Payless Reportedly Hires Advisor to Explore Restructuring or Company Sale – Footwear News

Less than 18 months after exiting bankruptcy, Payless ShoeSource has reportedly lined up an advisor to help mull over strategic alternatives, including a possible sale. According to a report from Reuters, citing people familiar with the matter, the affordable footwear retailer hired investment firm PJ Solomon as it continues to struggle amid digital disruption and…

UPDATE: Bloomfield Shopko on list of closings – ktvo.com

GREEN BAY, Wis. UPDATE: Shopko released the latest list of store closings Wednesday. Stores in Bloomfield, Iowa and Memphis, Missouri are scheduled to close April 15. Additional Iowa closings include Burlington, Fort Madison, Estherville, Webster City, Cherokee, Clarinda, Vinton, Hampton, Onawa and Eldora. In Missouri, additional store closings include Albany and Carrollton. ————————————————- Shopko, which…

Shopko Announces Financial Restructuring – PRNewswire

GREEN BAY, Wis., Jan. 16, 2019 /PRNewswire/ –Shopko (“the Company”), a leading operator of general merchandise stores throughout the Central, Western and Pacific Northwest regions of the U.S., today announced that it, along with its subsidiaries, has filed voluntary petitions for a court-supervised financial restructuring under Chapter 11 of the United States Bankruptcy Code. The…

Aegean Marine Petroleum Network Inc. Achieves Significant Milestones in Restructuring Progress – Business Wire

NEW YORK–(BUSINESS WIRE)–Aegean Marine Petroleum Network Inc. (NYSE:ANW) (Aegean or the Company) announced that the U.S. Bankruptcy Court for the Southern District of New York (the Court) has approved its revised final motion related to $535 million in aggregate Debtor-in-Possession financing (the DIP Facility) from Mercuria Energy Group Limited (Mercuria), one of the worlds largest…