Toys“R”Us to Close More Than 180 Stores

Wayne, N.J. — Toys“R”Us, Inc. plans to close 182 Toys“R”Us stores in the U.S. as part of a company-wide reinvention of its brands. In addition, the Wayne, N.J.-based retailer will convert a number of locations into co-branded Toys“R”Us and Babies“R”Us stores.

Charming Charlie Files for Chapter 11 Bankruptcy, Plans to Close 97 Stores

Houston — Citing struggles stemming from the rise of e-commerce, fashion retailer Charming Charlie has filed for Chapter 11 bankruptcy protection. During the Chapter 11 process, which was filed on December 11, 2017, the Houston-based fashion retailer plans to restructure its debt while maintaining and operating a majority of its stores, as well as its online platform.

Soupman, Inc. Emerges from Bankruptcy

Eatontown, N.J. — Soupman, Inc., owner of the Original Soupman brand, emerged from bankruptcy on September 8, 2017, with a clean balance sheet and a new management team committed to living up to the brand's value.

BCBG Contemplates Sale of Substantially All Assets

Los Angeles — BCBG Max Azria Group, LLC (BCBG) and certain of its affiliates have reached an agreement on a comprehensive restructuring which contemplates the sale of substantially all the assets of the company through a Chapter 11 plan to Marquee Brands LLC and Global Brands Group Holding Limited.

Soupman, Inc. Files For Bankruptcy Protection

New York City — Soupman, Inc. has filed for Chapter 11 bankruptcy protection. Soupman also has secured a new $2 million debtor-in-possession credit facility (DIP) to allow business operations to continue as normal. Michael Wyse of Wyse Advisors, LLC has been hired as chief restructuring officer and interim CFO of Soupman.

American Apparel Files for Chapter 11 Reorganization

Los Angeles — American Apparel, Inc., a vertically-integrated manufacturer, distributor and retailer of branded fashion-basic apparel, has reached a restructuring support agreement with 95% of its secured lenders to implement a pre-arranged financial restructuring.

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