Hints and tips:
...Marcus Moore, a portfolio manager for Osterweis in San Francisco, said he does not pay much attention to specific ESG credit scores from rating agencies and that the numbers should not be a deciding factor...
...Retail conglomerate Bestway has bought a stake worth £193mn in J Sainsbury, the UK’s second largest supermarket chain....
...Bricks and mortar chains including JCPenney, Neiman Marcus, J Crew, Brooks Brothers and Canada-based Aldo filed for bankruptcy protection last year, but several later exited or were bought out of Chapter...
...Drop us a line and join the conversation: Due.Diligence@FT.com His Theresa: a hedge fund manager’s stunning slip-up at Neiman Marcus Pity the man charged with picking through the wreckage of Neiman Marcus...
...Creditors like Marble Ridge for years had been complaining about how buyout firms with stakes in companies such as Toys R Us and J Crew had been pushing legal and ethical boundaries to avoid having their...
...J Crew, Travelport, Siris Capital Group, Elliott Management, WEX, GSO, Mudrick Capital, Bank of America and Neiman Marcus all declined to comment. joe.rennison@ft.com...
...Fashion group J Crew and department store chain Neiman Marcus are among the other chains that have also sought bankruptcy protection during the pandemic....
...Look at J Crew and Neiman Marcus, which have filed for bankruptcy....
...Neiman Marcus, the upmarket department store operator owned by Ares Management and the Canada Pension Plan Investment Board, has missed debt payments and is reportedly preparing a filing....
...Walmart and big-box rival Target have reported their biggest sales increases in several years while weakly positioned clothing chains and department stores including JCPenney, J Crew and Neiman Marcus have...
...Similar fights between private equity firms and hedge fund creditors have played out at companies such as J Crew and Neiman Marcus....
...Both Neiman Marcus and JCPenney have missed bond payments in recent weeks. J Crew’s roots are as a door-to-door clothing business, Popular Club Plan, that began in 1947....
...Maybe we just don’t need J Crew any more....
...activity dropped to its lowest level in more than a decade during the second quarter, a spike in bankruptcies of prominent companies — such as the rental car group Hertz, the department store chain Neiman Marcus...
...In common with Neiman Marcus, J Crew and other retailers that have been unable to weather the pandemic, JCPenney had been saddled with high debts....
...Neiman Marcus, JCPenney and J Crew have all filed for bankruptcy protection this month. Others, including Macy’s and Gap, have been stripped of investment-grade debt ratings....
...), womenswear company Ascena ($1.8bn) and clothing retailer J Crew ($1.4bn)....
...Capping off the list are Christiana Riley, head of Deutsche Bank Americas, Paul Taubman, founder, chairman and CEO of PJT Partners, Dwight Scott, president of GSO Capital Partners and David Marcus, head...
...A year ago, the confidence among executives at UK supermarket group J Sainsbury that its bold bid for rival Asda would clear the inevitable competition inquiry verged on ebullience....
...But in September, the online retailer was transferred up to the parent company, called The Neiman Marcus Group Inc, potentially putting it out of the reach of creditors such as Mr Kamensky if Neiman Marcus...
...Other retailers have since done similar deals; Neiman Marcus was the most recent....
...The UK competition watchdog has launched a formal investigation into the proposed merger between supermarket chains J Sainsbury and Asda....
...J Sainsbury, the UK’s second-biggest food retailer, and Walmart subsidiary Asda are in advanced talks about a tie-up that would create a more powerful rival to long-time market leader Tesco, according to...
...improving Negatives: Its dominant position restricts bids, particularly a counterbid in this case A little over a year ago, major shareholders went public with their concerns about the proposed takeover of wholesaler...
...Britain’s competition watchdog is expected to investigate merger plans by J Sainsbury and Asda, which would result in the supermarket rivals leapfrogging over retail leader Tesco with more than 31 per cent...
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