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Business

Potential buyer line up as America's oldest fashion retailer files for bankruptcy

The bankruptcy filing of America's oldest apparel retailer Brooks Brothers has ignited significant interest from potential buyers for the brand. WHP Global and a venture backed by Authentic Brands Group LLC and Simon Property Group, Inc., are reportedly considering bids for the retailer. WHP Global owns the Anne Klein and Joseph Abboud brands....

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Management |ANALYSIS Featured

Is J.C. Penney Co at risk of being delisted?

New York – Despite J.C. Penney Co. (JCP) reported better-than-expected quarterly results, the department store operator might be running out of time to turn around its business, according to market sources. The retailer reported another quarter of losses and topline deterioration. The company’s announcement of adding ThredUp shops to 30 of its...

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