Macy’s Inc. has retained investment bank Lazard and debt restructuring lawyers at Kirkland & Ellis LLP to explore options for bolstering its finances and managing its liabilities, according to CNBC. The company, which comprises three retail brands (Macy’s, Bloomingdale’s and … Continue reading →
Home furnishings chain Pier 1 Imports Inc. filed for Chapter 11 bankruptcy protection on February 17. In connection with the Chapter 11 filing, the Texas-based company received a commitment of approximately $256 million in debtor-in-possession financing from Bank of America … Continue reading →
Bitcoin: Launched: 2009; First developed by the pseudonymous Satoshi Nakamoto, then transferred to Bitcoin Foundation. Its code is now open source; Transactions are recorded anonymously on a digital public ledger (“blockchain”); Permissionless, entirely deregulated and decentralized; Bitcoin can be used … Continue reading →
According to a Reuters analysis of federal data, of the 378 metropolitan areas ranked by the change in their share of national employment from 2010 to 2017, 40 percent of the new jobs generated during that time (along with a … Continue reading →
The gap between the S&P 500 gains and the level of economic disappointments (the amount of data that has fallen short of analysts’ expectations) has widened to its highest level on record, according to MarketWatch (citing data from Nordea Markets). … Continue reading →
The total inventory of retail space in Eastern Massachusetts remained relatively flat between 2018 and 2019 with only a modest decrease of 0.2 percent (resulting from demolitions and re-purposing of space) to 195,979,300sf, according to the 2019 KeyPoint Report for … Continue reading →
Los Angeles-based Forever 21 Inc. has retained investment bank Lazard Ltd. and law firm Kirkland & Ellis for restructuring advice, according to Bloomberg. The fast fashion retailer, which opened its first store in 1984, has more than 800 locations worldwide. … Continue reading →
WashREIT has entered into two agreements with separate institutional buyers to sell a total of eight retail assets. The first sale agreement includes the following five retail assets: Gateway Overlook, Columbia, MD; Wheaton Park, Wheaton, MD; Olney Village Center, Olney, … Continue reading →
The number of jobs (all employees) at private breweries (all establishment sizes) increased from 26,380 in 2008 to 77,902 in 2018, according to the Bureau of Labor Statistics (BLS). The top three Metropolitan Statistical It can cure the root of … Continue reading →
According to Bloomberg (citing data from the Bank of Russia), between September 2017 and September 2018, the Russian central bank, which has the world’s fifth largest international reserves, more than halved the share of dollars in its reserves, replacing it … Continue reading →