FinancialNews

J.Crew Secures Lender Approval of Debt Plan

The heavy debt load just got a little lighter for J.Crew Group Inc., and its long-term outlook a bit brighter.

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FinancialNews

Financial Roundup: J.Crew Restructures Debt Amid Losses, Neimans Shuts Down Takeover Talks, and Sears Canada Teeters

J.Crew is looking to climb out of debt amid sweeping changes, Neiman Marcus continues to go it alone and Sears Canada is just looking to hold on.

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FinancialNews

Financial Roundup: HBC & Vince Struggle While Ascena Plans Up to 650 Store Closures As Losses Widen

Hudson's Bay Company, Vince and Ascena Group all see sales and profits fall in their quarterly reports, with Ann Taylor's parent company planning to close up to 650 doors.

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FinancialReport

Moody’s: Distressed Retailers Protecting Assets at Lenders’ Expense

Asset transfers are giving retailers like J. Crew, Neiman Marcus and Claire’s options for dealing with their debt, but it leaves their lenders exposed, according to the financial services firm.

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FinancialRetailNews

Abercrombie Losses In Line With Expectations, American Eagle Readies Takeover Bid

Just two weeks after news circulated that Abercrombie & Fitch had been weighing takeover bids, reports say Cerberus Capital Management and American Eagle Outfitters are readying a deal. The Wall Street Journal says an offer from the private equity firm and the rival retailer is……...

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