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United Kingdom

Mike Spector

New York retail icon Barneys files for bankruptcy

07 Aug 2019

NEW YORK/PARIS Barneys New York Inc filed for bankruptcy protection on Tuesday and put itself up for sale, pushed to the brink by falling revenue and soaring rent at its stores that caused many vendors to effectively stop shipping merchandise to the luxury department store chain. | Video

For J.C. Penney CEO, debt haunts turnaround bid

06 Aug 2019

NEW YORK J.C. Penney Co Inc’s stock has plunged more than 70% over the past year and now trades under $1. Its first-quarter financial loss nearly doubled to $154 million. 

Seeds of London Stock Exchange deal planted at flower show

01 Aug 2019

LONDON/NEW YORK London Stock Exchange Group's $27 billion purchase of financial-data business Refinitiv has its origins in May 2013, amid the crocuses, champagne and corporate hobnobbing of the British capital's Chelsea Flower Show.

FOCUS-Seeds of London Stock Exchange deal planted at flower show

01 Aug 2019

LONDON/NEW YORK, Aug 1 The London Stock Exchange Group Plc’s expected $27 billion purchase of financial-data business Refinitiv has its origins in May 2013, amid the crocuses, champagne and corporate hobnobbing of London’s Chelsea Flower Show.

Exclusive: J.C. Penney taps debt restructuring advisers - sources

19 Jul 2019

J.C. Penney Co Inc has hired advisers to explore debt restructuring options that would buy more time for the money-losing U.S. retailer to forge a turnaround, people familiar with the matter said on Thursday.

Exclusive: Barneys New York explores options that include bankruptcy - sources

14 Jul 2019

NEW YORK U.S. luxury department store operator Barneys New York Inc is exploring options that include a bankruptcy filing, as it struggles with high rents and changing consumer tastes, people familiar with the matter said on Saturday.

J. Crew taps banks for IPO of apparel business Madewell: sources

11 Jul 2019

J. Crew Group Inc has hired investment banks to prepare for an initial public offering of its Madewell apparel business, as the U.S. clothing chain seeks ways to revive its fortunes, three people familiar with the matter said on Thursday. 

Fate of opioid litigation hinges on government 'police power'

26 Jun 2019

NEW YORK/BOSTON The fate of thousands of lawsuits seeking to hold drugmakers responsible for fueling the U.S. opioid epidemic hinges in part on a thorny legal question: Can a company use a bankruptcy to stop lawsuits from cities and states?

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