Tag: protection

Brooks Brothers seeks bankruptcy protection amid pandemic

Image copyright Getty Images Brooks Brothers, one of America’s oldest clothing brands, has become the latest US retailer to file for bankruptcy protection. The menswear company, which is more than 200 years old, sought court protection from creditors on Wednesday while it looks for a buyer. It had already shut some stores and prepared to close its US factories. Known… Read more →

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Gold’s Gym files for bankruptcy protection

Image copyright Getty Images Gym chain Gold’s has become the latest big name to file for bankruptcy protection as it struggles with the impact of coronavirus lockdowns. The company said the move would mean the permanent closure of 30 company-owned gyms. More than 700 gyms operate around the world under the Gold’s brand, most of which are franchises. It is… Read more →

J Crew files for bankruptcy protection

J Crew files for bankruptcy protection

Image copyright Getty ImagesImage caption J Crew’s stores are closed because of coronavirus Fashion firm J Crew has filed for bankruptcy protection, making it the first big US retailer to fall victim to the coronavirus pandemic. Under the terms of the filing, its main creditors are set to take control of the group in exchange for cancelling debts of $1.65bn… Read more →