Welcome to this week’s Re/Re/Recap, keeping you “up” on the fun and games that is the world of restructuring, reorganization, and corporate renewal. This week’s going to be a short trip down to the corner store for a gallon of milk, so you probably don’t even need to buckle up.
Links worth Blinks
Barfly (bankrupt parent co. of HopCat restaurants) gets two prepetition lenders to sign on as stalking horse bidders.
Remington (not-yet-currently-bankrupt, but previously bankrupt gunmaker) sees Navajo Nation back out of talks to buy the company through a bankruptcy sale.
Neiman Marcus is saying “goodbye” to its high-profile location in the trendy New York City development, Hudson Yards
Brooks Brothers gets $305M stalking horse bid from Sparc, the joint-co that includes our favorite mall owner/operator, Simon Property Group.
#ZombieMall2020 continues with Ascena Retail Group filing Chapter 11. Ascena is the parent company of Ann Taylor, Loft, Lane Bryant, and Lou & Grey.
Lands’ End Inc. is worried it won’t remain a going concern, according to its 10Q.
United Airlines is currently burning $25M per day to fund ongoing operations…