blaming the coronavirus for spoiling its turnaround and forcing it into a restructuring. The Dallas-based luxury chain became the second major retailer to declare bankruptcy this week, following J.Crew’s Monday Chapter 11 filing, as the pandemic kneecaps the industry. Neiman said it reached a restructuring deal with most of …

J.Crew filed for bankruptcy this week after years of lackluster sales, but the buyout firm that took it private almost a decade ago still made off with a hefty profit, according to public filings and internal documents reviewed by The Post. Texas-based TPG, headed by billionaires David Bonderman and Jim Coulter, has made a fortune …

Gold’s Gym has filed for Chapter 11 bankruptcy after the coronavirus forced it to shut down its workout venues nationwide. The fitness chain stressed that it’s not going out of business even though the crisis forced it to permanently close 30 company-owned locations. The company plans to work through the restructuring process by Aug. 1 …

Iconic American clothing retailer J.Crew on Monday became the first nationwide retailer to file for bankruptcy as the coronavirus crisis ravages the retail industry. The New York-based company — whose clothes were famously touted by Michelle Obama — is among several major retailers that have suffered while the pandemic forces stores closed and shut shoppers …