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...Fairway, Toys R Us, Gymboree, and Payless ShoeSource are among the other private equity-backed retailers that have filed for bankruptcy in recent years. J Crew is unlikely to be the last....
...Bankruptcies last year of the retailers Charlotte Russe, Gymboree, and Payless ShoeSource further hurt its rental income.Lou Conforti, chief executive, said the “exogenous shock has been dramatic to say...
...Gap and Victoria’s Secret are among several household names to announce closure plans, while Payless ShoeSource and Charlotte Russe have each launched bankruptcy filings....
...While some companies are reporting some of their strongest results in years, others including Payless ShoeSource and Charlotte Russe have filed for bankruptcy protection this year....
...Payless said it has secured $385m in debtor-in-possession financing, that will allow it to tap up to $120m in incremental liquidity during the bankruptcy....
...Golden Gate Capital, the San Francisco private equity group that has previously invested in California Pizza Kitchen and retailers Payless ShoeSource and Zales, will pay $2.1bn in cash for Red Lobster....
...In May Collective Brands, the group behind Payless ShoeSource and Sperry Top-Sider split itself up. Nike said the divestitures would allow it to focus on its core brands....
...The group behind Payless ShoeSource stores and a collection of shoe brands including Sperry Top-Siders is splitting itself up in a $2bn deal....
...This summer, the company, whose other businesses include the Keds, Saucony and Sperry brands, and Payless ShoeSource, the US discount fashion shoe retailer, opened a new European headquarters in Amsterdam...
...Payless ShoeSource, whose low-cost shoe stores dot shopping malls and streets across the US, is to open its first stores in Russia next year under a franchise agreement with MH Alshaya, the Kuwaiti retail...
...Payless ShoeSource, whose low-cost footwear shops dot malls across the US, will open its first shops in Russia in 2010 in a franchise agreement with MH Alshaya, the Kuwaiti retail group....
...But shares in Collective Brands, which owns the Payless Shoesource chain, jumped 7.6 per cent to $21.71 after the group reported better-than-expected results for the third quarter....
...Ihere was a merger in the shoe sector as Payless ShoeSource said on Tuesday that it was buying Stride Rite for around $800m....
...There was a merger in the shoe sector, as Payless ShoeSource purchased Stride Rite for around $800m. Shares in Stride Rite soared 36 per cent to $20.17 and Payless gained 6 per cent to $34.23....
...At the other end of the scale from the $800 camcorder, Payless ShoeSource, the discount fashion shoe retailer, ships goods ordered online to its network of more than 4,000 small stores, rather than “picking...
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