TickPick Acquires Secondary Staple Razorgator; Co-CEO Calls It An Important Acquisition Of Major Marketplace – Pollstar

Bankruptcy

Brett GoldbergTickPick Co-founder and Co-CEO Secondary marketplace TickPick is acquiring the brand and ticket resale platform Razorgator, which had declared financial insolvency in February. TickPick made the announcement today, and cofounder/co-CEO Brett Goldberg spoke with Pollstar about where Razorgator is headed after financial woes led to many customers purchasing tickets not honored at venues. The…

BRIEF-Gibson Brands Reaches Restructuring Support Agreement To Reorganize Around Core Businesses – Reuters

Restructuring

May 1 (Reuters) – Gibson Brands Inc: * GIBSON BRANDS REACHES RESTRUCTURING SUPPORT AGREEMENT TO REORGANIZE AROUND CORE BUSINESSES * GIBSON BRANDS INC – TRANSACTIONS TO BE EFFECTUATED THROUGH PRE-NEGOTIATED CHAPTER 11 FILINGS * GIBSON BRANDS INC – SECURED $135 MILLION IN DEBTOR IN POSSESSION FINANCING * GIBSON BRANDS – REACHED RESTRUCTURING SUPPORT AGREEMENT WITH…

BRIEF-Gibson Brands Reaches Restructuring Support Agreement To Reorganize Around Core Businesses – Reuters UK

Restructuring

May 1 (Reuters) – Gibson Brands Inc: * GIBSON BRANDS REACHES RESTRUCTURING SUPPORT AGREEMENT TO REORGANIZE AROUND CORE BUSINESSES * GIBSON BRANDS INC – TRANSACTIONS TO BE EFFECTUATED THROUGH PRE-NEGOTIATED CHAPTER 11 FILINGS * GIBSON BRANDS INC – SECURED $135 MILLION IN DEBTOR IN POSSESSION FINANCING * GIBSON BRANDS – REACHED RESTRUCTURING SUPPORT AGREEMENT WITH…

Gibson Brands Reaches Restructuring Support Agreement to Reorganize Around Core Businesses – PR Newswire (press release)

Restructuring

To implement the agreement, the Company and its U.S. subsidiaries today filed pre-negotiated reorganization cases under Chapter 11 of the U.S. Bankruptcy Code. The filings will allow the Company’s Musical Instruments and Professional Audio businesses to continue to design, build, sell, and manufacture legendary Gibson and Epiphone guitars, as well as KRK and Cerwin Vega…

JumpClimb closure leaves unpaid Fringe World artists worried – OUTinPerth

Liquidation

The Fringe World festival team have confirmed today that one of their largest affiliated events management companies may be preparing for voluntary administration. JumpClimb, an independent presenter of Fringe World events, were behind a number of venues and events at the 2018 festival including the ever-changing Noodle Palace venue. The company posted a message to…

IBC: Why Resolution Plans Are Unsuited To An Auction According To India’s Insolvency Regulator IBBI’s Sahoo – BloombergQuint

Liquidation

But MS Sahoo, the chairman of regulatory body, the Insolvency and Bankruptcy Board of India, doesnt quite agree. He made two distinctions. That these are not bids they are plans. And plans are not suited to an auction process. The resolution plan is expected to address the root cause of the failure of the firm,…