Hints and tips:
...A few weeks ago, there was an outcry after Apollo Global Management offered Yellow Corporation, the recently bankrupt trucking company, a $142.5mn DIP loan that came with a fee as high as $32mn....
...The business expanded through a 1962 design contract with US department store chain JC Penney and, in 1963, the lower-priced diffusion line Ginger Group....
...Neiman Marcus, JC Penney, Pier 1 and J Crew have all filed for bankruptcy this year. But they are hardly alone. With each new day more and more high street shops and restaurants are closing....
...Read up on the full event agenda here which includes speakers from top banks, law firms, corporations and private equity groups. Use this link to register....
...This week has seen Lord & Taylor seek Chapter 11 protection, following similar moves from department stores Neiman Marcus and JC Penney in May....
...Quant later designs the staff uniforms for his furniture store Habitat 1962 Quant signs a lucrative design contract with US department store JC Penney....
...That group included such well-known names as Sears Holdings, JC Penney, HP Inc, CBS, Macy’s, Nordstrom, Motorola, IBM, Symantec, Xerox, Office Depot, VeriSign and Target Corporation....
...TheAmplify, an internet marketing agency, works with brands including 20th Century Fox and US retailer JC Penney to analyse how people are talking about their brands on social media....
...Analysts at UBS downgraded JC Penney to “sell” from “neutral” and lowered their price target to $5 from $10....
...JC Penney shares slid 2 per cent to $9.50. Coca-Cola agreed to pay $2.15bn for a 16.7 per cent stake in Monster Beverage, sending shares of the latter up 27 per cent to $90.73....
...He cites Bill Ackman’s Pershing Square which, together with Vornado Realty Trust, was able to acquire 27 per cent of the retailer JC Penney before having to disclose its stake. ....
...One of the week’s biggest risers was JC Penney, which added 0.4 per cent to $14.27 on Friday....
...With Thanksgiving dinner approaching, the holiday shopping season also looms, and JC Penney heads into it with some momentum....
...JC Penney was also among the stronger performing stocks, up 8.8 per cent to $7.39....
...Together with buying during that grace period, Mr Ackman and other activists targeting JC Penney in 2010 suddenly emerged with 27 per cent of the retailer under their control....
...JC Penney shares declined 3.3 per cent to $8.43. The retailer’s credit rating was downgraded to junk status by Fitch Ratings, which slashed its grade to “CCC” from “B-”....
...Others include Apple, Dell, Starbucks, JC Penney and, most recently, Procter & Gamble, which last month brought back AG Lafley as chief executive....
...Pershing Square’s Mr Ackman also made an ill-fated decision to pursue a public spat with the management of JC Penney, the US retailer....
...Back in May, Ackman was all excited about his contrarian JC Penney trade, expecting the new management to turn this perennial under-performer around....
...JC Penney shares jumped 10 per cent in after-hours trading after CNBC reported that Ron Johnson was ousted as CEO....
...JC Penney shares jumped 7 per cent to $15.24 in after-hours trading on news that a filing by George Soros’s hedge fund, Soros Fund Management, had built up a 7.9 per cent stake in the retailer....
...Struggling US department store chain JC Penney fell 1.6 per cent to $14.39 after the company said it would borrow $850m from an existing credit facility to bolster its balance sheet....
...JC Penney shares tumbled 11.2 per cent to $25.83, making it the worst performer on the S&P 500 index on Thursday, as investors appeared unconvinced by the retailer’s presentation of its revamped stores....
...Some, such as Sears and JC Penney, the US mid-market department stores, are struggling in a crowded market. They have a surfeit of physical space and are being attacked by online retailers....
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