Bankrupt Century 21, Citing $175 Million Insurance Nonpayment, Will Cease Operations

Pioneering off-price retail chain Century 21 Stores has filed for Chapter 11 bankruptcy protection and plans to shut all 13 of its stores in New York, New Jersey, Pennsylvania and…

Mall Operator Simon And Authentic Brands Jointly Make $305M Stalking Horse Bid For Bankrupt Brooks Brothers

Brooks Brothers Inc. announced Thursday it was seeking a bankruptcy court’s permission to enter an asset purchase deal with Sparc Group LLC, a joint venture between the Barneys and Nautica brands owner…