Busted retailers use bankruptcy to break leases by the thousands

With the pandemic intensifying the plight of U.S. retailers, companies from J. Crew Group to the owner of Ann Taylor are using Chapter 11 bankruptcy filings to quickly get out of costly, long-term leases and shutter thousands of stores. By seeking court protection, firms like Neiman Marcus and the parent company of Men's Wearhouse avoid the ...

Leave a Reply

Your email address will not be published. Required fields are marked *